News S&P Downgrades US To AA+, Outlook Negative

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The discussion centers on the U.S. credit rating downgrade by Standard & Poor's (S&P), attributed to perceived weaknesses in American political institutions and fiscal policy. Participants argue that the downgrade reflects a failure to effectively manage spending and debt, with particular blame directed at both major political parties for their inability to make substantial cuts. The Tea Party is mentioned as a group that attempted to address these issues but faced significant opposition. There is a consensus that the political gridlock, especially surrounding the debt ceiling negotiations, contributed to the downgrade, with some arguing that threats of default were exaggerated. The conversation also touches on the broader implications of government spending, the hoarding of cash by businesses due to uncertainty, and the historical context of fiscal responsibility across administrations. Overall, the dialogue highlights a deep frustration with the current political climate and its impact on economic stability.
  • #201
WhoWee said:
Am I wrong? The Left didn't support Hillary and has brutally attacked both Bachman and Palin on a personal level.

Yes, you are dead wrong, because you are not answering my question. Let me help you out, one more time (emphasis mine):

WhoWee said:
If the leaders I elect turn out to be idiots - I'm going to support a new leader - not put up with the idiot. That's not a superiority complex - they are paid well and are spending our money - I expect them to be competent and trustworthy. Is that wrong?

DevilsAvocado said:
Absolutely not, I think that’s the whole point in a democracy.

I could be wrong, but AFAIK Michele Bachmann is the Tea Party presidential candidate, and too most people she looks both incompetent and untrustworthy, too put it mildly:


https://www.youtube.com/watch?v=M4SuzEWI_0o

So, how is this compatible with what you’ve just said? I don’t get it?


WhoWee said:
IMO - the Left doesn't want a female President - otherwise Hillary would be the second President Clinton and Bill would be the First Gentleman.

DevilsAvocado said:
No one, not having smoked that tea, will believe this is an answer to my question.

WhoWee said:
Am I wrong? The Left didn't support Hillary and has brutally attacked both Bachman and Palin on a personal level.


So once again: How can you be in favor of Michele Bachmann when she is clearly both incompetent and untrustworthy?


(We can take the Hillary/Bachman/Palin "feminist debate" once you answered my question.)
 
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  • #202
Proton Soup said:
i'm not sure what you mean. i think she was trying to say that there have always been people opposed to slavery in the US.

That’s not what she was saying. She said the founding fathers, writing The Constitution of the United States in 1787, "worked tirelessly until slavery was no more", and in a weird "conclusion" suspects that President Obama (if reelected) will end this precious period "over 21 generations" of pure and equal liberty in America – and reinstall slavery.

Most kids in 10th grade know that slavery ended in the American Civil War 1865, and still after that there was not full liberty for everyone until modern times.

This is what I call ignorant-moron-fear-propaganda that only other morons will buy.
 
  • #203
Proton Soup said:
yeah, I'm not interested in a gold standard, either. fiat currency is fine with me. if we did peg it to something, it might as well be wheat.

paying to poop is a genuine concern. that's why i support his call to bring the troops home from these meddling wars. we've got a crumbling infrastructure that needs repair, and if we keep spending all our gold on smashing the heads of foreigners, we won't have a pot to poop in.

https://www.youtube.com/watch?v=IhxwJnPbzt4

I would vote for that Ron Paul.

Thank you for the video. I've never seen Rick Santorum before. He strikes me as an idiot. I can understand why his name is now synonymous with unmentionable nasty things.
 
  • #204
DevilsAvocado said:
Yes, you are dead wrong, because you are not answering my question. Let me help you out, one more time (emphasis mine):




So once again: How can you be in favor of Michele Bachmann when she is clearly both incompetent and untrustworthy?


(We can take the Hillary/Bachman/Palin "feminist debate" once you answered my question.)

You made a very big jump from your comment that she "looks" incompetent and untrustworthy to your position that "she is clearly both incompetent and untrustworthy" - your childish photos and Chris Matthews aside - you haven't supported anything more than my point that the Left attacks her (and other women) personally.

If you want to debate her competence - let's do so in the Obama 2012 thread. We can compare her resume to the Presidents - along with their legislative records. Just for fun let's compare her resume to Nancy Pelosi - the 3rd most powerful person in DC for the first 2 years of the Obama Administration.
 
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  • #205
Proton Soup said:
... we've had terrible things going on in Ivory Coast, Sudan, Somalia, and didn't get involved. ...

I think UN, and France, was involved in the Ivory Coast. Also, the UN, I think in the form of African Nations, is involved in Sudan.

The US intervened with other nations under an UN flag in Somalia several times. Most of the interventions were classified as failures since the goals were never met. It is interesting to note that -in the last US involvement- an Islamic group was supported.
 
