dont_belong
Posts: 180
Apr 18, 2011 12:45pm
As it stands, the U.S. currently kept its "AAA" credit rating, but even that could be affected in the next few years if we keep going further into debt.
All of the rhetoric is speaking about cutting the deficit, for the most part. While very little is being said about the indebtedness of the U.S. If we keep going down this path, VERY SOON we will lose our ability to negotiate around the world, and soon thereafter will cease to be a world superpower.
http://www.msnbc.msn.com/id/42643641/ns/business-eye_on_the_economy/
All of the rhetoric is speaking about cutting the deficit, for the most part. While very little is being said about the indebtedness of the U.S. If we keep going down this path, VERY SOON we will lose our ability to negotiate around the world, and soon thereafter will cease to be a world superpower.
http://www.msnbc.msn.com/id/42643641/ns/business-eye_on_the_economy/
sleeper
Posts: 27,879
Apr 18, 2011 5:24pm
I'm glad they did it, and I hope it brings some more awareness to the issue that politicians seemingly want to avoid.
believer
Posts: 8,153
Apr 18, 2011 5:28pm
The idiots, twits, and fools running our Federal gubmint don't give a rat's ass about awareness.sleeper;744021 wrote:I'm glad they did it, and I hope it brings some more awareness to the issue that politicians seemingly want to avoid.
sleeper
Posts: 27,879
Apr 18, 2011 5:36pm
believer;744025 wrote:The idiots, twits, and fools running our Federal gubmint don't give a rat's ass about awareness.
Awareness to the public is what I meant. Although, I'd venture that 95%+ of Americans don't even know what S&P is much less care what the implications of the rating mean, so this could be a pointless cause.
I
I Wear Pants
Posts: 16,223
Apr 18, 2011 5:52pm
95% is probably accurate.
believer
Posts: 8,153
Apr 18, 2011 7:15pm
Oh I understood what you meant....I'm simply saying that public awareness means absolutely SQUAT to the idiots, twits, and fools running our Federal gubmint.sleeper;744039 wrote:Awareness to the public is what I meant. Although, I'd venture that 95%+ of Americans don't even know what S&P is much less care what the implications of the rating mean, so this could be a pointless cause.
dwccrew
Posts: 7,817
Apr 18, 2011 8:27pm
Funny that the White House downplayed this, of course they would. They are so full of shit it is beginning to make me physically sick. We need a revolution like yesterday. People need to march into DC (by the millions) and make some noise. Obviously the politicians have not yet heard the voice of the people. Not sure what else we can do.
Writerbuckeye
Posts: 4,745
Apr 18, 2011 9:03pm
dwccrew;744202 wrote:Funny that the White House downplayed this, of course they would. They are so full of shit it is beginning to make me physically sick. We need a revolution like yesterday. People need to march into DC (by the millions) and make some noise. Obviously the politicians have not yet heard the voice of the people. Not sure what else we can do.
That administration is NEVER going to change its ways. The guy in the White House is a demagogue and he will go down in flames believing that you can have as big a government as you want, and have as much debt as you want. His goal is to "spread the wealth" and he sees government as the medium for doing that.
I'm absolutely certain much smarter people than me or anyone on here have told him, point blank, that our spending can't continue like this without drastic consequences, and I'm just as certain he is ignoring that advice because he believes he is smarter than everyone else and will eventually be able to do whatever he wants.
dwccrew
Posts: 7,817
Apr 19, 2011 12:21am
Writerbuckeye;744264 wrote:That administration is NEVER going to change its ways. The guy in the White House is a demagogue and he will go down in flames believing that you can have as big a government as you want, and have as much debt as you want. His goal is to "spread the wealth" and he sees government as the medium for doing that.
I'm absolutely certain much smarter people than me or anyone on here have told him, point blank, that our spending can't continue like this without drastic consequences, and I'm just as certain he is ignoring that advice because he believes he is smarter than everyone else and will eventually be able to do whatever he wants.
Agree on all parts. Just want to point out that I wasn't solely blaming the White House and the administration; I place equal (perhaps more) blame on Congress. Many of those morons have been in office longer than Obama and have been screwing up for much longer. I have no faith in the U.S. government anymore and neither does S&P apparently.
believer
Posts: 8,153
Apr 19, 2011 3:13am
I haven't had any faith in the Federal government since January 20, 1989.dwccrew;744615 wrote:...I place equal (perhaps more) blame on Congress. Many of those morons have been in office longer than Obama and have been screwing up for much longer. I have no faith in the U.S. government anymore and neither does S&P apparently.
CenterBHSFan
Posts: 6,115
Apr 19, 2011 8:08am
dwccrew;744202 wrote:Funny that the White House downplayed this, of course they would. They are so full of shit it is beginning to make me physically sick. We need a revolution like yesterday. People need to march into DC (by the millions) and make some noise. Obviously the politicians have not yet heard the voice of the people. Not sure what else we can do.
People have done that. The problem is that they were: made fun of, accused of a multitude of wrong-doings, downplayed and basically called stupid and uniformed. Including by some people on this very forum.
Sad turn of events, IMO.
Belly35
Posts: 9,716
Apr 19, 2011 8:26am
CenterBHSFan;744680 wrote:People have done that. The problem is that they were: made fun of, accused of a multitude of wrong-doings, downplayed and basically called stupid and uniformed. Including by some people on this very forum.
Sad turn of events, IMO.
I don't have time to march on DC without some for warning, but I sure can storm my Congress and Senator local office
BGFalcons82
Posts: 2,173
Apr 19, 2011 9:01am
believer;744659 wrote:I haven't had any faith in the Federal government since January 20, 1989.
Yes sir.
