News and Political Forum News and Politics spoken here!

Reply
 
LinkBack Thread Tools Display Modes
Old 04-10-2012, 06:40   #1
Administrator
Points: 24,041, Level: 94 Points: 24,041, Level: 94 Points: 24,041, Level: 94
Activity: 1.5% Activity: 1.5% Activity: 1.5%
Last Achievements
 
Kevin's Avatar
 
Join Date: Dec 2010
Location: Texas
Posts: 1,591
US credit rating downgraded again

The credit rating of the US has been downgraded to a AA from a AA+.

Egan Jones Downgrades US Credit Rating - US Credit Rating Downgrade - Fox Nation

My first thoughts are so what, and why do we even have a AA credit rating?

The US owes as much as we are worth. Usually, if you owe more then you are worth, you get a really bad credit rating.
Kevin is offline   Reply With Quote
Old 04-10-2012, 07:00   #2
Full Member
Points: 5,481, Level: 47 Points: 5,481, Level: 47 Points: 5,481, Level: 47
Activity: 0.8% Activity: 0.8% Activity: 0.8%
Last Achievements
 
Join Date: Jan 2010
Location: camp verde az
Posts: 322
its a black people kind of thing they are knowen for that kind of behavier spend what you dont have and forget paying your bills.
curt mini14 is offline   Reply With Quote
Old 04-10-2012, 20:38   #3
Full on evil Capitalist!
Points: 12,674, Level: 73 Points: 12,674, Level: 73 Points: 12,674, Level: 73
Activity: 40.9% Activity: 40.9% Activity: 40.9%
Last Achievements
 
Join Date: Aug 2009
Location: Boise, Idaho
Posts: 4,022
Hey, we can just tax the rich....

It's the Buffett rule..
Adjuster is offline   Reply With Quote
Old 04-10-2012, 21:13   #4
Full Member
Points: 2,156, Level: 28 Points: 2,156, Level: 28 Points: 2,156, Level: 28
Activity: 13.0% Activity: 13.0% Activity: 13.0%
Last Achievements
 
Join Date: Feb 2012
Posts: 372
Surpise? I think not. Given the current administrations course and the fact that a majority of americans are quiet content with it, we better get used to it and the consequences that go with it cuase the only place our credit rating is going is DOWN!
LunaticFringeInc is offline   Reply With Quote
Old 04-11-2012, 06:04   #5
Administrator
Points: 24,041, Level: 94 Points: 24,041, Level: 94 Points: 24,041, Level: 94
Activity: 1.5% Activity: 1.5% Activity: 1.5%
Last Achievements
 
Kevin's Avatar
 
Join Date: Dec 2010
Location: Texas
Posts: 1,591
The US is headed into a major financial problem, a problem that printing more money and lowering the interest rates will not be able to fix.

There is only X amount of money that can be printed before inflation kicks in.

Interest rates can only be lowered to a certain points before making loans is no longer profitable.

The US government allows the federal reserve to print money out of thin air, and for what? To give the money to the banks?

Sooner or later the government is going to have to stop spending, and when they do there is going to be a serious backlash. Where does the government cut spending at? All of the established programs will have profound effects on the economy.

Do you cut food stamps?
Do you cut military spending?
Do you cut NASA?
Do you cut medicare?
Do you cut medicaid?
Do you cut public health?
Do you cut foreign aid?

Whatever programs are cut, there is going to be some kind of backlash.
Kevin is offline   Reply With Quote
Old 04-11-2012, 08:30   #6
Full Member
Points: 9,366, Level: 65 Points: 9,366, Level: 65 Points: 9,366, Level: 65
Activity: 70.5% Activity: 70.5% Activity: 70.5%
Last Achievements
 
Join Date: Jun 2008
Posts: 2,424
Originally Posted by Kevin View Post
Do you cut food stamps?
Do you cut military spending?
Do you cut NASA?
Do you cut medicare?
Do you cut medicaid?
Do you cut public health?
Do you cut foreign aid?
Yes.
Not no, but hell no.
No.
No.
Yes.
Yes.
Not yes, but hell yes.
higgite is offline   Reply With Quote
Old 04-11-2012, 12:21   #7
Full Member
Points: 9,784, Level: 66 Points: 9,784, Level: 66 Points: 9,784, Level: 66
Activity: 0.8% Activity: 0.8% Activity: 0.8%
Last Achievements
 
Join Date: Oct 2010
Location: Silver Springs NV
Posts: 1,833
The US is not headed into a major financial problem, its already here. We have borrowed and owe so much money we won't be able to pay off just the interest on it. We will go into default. And printing more money is only going to devalue our money more and cause massive inflation, thats happening right now. Whats going to happen when other country's stop accepting US dollars for payment?
__________________
Nevada, The last free place in this country.
Jeff F is offline   Reply With Quote
Old 04-11-2012, 12:48   #8
Full Member
Points: 2,306, Level: 29 Points: 2,306, Level: 29 Points: 2,306, Level: 29
Activity: 0% Activity: 0% Activity: 0%
Last Achievements
 
Mosinka's Avatar
 
Join Date: Jan 2012
Location: Lexington, KY
Posts: 161
Originally Posted by Kevin View Post
The US is headed into a major financial problem, a problem that printing more money and lowering the interest rates will not be able to fix.

There is only X amount of money that can be printed before inflation kicks in.

Interest rates can only be lowered to a certain points before making loans is no longer profitable.

The US government allows the federal reserve to print money out of thin air, and for what? To give the money to the banks?

Sooner or later the government is going to have to stop spending, and when they do there is going to be a serious backlash. Where does the government cut spending at? All of the established programs will have profound effects on the economy.

Do you cut food stamps?
Do you cut military spending?
Do you cut NASA?
Do you cut medicare?
Do you cut medicaid?
Do you cut public health?
Do you cut foreign aid?

Whatever programs are cut, there is going to be some kind of backlash.
ALL of the above, much of which should be eliminated 100% and privatized. For those who do not comprehend, the spiraling costs of medical care are a direct result of government interference into an area where the average law maker has NO expertise.
Mosinka is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 06:20.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.1
All information is copyright by Perfectunion.com unless already under copyright.

This site is Gunny Approved