The Tea Party downgrade

[Arraya]

Yeah Dave, I’m sure that S&P is full of people really trying to give their best analysis of risk unaffected by politics or money. Like a loving parent that enabled some bad habits before and is just trying to redeem herself with some tough love, right. haha

Of course, partisan politics being what it is these days — a blood-soaked ditch of snarling hyenas gaming for control of the insane asylum. This is a straight-up political hit-job(with a possible side benefit of goosing equities).

[KIBU]

Congratulations. We may have just got ourselves into cutting the budget deficit plan for the 10 years in an extremely interesting way:

“If, as a result of these congressional antics, interest rates on America’s debt rise by 1% – in other words, if the world asks for just a little bit more interest to lend us money – the budget deficit will rise by $1.3 trillion over 10 years. That would more than wipe out the entire 10 years of cuts proposed in the debt deal. That’s the American system at work these days”.

http://globalpublicsquare.blogs.cnn.com/2011/08/07/fareeds-take-weve-downgraded-ourselves/

[KIBU]

Congratulations. We may have just got ourselves into cutting the budget deficit plan for the 10 years in an extremely interesting way:

“If, as a result of these congressional antics, interest rates on America’s debt rise by 1% – in other words, if the world asks for just a little bit more interest to lend us money – the budget deficit will rise by $1.3 trillion over 10 years. That would more than wipe out the entire 10 years of cuts proposed in the debt deal. That’s the American system at work these days”.

http://globalpublicsquare.blogs.cnn.com/2011/08/07/fareeds-take-weve-downgraded-ourselves/

[KIBU]

Congratulations. We may have just got ourselves into cutting the budget deficit plan for the 10 years in an extremely interesting way:

“If, as a result of these congressional antics, interest rates on America’s debt rise by 1% – in other words, if the world asks for just a little bit more interest to lend us money – the budget deficit will rise by $1.3 trillion over 10 years. That would more than wipe out the entire 10 years of cuts proposed in the debt deal. That’s the American system at work these days”.

http://globalpublicsquare.blogs.cnn.com/2011/08/07/fareeds-take-weve-downgraded-ourselves/

[KIBU]

Congratulations. We may have just got ourselves into cutting the budget deficit plan for the 10 years in an extremely interesting way:

“If, as a result of these congressional antics, interest rates on America’s debt rise by 1% – in other words, if the world asks for just a little bit more interest to lend us money – the budget deficit will rise by $1.3 trillion over 10 years. That would more than wipe out the entire 10 years of cuts proposed in the debt deal. That’s the American system at work these days”.

http://globalpublicsquare.blogs.cnn.com/2011/08/07/fareeds-take-weve-downgraded-ourselves/

[KIBU]

Congratulations. We may have just got ourselves into cutting the budget deficit plan for the 10 years in an extremely interesting way:

“If, as a result of these congressional antics, interest rates on America’s debt rise by 1% – in other words, if the world asks for just a little bit more interest to lend us money – the budget deficit will rise by $1.3 trillion over 10 years. That would more than wipe out the entire 10 years of cuts proposed in the debt deal. That’s the American system at work these days”.

http://globalpublicsquare.blogs.cnn.com/2011/08/07/fareeds-take-weve-downgraded-ourselves/

[GH]

Sooo our rating is NOT bad because we owe too much and cannot pay our bills without incurring yet more debt, but because of the tea party?

Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.

I am firmly on the side of Soviet style bankruptcy when it comes to the US and most EU countries.

We have too many entitlements and history has demonstrated over and over socialism does not work and like it or not we are a socialist nation. We have become the nation of ask not what you can do for your country but what your country can do for you!

[GH]

Sooo our rating is NOT bad because we owe too much and cannot pay our bills without incurring yet more debt, but because of the tea party?

Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.

I am firmly on the side of Soviet style bankruptcy when it comes to the US and most EU countries.

We have too many entitlements and history has demonstrated over and over socialism does not work and like it or not we are a socialist nation. We have become the nation of ask not what you can do for your country but what your country can do for you!

[GH]

Sooo our rating is NOT bad because we owe too much and cannot pay our bills without incurring yet more debt, but because of the tea party?

Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.

I am firmly on the side of Soviet style bankruptcy when it comes to the US and most EU countries.

We have too many entitlements and history has demonstrated over and over socialism does not work and like it or not we are a socialist nation. We have become the nation of ask not what you can do for your country but what your country can do for you!

[GH]

Sooo our rating is NOT bad because we owe too much and cannot pay our bills without incurring yet more debt, but because of the tea party?

Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.

I am firmly on the side of Soviet style bankruptcy when it comes to the US and most EU countries.

We have too many entitlements and history has demonstrated over and over socialism does not work and like it or not we are a socialist nation. We have become the nation of ask not what you can do for your country but what your country can do for you!

[GH]

Sooo our rating is NOT bad because we owe too much and cannot pay our bills without incurring yet more debt, but because of the tea party?

Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.

I am firmly on the side of Soviet style bankruptcy when it comes to the US and most EU countries.

We have too many entitlements and history has demonstrated over and over socialism does not work and like it or not we are a socialist nation. We have become the nation of ask not what you can do for your country but what your country can do for you!

[davelj]

[quote=Arraya]Yeah Dave, I’m sure that S&P is full of people really trying to give their best analysis of risk unaffected by politics or money. [/quote]

I assume they’re affected by both politics and money, although I can’t really tell who’s pulling the strings here… after all, both the left and the right are spinning S&P’s report and downgrade into a “See, Daddy likes me best” argument. Both sides are pointing at the other saying, “Look what you’ve done now!”

What’s your position? That we should (1) spend more money, and/or (2) not raise taxes? Personally, I think less spending (particularly on defense) and higher taxes (particularly on the top 1%) makes all kinds of sense. But that’s just me.

[davelj]

[quote=Arraya]Yeah Dave, I’m sure that S&P is full of people really trying to give their best analysis of risk unaffected by politics or money. [/quote]

I assume they’re affected by both politics and money, although I can’t really tell who’s pulling the strings here… after all, both the left and the right are spinning S&P’s report and downgrade into a “See, Daddy likes me best” argument. Both sides are pointing at the other saying, “Look what you’ve done now!”

What’s your position? That we should (1) spend more money, and/or (2) not raise taxes? Personally, I think less spending (particularly on defense) and higher taxes (particularly on the top 1%) makes all kinds of sense. But that’s just me.

[davelj]

[quote=Arraya]Yeah Dave, I’m sure that S&P is full of people really trying to give their best analysis of risk unaffected by politics or money. [/quote]

I assume they’re affected by both politics and money, although I can’t really tell who’s pulling the strings here… after all, both the left and the right are spinning S&P’s report and downgrade into a “See, Daddy likes me best” argument. Both sides are pointing at the other saying, “Look what you’ve done now!”

What’s your position? That we should (1) spend more money, and/or (2) not raise taxes? Personally, I think less spending (particularly on defense) and higher taxes (particularly on the top 1%) makes all kinds of sense. But that’s just me.

[davelj]

[quote=Arraya]Yeah Dave, I’m sure that S&P is full of people really trying to give their best analysis of risk unaffected by politics or money. [/quote]

I assume they’re affected by both politics and money, although I can’t really tell who’s pulling the strings here… after all, both the left and the right are spinning S&P’s report and downgrade into a “See, Daddy likes me best” argument. Both sides are pointing at the other saying, “Look what you’ve done now!”

What’s your position? That we should (1) spend more money, and/or (2) not raise taxes? Personally, I think less spending (particularly on defense) and higher taxes (particularly on the top 1%) makes all kinds of sense. But that’s just me.

[Author]

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