Completely, 100% Ostupid's fault.

No real spending cuts says to economists: The USA cannot manage it's finances, with Democrats in the Senate and White House preventing reform.

Worst President in150 years. Lucky he's a one term disaster.



This really shows how disastrous is the Affirmative Action mentality of Democrats. He was completely unqualified for any important job, but because Dems can only see skin color; the racists put this tard in the White House.

I love all the "Disappearance of the Black Middle Class" articles. You wanted an ignorant, lazy, racist child, and you got him. Enjoy that skin color, since it's all that matters to you fools.

Link (new window)

/ and AA+ is still WAY too high. With the coming currency devaluation, US Treasuries are junk bonds.

And now that Little.Alex is here, the derp just went to 11.

Tai: Cutting the Deficit and Debt:

From the mind of a bleeding heart liberal.

-Reduce our Carrier Fleet by 1/3. We don't need that many aircraft carriers. Force projection is one thing. What we have is over-kill.

-End funding for Defense Projects that are more than 36 months behind schedule. Eliminate pay-outs, and refuse to pay contract termination penalties.

-Reduce nuclear arsenal by half.

-Reduce contracts to Haliburton, Boeing, Lockheed, Raytheon, Northrup-Grumman, IBM and HP by 20%. If this costs high-income, high-specialty jobs, so be it. People need to find other jobs other than designing weapon systems to kill people. We don't need a defense department that operates with a Wartime Budget in wartime and peacetime.

-Let Iraq build on its own, charge them for any air-power and trainers and consultants we leave behind. In 20 years they'll have full oil revenues. They'll be able to pay us little by little.

-End Predator and Reaper Drone programs. Most successful program in CIA history is what they say. What they don't say is that a single Hellfire missile costs $110,000. That's a lot of money to spend on killing an Afghan or Pakistani dude carrying around an AK-47. Would you rather be under marginal threat of a terrorist attack, or have the government buy you a house? $110,000 is a lot of money.

-Complete pull-out in Afghanistan. They've had 10 years to get on their feet. We're going bankrupt, we can't afford to prop up a people that have been at war for 50 years and don't want peace.

-End all foreign aid to Pakistan

-End all foreign aid to Israel

-Reduce by 30% foreign aid to Egypt. Make it 100% infrastructure grants, 0% military aid.

-End Bush tax cuts. It was beyond stupidity to cut taxes and start two wars. It's absolutely indefensible.

-End tax breaks to crude oil companies.

-Increase costs of future of mineral rights leases on Federal Land.

-Increase taxes to the wealthiest 2% of Americans by 8%. Increase taxes to the next wealthiest 10% by 5%

-Increase Corporate Tax Rate by 12%, close tax loopholes for corporations and provide stricter regulation. If it discourages big business in the US, fark them. They're not hiring, they're moving jobs overseas, and charging US consumers 200% mark-up for a product manufactured in China, supported in India and sold at retail by minimum wage workers. The US does not need big business to thrive.

- For the next 30 years, reduce Social Security pay-outs by 6% and increase social security taxes by 9%. It's the only way we can save social security during the period where the baby boomers are retiring.

- Reform Medicaid nation-wide. Reduce eligibility requirements and make it based on medical need rather than income threshold. Medical need can be determined in a fashion similar to a SSI disability board.

-Leave Medicare Alone.

I just got rid of the deficit.

But you wouldn't get elected. The problem is you have to be a retarded douchebag to get elected, and retarded douchebags won't/can't do what is needed.

relcec: nd a total of 5.5 trillion deficit dollars have been pumped in so far that have been paid for by chinese treasury

Except not. Most of the public debt is owned domestically. China owns 26% of foreign held debt.

Serious question here.

Are those complaining about, "Teabagger's" feeling teabagged?

StokeyBob: Ikimasen: Raising the debt ceiling is not the same thing as borrowing money.

It does seem a good first step to set up the process.


[photos.imageevent.com image 130x155]Click to embiggen

Holy crap, my eyes. I'm gonna go read some Time Cube to calm myself down.

andrew131: bluehubcap:
I'm quite well aware how investments and the securities markets work.

I was responding to the portion of your comment "Jesus Christ, the US is still investment grade". Yes and no. Yes for some investors, no for others.

optikeye: make me some tea: So can we safely say now that "Teabagger" is the appropriate term for these assholes who farked this up?

