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jstoesz
ParticipantBrian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?
I have always had the opinion that we just need to regulate intelligence and good morals.
Problem solved! High Fives all around everyone!
Participant[quote=briansd1]
I do attach importance to what S&P has to say simply because the ratings have become an integral part of our financial system.Those who don’t give a damn about S&P should really stop pointing to the rating.
[/quote]Back to the whole fin reg bill. Why is it wrong to beat your opponent with the stick he gives you?
Seems logical to me, But I may be arguing in the alternative.
Participant[quote=briansd1]
I do attach importance to what S&P has to say simply because the ratings have become an integral part of our financial system.Those who don’t give a damn about S&P should really stop pointing to the rating.
[/quote]Back to the whole fin reg bill. Why is it wrong to beat your opponent with the stick he gives you?
Seems logical to me, But I may be arguing in the alternative.
Participant[quote=briansd1]
I do attach importance to what S&P has to say simply because the ratings have become an integral part of our financial system.Those who don’t give a damn about S&P should really stop pointing to the rating.
[/quote]Back to the whole fin reg bill. Why is it wrong to beat your opponent with the stick he gives you?
Seems logical to me, But I may be arguing in the alternative.
Participant[quote=briansd1]
I do attach importance to what S&P has to say simply because the ratings have become an integral part of our financial system.Those who don’t give a damn about S&P should really stop pointing to the rating.
[/quote]Back to the whole fin reg bill. Why is it wrong to beat your opponent with the stick he gives you?
Seems logical to me, But I may be arguing in the alternative.
Participant[quote=briansd1]
I do attach importance to what S&P has to say simply because the ratings have become an integral part of our financial system.Those who don’t give a damn about S&P should really stop pointing to the rating.
[/quote]Back to the whole fin reg bill. Why is it wrong to beat your opponent with the stick he gives you?
Seems logical to me, But I may be arguing in the alternative.
Participant[quote=briansd1][quote=jstoesz]
Do you really believe that brian, seriously? For 4+ years we have been racking up HUGE deficits. In the last six months the tea party gets a very limited amount of power in congress and with the repubs, there is finally some debate about the wisdom of these deficits. Cuts (reductions in increases) are agreed upon because of the tea party shifting the debate, and therefore, the downgrade is the fault of the tea party? The Tea Party is the first bloc to make a stride in this fashion in the last 10 years, and the downgrade is their fault?
That makes less than no sense.[/quote]
Yes, seriously, I do believe it. I’m not talking about whether America deserves the downgrade or not. I’m talking about the rationale at S&P for the downgrade.
I’m not even arguing whether the shift in politics because of the Tea Party is good or not.
S&P is rating France, Germany, the UK and other European countries higher than the USA despite entitlement issues that are worse than our own. Their tax rates are higher than our own. So entitlement and taxes are not the problem as far as S&P is concerned.
Those countries don’t have the political dysfunction we are currently experiencing.
If S&P thought that Tea Party politics were good for America, they would upgrade, not downgrade our bond ratings.[/quote]
Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.
Participant[quote=briansd1][quote=jstoesz]
Do you really believe that brian, seriously? For 4+ years we have been racking up HUGE deficits. In the last six months the tea party gets a very limited amount of power in congress and with the repubs, there is finally some debate about the wisdom of these deficits. Cuts (reductions in increases) are agreed upon because of the tea party shifting the debate, and therefore, the downgrade is the fault of the tea party? The Tea Party is the first bloc to make a stride in this fashion in the last 10 years, and the downgrade is their fault?
That makes less than no sense.[/quote]
Yes, seriously, I do believe it. I’m not talking about whether America deserves the downgrade or not. I’m talking about the rationale at S&P for the downgrade.
I’m not even arguing whether the shift in politics because of the Tea Party is good or not.
S&P is rating France, Germany, the UK and other European countries higher than the USA despite entitlement issues that are worse than our own. Their tax rates are higher than our own. So entitlement and taxes are not the problem as far as S&P is concerned.
Those countries don’t have the political dysfunction we are currently experiencing.
If S&P thought that Tea Party politics were good for America, they would upgrade, not downgrade our bond ratings.[/quote]
Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.