That got me to thinking...where are today's great leaders? Go back 50 years and name them...JFK, MLK, and Reagan come to mind quickly. These are guys that took bold measures, were very charismatic, and were able to get things done. They were able to rally people to their cause against a tide of near hatred. Do we have that person among us today? If so, they need to come quickly to the front and get engaged. Right now, I see a couple with potential, but they seem a little distant for some reason.
dont_belong
Posts: 180
Apr 19, 2011 9:10am
http://www.foxbusiness.com/markets/2011/04/18/sp-debt-warning-timed-prod-reform-analysts/
I honestly do not believe there are enough people in this country that are willing to endure the sacrifices that must be made to make the appropriate changes.
I honestly do not believe there are enough people in this country that are willing to endure the sacrifices that must be made to make the appropriate changes.
dwccrew
Posts: 7,817
Apr 19, 2011 9:54am
A couple day event with a tens of thousands of people is not what I had in mind. I'm talking about hundreds of thousands, if not millions of people that do not leave until our government get shit right. Similar to what was done in Egypt. The people stayed until Mubarak was removed. We should assemble until our Congress and White house quit dicking us around and actually start initiating policy that will benefit the people of the US, not cause the demise of this once great nation.CenterBHSFan;744680 wrote:People have done that. The problem is that they were: made fun of, accused of a multitude of wrong-doings, downplayed and basically called stupid and uniformed. Including by some people on this very forum.
Sad turn of events, IMO.
Sad part is, many {too many} Americans are lazy and apathetic. Some probably don't even know or understand the problems that face this country and how close the cliff is that we're about to go off of. I blame these uninformed citizens as much as I do the politicians.
dont_belong;744721 wrote:http://www.foxbusiness.com/markets/2011/04/18/sp-debt-warning-timed-prod-reform-analysts/
I honestly do not believe there are enough people in this country that are willing to endure the sacrifices that must be made to make the appropriate changes.
100% agree with you.
C
Con_Alma
Posts: 12,198
Apr 19, 2011 10:57am
"When the people find that they can vote themselves money, that will herald the end of the Republic."
Benjamin Franklin
Benjamin Franklin
BGFalcons82
Posts: 2,173
Apr 19, 2011 11:35am
dwccrew;744744 wrote:I blame these uninformed citizens as much as I do the politicians.
I hadn't really thought of it this way, but I agree with this statement. Thanks!
The question then becomes...how do we get them informed and involved? One of the answers is to take away their freebies and reduce their entitlements. The wallet is always a nice place to start to get people off their tokus and into the game.
G
gut
Posts: 15,058
Apr 19, 2011 2:49pm
dwccrew;744744 wrote:... if not millions of people that do not leave until our government get shit right.
The only problem is, most people who might be willing to do that have jobs they have to attend to. Which leaves your opportunity set as the unemployed, who all suck from the govt teet. See the problem?
CenterBHSFan
Posts: 6,115
Apr 19, 2011 4:09pm
yikes!
believer
Posts: 8,153
Apr 19, 2011 4:51pm
The mainstream media is still trying to convince us it's their Chosen One.BGFalcons82;744716 wrote:That got me to thinking...where are today's great leaders? Go back 50 years and name them...JFK, MLK, and Reagan come to mind quickly. These are guys that took bold measures, were very charismatic, and were able to get things done. They were able to rally people to their cause against a tide of near hatred. Do we have that person among us today? If so, they need to come quickly to the front and get engaged. Right now, I see a couple with potential, but they seem a little distant for some reason.
Curious....Who do you believe has the potential?
F
Footwedge
Posts: 9,265
Apr 19, 2011 6:43pm
The S&P calling a spade a spade. How dare they?
dwccrew
Posts: 7,817
Apr 19, 2011 9:20pm
gut;745084 wrote:The only problem is, most people who might be willing to do that have jobs they have to attend to. Which leaves your opportunity set as the unemployed, who all suck from the govt teet. See the problem?
A major obstacle. We have to do in droves though. There is a great many unemployed people that I am sure are not satified with how this country is being run. We have 300 million+, I am sure we could keep people down there for a long time, don't have to be the same people the entire time, but the same message the entire time and large numbers.
Q
QuakerOats
Posts: 8,740
Apr 20, 2011 9:20am
Footwedge;745238 wrote:The S&P calling a spade a spade. How dare they?
and despite obama admin pressure not to do so .......... imagine that:
http://www.washingtonpost.com/business/economy/obama_administration_officials_tried_to_keep_sandp_rating_at_stable/2011/04/19/AFfAeO8D_story.html
CenterBHSFan
Posts: 6,115
Apr 20, 2011 12:07pm
On the one hand, I can see why they would want to do that.QuakerOats;745766 wrote:and despite obama admin pressure not to do so .......... imagine that:
http://www.washingtonpost.com/business/economy/obama_administration_officials_tried_to_keep_sandp_rating_at_stable/2011/04/19/AFfAeO8D_story.html
On the other hand, I do not appreciate our government trying to pull such a blatant fast-one.
dont_belong
Posts: 180
Apr 20, 2011 12:36pm
QuakerOats;745766 wrote:and despite obama admin pressure not to do so .......... imagine that:
http://www.washingtonpost.com/business/economy/obama_administration_officials_tried_to_keep_sandp_rating_at_stable/2011/04/19/AFfAeO8D_story.html
Not surprising at all to me, this bunch of tards only wants to give the "appearance" of having everything under control, and the S&P downgrade would smear that facade. It's all smoke and mirrors and in reality they are all in way over their head, but hope they can keep the American people fat, dumb and happy and going to the polls to vote for them. While the rest of us, which seems like the minority, can see what's happening but feel unable to stop it.