Trust is the major thing..with the freshman teabaggers in congress. That trust is gone on the global markets.
there's no security in the USA anymore that we will do the 'right thing' to stop a meltdown. As the TBers want a melt down to take down the black guy..at any cost.

Does someone pay you two to actually spout that shiat? The "tea baggers" are actually in favor of responsible levels of govt spending...in fact they were the only ones calling for real cuts. As it is the cuts we got were only cuts int eh rate of increase...we still spent more and did not actually cut spending...we cut the proposed rate of increase...that isn't a cut.

Little.Alex:

... and AA+ is still WAY too high. With the coming currency devaluation, US Treasuries are junk bonds.

Your mom's a junk bond.

scubamage: Also, damnit. We were just approved for a 3.75% mortgage. Guess that will be going away, along with our chances of finding a decent house. Damn damn damn.

I would be a little nervous about buying property right now.

/realize that some places in the US have shiatty rental markets
//but you're in Philly, so.... just sorry

YouWinAgainGravity:
If I said I thought the Democrats are spineless pushovers more interested in being re-elected than in fixing stuff, does that help?

Aren't the Republicans doing the same thing? I mean, shiat, I actually believe that I (who knows sweet fark-all about politics and holds no political allegiance) is a more reliable voter than most of the people on forums such as Fark who read (insert slanted periodical/website) and watch (insert news-as-a-product TV station).

Compared to some of the partisan insanity I've read above, I've made more logical statements about the New York Jets and I routinely wish for their bus to fly off the GW Bridge.

Well fark my ass and call me Charlie!

bluehubcap: I was responding to the portion of your comment "Jesus Christ, the US is still investment grade". Yes and no. Yes for some investors, no for others.

You should look up what "investment grade" means in the debt markets, especially what the S&P, Moodys, and Fitch consider "investment grade".

Here, I'll make it easy for you. Link (new window)

S&P's definition for AA: Very strong capacity to meet financial commitments.

Not exactly, "ZOMG end of da world!"

YouWinAgainGravity:

If I said I thought the Democrats are spineless pushovers more interested in being re-elected than in fixing stuff, does that help?

Wait, sorry, I see what you did there now. Look, I am just kinda playing Devil's Advocate. I sincerely don't understand the rah-rah attitude of supporting one political group when we all goddamn well know it is like a WWE show; once the curtains are down, it's handshakes and martinis together as one.

Maybe I am just as naive and stupid as I sound.

MurphyMurphy:
dude, you have to at least try

subtlety.

pretend trolling is like getting laid. you don't just attack the clitoris with a sledge hammer, you work your way to it, foreplay. once you get there you warm up to it, a flick here, a brush there

Nice cut on that jib.

Pumpernickel bread: HeartBurnKid: FishInABowl: make me some tea: Not surprising.

So can we safely say now that "Teabagger" is the appropriate term for these assholes who farked this up?

Probably stumbling into troll bait but the criticisms of S&P, and the reason for the downgrade, is that the deficit deal didn't do enough to address entitlements, which is exactly what the tea party was trying to reform. Democrats blocked those changes.

That was only part of it. The rest was that we did not address revenue generation and the sheer difficulty of getting the debt ceiling raised.

In other words, still mostly the Republicans.

And they're already gearing up the attack ads against Obama for offering Social Security and Medicare cuts at all. That should tell you just how serious they were in the first place. All they really wanted was political ammo, one way or another.

Exactly, and S&P explicitly stated that in their downgrade. I spent most of my life as a Republican, but I can't help but think this is what the fringe right wanted all along, because in the end, they know the president will ultimately be blamed for this and I think a lot of them would rather see the country burn to the ground than see a black man succeed as POTUS.

not sure how you can blame the teabaggers for revenue generation. it was in the democrats hands last year. we had the same dire predictions of massive deficits for for the rest of the decade. the same doubling of the naitonal debt was predicited then as is now.
the democrats could simply let the tax cuts expire like they had been promising forever. there was literally nothing that the republicans could have done, nothing to even be filibustered.
that was the whole point of having those sunset provisions in those reconciliations bills.

but obama promised he would cut taxes for 98% of Americans or at least not raise them (jeez, just the whole farking country about, how are we ever going to get revenue generation when 98% of everyone in america can't be touched?), so we got tax cuts, again, after democrats spent a solid farking decade biatching about them. so the democrats had that revenue generation in their hands. the hated bush tax cuts you should never pass during 2, sorry, 3 wars now. and they passed them again, to get reelected. so sorry if I'm not gonna blame this all on the baggers.