  • #206
WhoWee said:
You made a very big jump from your comment that she "looks" incompetent and untrustworthy to your position that "she is clearly both incompetent and untrustworthy" - your childish photos and Chris Matthews aside - you haven't supported anything more than my point that the Left attacks her (and other women) personally.

We don't attack them because they are women, we attack them because we think they're idiots. You know, if she had just used the proper term; "forefathers", we would not be having this debate. But that argument would simply generate a whole 'nother round of jokes:

"Why didn't she say forefathers instead of founding fathers?"
"Because her husband doesn't like foreplay, and therefore doesn't want her using words starting with fore"
"Can she count to ten?"
"No. Four sounds too much like fore, so she has to stop at 3. Husband's orders."
"What do Michelle and her husband yell when they play golf?"
"Get the **** out of the way! I sliced another one!"

hmmm...

and from our fathers, fathers, fathers, father...

https://www.youtube.com/watch?v=hSELOCMmw4A

It's no wonder I'm a Marxist Commie Pinko Lefty. Those Python boys had way too big an influence on me.
 
  • #207
OmCheeto said:
We don't attack them because they are women, we attack them because we think they're idiots. You know, if she had just used the proper term; "forefathers", we would not be having this debate. But that argument would simply generate a whole 'nother round of jokes:

"Why didn't she say forefathers instead of founding fathers?"
"Because her husband doesn't like foreplay, and therefore doesn't want her using words starting with fore"
"Can she count to ten?"
"No. Four sounds too much like fore, so she has to stop at 3. Husband's orders."
"What do Michelle and her husband yell when they play golf?"
"Get the **** out of the way! I sliced another one!"

hmmm...

and from our fathers, fathers, fathers, father...

https://www.youtube.com/watch?v=hSELOCMmw4A

It's no wonder I'm a Marxist Commie Pinko Lefty. Those Python boys had way too big an influence on me.

my bold
If that's true - why haven't either one of you attacked Vice President Joe Biden?

He says and does really idiotic things - quite often - doesn't he?
 
  • #208
Proton Soup said:
paying to poop is a genuine concern. that's why i support his call to bring the troops home from these meddling wars. we've got a crumbling infrastructure that needs repair, and if we keep spending all our gold on smashing the heads of foreigners, we won't have a pot to poop in.

ps. Paying to poop is a personal pet peeve of mine. I used to poop in the back yard via a toilet, plumbing, cesspool, type of system. Someone decided that all that poop was bad for our groundwater, so they made us all buy into a big sewer system. I can't remember the exact figure now, but the city put a lien on my house of around $6000 to pay for the infrastructure. And now, instead of paying $10 a month for water, I have to pay $50 every month to the city to run the water/poop systems. Since it's the city collecting the money, I consider that a $40/month tax on my pooping.

I probably wouldn't mind to pay so much to poop, but every time we get too much rain, lots of our poop now overflows into our river. Which needless to say, is quite disgusting, and a bit contrary to why we needed the system in the first place.
 
  • #209
OmCheeto said:
ps. Paying to poop is a personal pet peeve of mine. I used to poop in the back yard via a toilet, plumbing, cesspool, type of system. Someone decided that all that poop was bad for our groundwater, so they made us all buy into a big sewer system. I can't remember the exact figure now, but the city put a lien on my house of around $6000 to pay for the infrastructure. And now, instead of paying $10 a month for water, I have to pay $50 every month to the city to run the water/poop systems. Since it's the city collecting the money, I consider that a $40/month tax on my pooping.

I probably wouldn't mind to pay so much to poop, but every time we get too much rain, lots of our poop now overflows into our river. Which needless to say, is quite disgusting, and a bit contrary to why we needed the system in the first place.

we've had similar stuff going on around birmingham, al, because the county has nearly gone bankrupt paying for court-mandated sewer repairs. so there has been a huge drive to get everyone they can added to the system as a source of revenue to pay off the bonds. so yeah, I'm familiar with the sort of harassment you may be experiencing.
 
  • #210
WhoWee said:
my bold
If that's true - why haven't either one of you attacked Vice President Joe Biden?

He says and does really idiotic things - quite often - doesn't he?

I don't watch much TV.
I get 99% of my news from Physics Forums.
You'll have to post a U-tube.

But not this one:

If those were his worst gaffes, he's got nothin' on Bachmann's screwy eyed lunacy.

my sincerest apologies to all the screwy eyes lunatics out there for putting Michelle in the same boat as you.
 
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  • #211
WhoWee said:
You made a very big jump from your comment that she "looks" incompetent and untrustworthy to your position that "she is clearly both incompetent and untrustworthy"

Oh! I’m terribly sorry! I should have know that this kind of very advanced implicit reasoning; [too most people she] "looks" and [to me] "she is clearly both incompetent and untrustworthy", is way over your current level.

