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S&P cuts US credit rating to AA+

Discussion in 'Off Topic Threads' started by Dougbbbb, Aug 5, 2011.

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  1. Dougbbbb

    Dougbbbb TS Supporters TS Supporters

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    Let the bleeding begin
     
  2. Rick Barker

    Rick Barker Well-Known Member

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    Welcome to Obamaville.
     
  3. 87AA

    87AA TS Member

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    Buy guns, bullets, and food, Armageddon is near!!!

    S & P will never give back the AAA rating until they see SERIOUS cuts in spending. This probably means medicare and social security.
     
  4. kene

    kene TS Member

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    even tho S&P made a $2T [that is trillion] mistake in their calculation -- Moodys and other rating organizations are keeping rating at AAA -- stand by for a wild ride
     
  5. GW22

    GW22 Active Member

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    I can not believe S&P would downgrade us after 70+ years. They act like we elected a President with zero Executive experience and he started printing dollars like play-money and threw it into the wind or something.

    -Gary
     
  6. bigdogtx

    bigdogtx Well-Known Member

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    Seems like some were not fooled by the "deal",,,,hussein now has a VERY BLACK mark on his watch that will not be able to be spun away....

    God Save America!!
     
  7. Bisi

    Bisi TS Member

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    The sad thing is that Ojackass, Reid, Pelosi, and the 4th branch of the government (big media) will blame it on the Bush tax cuts and not taxing more the 49% of the working people whom pay income tax.

    It's you bastards fault. You bastards that pay the tax, you should pay even more than you are now. LWS - (laced with sarcasm)

    I'm surprised we are still at AA+. If you were Chinese or a citizen of any other country, would you want to take a dollar in return for concrete merchandise, or loan us money? What do we have as collateral? 43 million people on food stamps? Millions of illegals who aren't going to learn to speak English much less Chinese? Food? The US is now a net importer of food. Oil? We import 70% of what we use now.
     
  8. cubancigar2000

    cubancigar2000 Well-Known Member

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    It should have been much lower. If one of us was over extended as bad as the govt is our score would be 100 & we could not borrow anything anywhere
     
  9. Rick Barker

    Rick Barker Well-Known Member

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    Harry Reid is already saying we need to increase tax burden because of down grade.
     
  10. Russ-in-Pa

    Russ-in-Pa Well-Known Member

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    They are gonna try to blame the tea party for this.

    The Dems and the Repubs have been in power almost forever, but they will try to shift the blame on the newcomer.
     
  11. sliverbulletexpress

    sliverbulletexpress TS Member

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    Bisi is exactly right. One way or another it will be blamed on Bush and the Tea Party. In fact they had already started demonizing the Tea Party and so it will continue. Our only hope is that there is still enough Americans left who will vote and Chicago style election tampering is not nationwide by the next election.
     
  12. Rick Barker

    Rick Barker Well-Known Member

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    Every talking head on tv today is saying "more taxes"

    Looks like we are in for it now.

    Also some Dems are threating to investigate Standard and Poors. They never learn.

    Heard S&P guy say it it would take some where between 9-18 years to get AAA+ rating back.

    Of course that means changing our course we have been on and that we don't lose our AA+ rating.
     
  13. skeeljc

    skeeljc Supporting Vendor Supporting Vendor

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    France has a better credit rating - GEEEZ.


    [​IMG]


    Jim Skeel
     
  14. warren

    warren Member

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    Ditto. Maybe now they'll quit paying Brazillian cotton growers not to grow cotton and Chinese manufacturing co's not to polute but I'll believe it when I see it..

    warren
     
  15. Barrelbulge(Fl)

    Barrelbulge(Fl) TS Supporters TS Supporters

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    87AA, they want to take it from S.S. and Medicare programs that we paid into and they put the money into the general fund. They never mention taking from welfare where the recipients don't contribute a dime. Not right in my book. Bulge.
     
  16. mx2k33

    mx2k33 Well-Known Member

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    This is shocking! Who knew that when you spend more money than you have, and borrow even more money to keep spending even more that you get a downgrade of your credit?? Surely Obama and the Democrats will fix this in the next 5 years if they get the chance.
     
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