LawrencePerson: make me some tea: Not surprising.

So can we safely say now that "Teabagger" Obama is the appropriate term for these assholes who farked this up?

FTFY.

"Just a couple of years in that big house in Washington and you and your spendthrift colleagues have managed to blight the most productive economy the world has ever seen. Thank you Mr. President!

Democrats own the downgrade. They fought Republicans and Tea Party supporters every step of they way, and forced a deal which was insufficient. They played class warfare and race politics against arguments that we needed to drastically change our spending habits.

"Treasury Secretary Tim Geithner said Tuesday there is 'no risk' the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to negative.'" -April 19, 2011

This is the results of the spending policies Obama implemented.

[www.thegreatilluminator.com image 400x484]

Oh the Clinton era just gives me an erection....

lecavalier: Wait, sorry, I see what you did there now. Look, I am just kinda playing Devil's Advocate. I sincerely don't understand the rah-rah attitude of supporting one political group when we all goddamn well know it is like a WWE show; once the curtains are down, it's handshakes and martinis together as one.

Maybe I am just as naive and stupid as I sound.

There's a reason Congress has historically-low approval ratings, because the partisan bickering and scurrying for political ammo for election campaigns has taken priority above everything else. Still, amongst all that, there's one group that's really standing out with their hard-line insanity. Pointing that out doesn't mean the "other side" is good or doing everything right.

bluehubcap: andrew131: bluehubcap:
I'm quite well aware how investments and the securities markets work.

I was responding to the portion of your comment "Jesus Christ, the US is still investment grade". Yes and no. Yes for some investors, no for others.

The real question is will bond markets move at all on this. I don't think they will, they haven't everytime the ratings agencies have moved their outlooks to negative, and we all know that these agencies have been catastrophically wrong before, so confidence isn't so high in them. Too many people and countries have too much invested in the greenback, especially right now, for a massive selloff. If interest rates spike, we'll know I was wrong.

I'm becoming a super villain.

Little.Alex: Completely, 100% Ostupid's fault.

No real spending cuts says to economists: The USA cannot manage it's finances, with Democrats in the Senate and White House preventing reform.

Worst President in150 years. Lucky he's a one term disaster.

[2.bp.blogspot.com image 248x320]

This really shows how disastrous is the Affirmative Action mentality of Democrats. He was completely unqualified for any important job, but because Dems can only see skin color; the racists put this tard in the White House.

I love all the "Disappearance of the Black Middle Class" articles. You wanted an ignorant, lazy, racist child, and you got him. Enjoy that skin color, since it's all that matters to you fools.

Link (new window)

/ and AA+ is still WAY too high. With the coming currency devaluation, US Treasuries are junk bonds.

Are you going to literally explode when he gets re-elected? Because he will be.

andrew131: bluehubcap: I was responding to the portion of your comment "Jesus Christ, the US is still investment grade". Yes and no. Yes for some investors, no for others.

You should look up what "investment grade" means in the debt markets, especially what the S&P, Moodys, and Fitch consider "investment grade".

Here, I'll make it easy for you. Link (new window)

S&P's definition for AA: Very strong capacity to meet financial commitments.

Not exactly, "ZOMG end of da world!"

Are you usually so offensive, or is tonight a special occasion?

I wasn't attacking you, merely responding to your statement (which I found obnoxiously stated, but I digress). If you don't like people disagreeing with or opining on your comments, then don't post them. M'kay?

YouWinAgainGravity: And now that Little.Alex is here, the derp just went to 11.

why? ignore list him and done. the thread just instantly became less derp. etc.

IronTom: Phil Moskowitz: You stupid pricks will be dumping bullshiat propaganda onto fark until they come to repossess your computer. Goddamn zombie drones.

don't know which side you're talking about :)

It no longer matters.

Both parties are to blame. Politicians do not have your best interests at heart. The ideological differences between the parties are inconsequential when compared to their mutual obsession with spending your money. If you believe otherwise, you might as well move to Candyland where the government runs on M&Ms and chocolate unicorns.

Blaming just the Tea Party or Obama for this is bat-spit retarded. Everyone saw this coming. Helen Keller could have seen this coming.