WhoWee said:
your childish photos

Well, I just put there to make you happy – it matches your level of debating, perfect.

WhoWee said:
you haven't supported anything

In the misty haze of people smoking tea, that would be the "tea truth", too everyone else reading this fruitful debate – it’s a joke, especially since you are running around in this forum telling everyone else to stop acting like a troll. :smile:


PS: M&I just called, they downgraded you to "D: has deflected on obligations and M&I believes that you will generally deflect on most or all obligations".
 
  • #212
DevilsAvocado said:
Oh! I’m terribly sorry! I should have know that this kind of very advanced implicit reasoning; [too most people she] "looks" and [to me] "she is clearly both incompetent and untrustworthy", is way over your current level.



Well, I just put there to make you happy – it matches your level of debating, perfect.



In the misty haze of people smoking tea, that would be the "tea truth", too everyone else reading this fruitful debate – it’s a joke, especially since you are running around in this forum telling everyone else to stop acting like a troll. :smile:


PS: M&I just called, they downgraded you to "D: has deflected on obligations and M&I believes that you will generally deflect on most or all obligations".

Considering this thread is about the S&P downgrade - I thought my request was timely. However, I couldn't help but notice the silence - no witty response to this question?

"If you want to debate her competence - let's do so in the Obama 2012 thread. We can compare her resume to the Presidents - along with their legislative records. Just for fun let's compare her resume to Nancy Pelosi - the 3rd most powerful person in DC for the first 2 years of the Obama Administration."

Why don't we measure then Senator Obama's competentce by the standards you've (apparently) set for Bachman - might be fun?
 
  • #213
M&I called again, now you’re downgraded to "NR: has lost all intellectual capital, cannot be taken seriously, is trying to pay his first bill with a second irrelevant bill, tea smokescreens all over, working hard to close everything down, a complete waste of time".
 
  • #214
Michele "http://www.youtube.com/watch?v=thR-lVuztIY"" Bachmann have herself benefited from government aid, i.e. "Gangster Aid":
http://www.latimes.com/news/nationworld/nation/la-na-bachmann-20110626,0,7475882,full.story

Bachmann's had her share of government aid - Los Angeles Times

But the Minnesota Republican and her family have benefited personally from government aid, an examination of her record and finances shows. A counseling clinic run by her husband has received nearly $30,000 from the state of Minnesota in the last five years, money that in part came from the federal government. A family farm in Wisconsin, in which the congresswoman is a partner, received nearly $260,000 in federal farm subsidies.
 
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  • #215
Ivan Seeking said:
... One thing has nothing to do with the other except that tea partiers think they are special somehow.

... Again, this is nothing but some kind of superiority complex in play.

I think it’s called the http://en.wikipedia.org/wiki/God_complex" .

Ivan Seeking said:
It was the tea party's own Michelle Bachman who said we should refuse to raise the debt ceiling - absolute lunacy by any measure! But there she is; a leading candidate.

At every turn, what I see is a movement bent on destroying the economy.

To me is clear that the main goal for the Tea Party and Michelle Bachman is to destroy President Obama, at any cost, including destroying the economy. They can’t beat him in the ordinary way, i.e. with political arguments and ideas, thus the only way is to create maximum mayhem in the Congress and the economy, and to redefine the word compromise – "We will only compromise if everybody does exactly what we say".

Once the dysfunctional democracy was a fact, and the President was tied behind his back by http://www.politico.com/news/stories/0811/60421.html" , and was just itching to pull the trigger, Michelle Bachman started the ridicules campaign – "President Obama has destroyed the credit rating of the United States through his failed economic policies":


https://www.youtube.com/watch?v=0IDAuvUXLVw

While we all know that Michele "http://www.latimes.com/news/nationworld/nation/la-na-bachmann-20110626,0,7475882,full.story" " Bachmann had the major part herself in the S&P downgrade.

John Chambers, Head of Sovereign Ratings, Standard & Poor's at Anderson Cooper 360:
[emphasis mine]

COOPER: Why did S&P downgrade the United States' credit rating today?

CHAMBERS: Well, I think there were two reasons.

The first reason is the one that you have outlined, being our view of the political settings in the United States have been altered. We have taken them down a notch, the rating down a notch. The political brinkmanship we saw over raising the debt ceiling was something that was really beyond our expectations, the U.S. government getting to the last day before they had cash management problems.
...

COOPER: So it's interesting. You're saying without a doubt, the recent debate, the recent roadblocks in Congress, the tenor, the timing, the tone of the debate had a major impact on this.

CHAMBERS: Yes.

I think that's what put things over the brink
.


https://www.youtube.com/watch?v=VjcGcAXFaoI​
 
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