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US Credit Rating Downgraded To AA+

Debating with the enemy


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Old 08-07-2011, 05:15 PM   #1
saden1
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Re: US Credit Rating Downgraded To AA+

This country has a financial structure problem. One side doesn't want entitlement cuts and wants to raise social spending, the other doesn't want to cut defense spending or raise taxes. Our political system is straight out of The Wire.

S&P is doing this country a favor over the long run by downgrading its rating.
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Old 08-07-2011, 05:43 PM   #2
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Re: US Credit Rating Downgraded To AA+

Quote:
Originally Posted by saden1 View Post
This country has a financial structure problem. One side doesn't want entitlement cuts and wants to raise social spending, the other doesn't want to cut defense spending or raise taxes. Our political system is straight out of The Wire.

S&P is doing this country a favor over the long run by downgrading its rating.
and each are instransigent on these absolutely incompatible goals. The only thing the compromise on is - "let's just spend more money".
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Old 08-07-2011, 09:22 PM   #3
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Re: US Credit Rating Downgraded To AA+

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Originally Posted by saden1 View Post
This country has a financial structure problem. One side doesn't want entitlement cuts and wants to raise social spending, the other doesn't want to cut defense spending or raise taxes. Our political system is straight out of The Wire.

S&P is doing this country a favor over the long run by downgrading its rating.
Agree 100%. This downgrade may be what slaps some level of economic sense into DC.
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Old 08-08-2011, 11:56 AM   #4
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Re: US Credit Rating Downgraded To AA+

Fannie and Freddie now downgraded (I'm amazed that didn't happen a few years ago). Are individual states next?

News from The Associated Press
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Old 08-08-2011, 01:09 PM   #5
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Re: US Credit Rating Downgraded To AA+

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Originally Posted by GMScud View Post
Fannie and Freddie now downgraded (I'm amazed that didn't happen a few years ago). Are individual states next?

News from The Associated Press
Just aske old Barney Frank.

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