My household has a budget. I am a teacher (shocking, I know, a teacher who is not a fire-breathing unionized liberal) and my income has not changed in five years. When my husband decided to go back to college, we made certain austerity cuts to do it with as little debt as possible. Was it fun to cut cable? No, but we did it. Was it fun to cut back on discretionary spending so we don't get jackhammered by future loan paybacks? No, but we did it.

We do not even hold our government to the standard of a moderately successful middle class household. Yes, my taxes help pay for important infrastructure, and I don't begrudge that money, but I am also paying taxes to support the eight children by six fathers of welfare queens who don't pay a thin dime into the system. Before the government asks for more money to continue their spending addiction, they need to examine entitlements, overspending, and government waste.

I've wandered far enough off topic, but I have to admit I'm expecting a melt-down at some point. Because at some point, the people who are actually paying taxes are going to get sick of feeding a bloated, obese, and apathetic system comprised disproportionately of parasites. Meanwhile insanely rich corporate fat-cats are exploiting every damn loophole in the book and we have a tax code so convoluted that the IRS doesn't even begin to understand.

I would say I really do want our government to fail and I want things to come crashing down, but I'm sure that's just bitterness, irritation, and insomnia talking.

/Rant over
//If you aren't mad, you aren't paying attention.
///If you're blaming the Tea Party or Obama, you aren't paying attention.

Seriously, I laugh at the majority of Americans. We have to understand that the majority speaking does not make it happen. If the majority of Americans want tax raised, they are clueless and being manipulated. I sometimes believe it's not Washington out of touch, it's America that is out of touch.

The Republicans stand behind their mandates and won. I congratulate them. They didn't stand down and kept their promises even if this destroyed something, you have to be brave to stand to your beliefs. S&P is basically doing this to attack the Republican Party, they are a puppet to the liberal agenda in this country. The United States has the best credit rating in the world.

Cry_Blue_Murder: We do not even hold our government to the standard of a moderately successful middle class household.

Probably because an economy cannot be compared to a household budget of any size.

LOL Helen Keller could have seen this coming....

I really don't know where I was going with that metaphor.

I guess it flowed better than Ray Charles....

/insomnia ftw

And, just like Dubya, the Republicans kill the economy.

Because they are all retarded bigots hellbent on self-destruction.

That's all that really needs to be said here.

LawrencePerson: This is the results of the spending policies Obama implemented.

You're posting bullshiat from the Heritage Foundation. No wonder you're so confused... you actually believe those asshats are being honest.

Funk Brothers: If the majority of Americans want tax raised, they are clueless and being manipulate

Do you know, how I know you don't know anything about economics?

alltandubh: Kumana Wanalaia: LawrencePerson: [img156.imageshack.us image 509x376]

This, me fellow Americans, is what conservatism has become in our nation. Racism and hypocrisy wrapped in lies.

What lie?

Obama didn't add 10 billion to the deficit.

Lawrence here is what you should think of when you pull the lever in the voting booth. A lying douchebag who can't stand the fact that a black man can be a good president.

He never mentioned anything about Obama's race...

Right... he and the rest of you assf*ckers are willing to see the country burn because... well, you don't have a good reason, but you REALLY REALLY HATE Obama and will make up lies about him, but it's not because you're racist.

ALL YOU HAVE IS LIES, F*CKERS

And you can DENY it until you're blue in the face, and echo the lies you feed yourselves on, but in the end your party is broken, and everyone knows you're a bunch of racist assholes who sold out the country to try to give Obama a shiner.

Good luck with that.

what I learned from this thread:

get the government (because I'm too effete / I own multiple cats) to kill Republicans and anyone that opposes limitless spending for mouth breathing slum votes.

/taxes should have been raised, spending should have been cut

struct: bluehubcap: andrew131: bluehubcap:
I'm quite well aware how investments and the securities markets work.

I was responding to the portion of your comment "Jesus Christ, the US is still investment grade". Yes and no. Yes for some investors, no for others.

The real question is will bond markets move at all on this. I don't think they will, they haven't everytime the ratings agencies have moved their outlooks to negative, and we all know that these agencies have been catastrophically wrong before, so confidence isn't so high in them. Too many people and countries have too much invested in the greenback, especially right now, for a massive selloff. If interest rates spike, we'll know I was wrong.

I guess my thoughts were that if there was a big selloff (because there would have to be for some wholesale investors), that sudden dip may be enough to cause a panic.