Participant[quote=briansd1][quote=jstoesz]
Do you really believe that brian, seriously? For 4+ years we have been racking up HUGE deficits. In the last six months the tea party gets a very limited amount of power in congress and with the repubs, there is finally some debate about the wisdom of these deficits. Cuts (reductions in increases) are agreed upon because of the tea party shifting the debate, and therefore, the downgrade is the fault of the tea party? The Tea Party is the first bloc to make a stride in this fashion in the last 10 years, and the downgrade is their fault?
That makes less than no sense.[/quote]
Yes, seriously, I do believe it. I’m not talking about whether America deserves the downgrade or not. I’m talking about the rationale at S&P for the downgrade.
I’m not even arguing whether the shift in politics because of the Tea Party is good or not.
S&P is rating France, Germany, the UK and other European countries higher than the USA despite entitlement issues that are worse than our own. Their tax rates are higher than our own. So entitlement and taxes are not the problem as far as S&P is concerned.
Those countries don’t have the political dysfunction we are currently experiencing.
If S&P thought that Tea Party politics were good for America, they would upgrade, not downgrade our bond ratings.[/quote]
Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.
Participant[quote=briansd1][quote=jstoesz]
Do you really believe that brian, seriously? For 4+ years we have been racking up HUGE deficits. In the last six months the tea party gets a very limited amount of power in congress and with the repubs, there is finally some debate about the wisdom of these deficits. Cuts (reductions in increases) are agreed upon because of the tea party shifting the debate, and therefore, the downgrade is the fault of the tea party? The Tea Party is the first bloc to make a stride in this fashion in the last 10 years, and the downgrade is their fault?
That makes less than no sense.[/quote]
Yes, seriously, I do believe it. I’m not talking about whether America deserves the downgrade or not. I’m talking about the rationale at S&P for the downgrade.
I’m not even arguing whether the shift in politics because of the Tea Party is good or not.
S&P is rating France, Germany, the UK and other European countries higher than the USA despite entitlement issues that are worse than our own. Their tax rates are higher than our own. So entitlement and taxes are not the problem as far as S&P is concerned.
Those countries don’t have the political dysfunction we are currently experiencing.
If S&P thought that Tea Party politics were good for America, they would upgrade, not downgrade our bond ratings.[/quote]
Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.
Participant[quote=briansd1][quote=jstoesz]
Do you really believe that brian, seriously? For 4+ years we have been racking up HUGE deficits. In the last six months the tea party gets a very limited amount of power in congress and with the repubs, there is finally some debate about the wisdom of these deficits. Cuts (reductions in increases) are agreed upon because of the tea party shifting the debate, and therefore, the downgrade is the fault of the tea party? The Tea Party is the first bloc to make a stride in this fashion in the last 10 years, and the downgrade is their fault?
That makes less than no sense.[/quote]
Yes, seriously, I do believe it. I’m not talking about whether America deserves the downgrade or not. I’m talking about the rationale at S&P for the downgrade.
I’m not even arguing whether the shift in politics because of the Tea Party is good or not.
S&P is rating France, Germany, the UK and other European countries higher than the USA despite entitlement issues that are worse than our own. Their tax rates are higher than our own. So entitlement and taxes are not the problem as far as S&P is concerned.
Those countries don’t have the political dysfunction we are currently experiencing.
If S&P thought that Tea Party politics were good for America, they would upgrade, not downgrade our bond ratings.[/quote]
Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.
Participant[quote=eavesdropper] And I blame our government for providing special privileges to S & P, not only in relieving them of responsibility for the execution of prior disastrous decisions, but also for allowing them to continue to pose a danger of making more of them.[/quote]
Yeah the whole fin reg bill really takes the wind out of the liberal’s sails when trying to shoot the messenger.
If they are so stupid and corrupt, why give them more keys to the kingdom?
Participant[quote=eavesdropper] And I blame our government for providing special privileges to S & P, not only in relieving them of responsibility for the execution of prior disastrous decisions, but also for allowing them to continue to pose a danger of making more of them.[/quote]
Yeah the whole fin reg bill really takes the wind out of the liberal’s sails when trying to shoot the messenger.
If they are so stupid and corrupt, why give them more keys to the kingdom?
Participant[quote=eavesdropper] And I blame our government for providing special privileges to S & P, not only in relieving them of responsibility for the execution of prior disastrous decisions, but also for allowing them to continue to pose a danger of making more of them.[/quote]
Yeah the whole fin reg bill really takes the wind out of the liberal’s sails when trying to shoot the messenger.
If they are so stupid and corrupt, why give them more keys to the kingdom?
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