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(Talking Points Memo)   One of the factors in S&P's downgrade of US debt? GOP leaders suggesting a default wouldn't be "a big deal"   (tpmdc.talkingpointsmemo.com) divider line 113
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2140 clicks; posted to Politics » on 12 Aug 2011 at 5:27 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-08-12 02:49:35 PM  
It's that for a period of weeks, some lawmakers (read: Republicans) were quite literally shrugging off the risks of blowing past the August 2 deadline, running out of borrowing authority, and missing payment obligations.

not that the idiot tea party members who did this will own up to their asshattery. you can rub their noses in the truth and they'll just look at you with those big dumb doggie eyes and start barking at you again.
 
2011-08-12 02:53:54 PM  
If someone says that paying you back is really kind of not that important to them, and in fact they'd be happy to be late doing so, are YOU gonna loan them money?
 
2011-08-12 02:59:01 PM  
Also, this headline could read:

One of the factors in S&P's getting investigated for impropriety? Daring to suggest the GOP's reckless strategies had something to do with it.
 
2011-08-12 03:00:03 PM  

unlikely: If someone says that paying you back is really kind of not that important to them, and in fact they'd be happy to be late doing so, are YOU gonna loan them money?


I'd like to buy your rock.
 
2011-08-12 03:12:59 PM  

Weaver95: It's that for a period of weeks, some lawmakers (read: Republicans) were quite literally shrugging off the risks of blowing past the August 2 deadline, running out of borrowing authority, and missing payment obligations.

not that the idiot tea party members who did this will own up to their asshattery. you can rub their noses in the truth and they'll just look at you with those big dumb doggie eyes and start barking at you again.


Which, like any doggie that won't learn, you chop off their nuts and lock them in a cage yelling "Shut up, Dammit! We have guests!" until they get the point.
 
2011-08-12 03:28:20 PM  
but 0bama was the one that said default.....
 
2011-08-12 03:31:10 PM  

SouthernManDunWrong: but 0bama was the one that said default.....


If you insist on threadshiatting, at least tell the truth.
 
2011-08-12 03:32:09 PM  

SouthernManDunWrong: but 0bama was the one that said default.....


sorry dude - but nobody's buying that lie. you can keep pushing that talking point if you'd like, but the story is out - this was the tea party downgrade and everyone knows it.
 
2011-08-12 03:33:14 PM  
SouthernManDunWrong but 0bama was the one that said default.....


Obama: "Default would be reckless, irresponsible"

Yeah, and the bible say god doesn't exist.

"There is no God..."
Psalms 14:1
 
2011-08-12 03:34:21 PM  
I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.
 
2011-08-12 03:36:39 PM  

I_C_Weener: I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.


oh i'm sure the Republicans will do their level best to destroy them.
 
2011-08-12 03:48:10 PM  

Weaver95: I_C_Weener: I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.

oh i'm sure the Republicans will do their level best to destroy them.


Moody's is ok with the US. But even so, neither of these groups get paid to rate sovereign debt. Its just, like their opinion man.

I always learn a lot after the outrage news cycle passes.
 
2011-08-12 03:48:15 PM  

I_C_Weener: I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.


Why they still have a reputation to tarnish is beyond me.
 
2011-08-12 03:56:23 PM  
Told ya so. It's the teabaggers own damn fault. And Boehner said "I got 98% of what I wanted", so you own this, dickweeds.
 
2011-08-12 04:05:51 PM  
The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.
 
2011-08-12 04:10:28 PM  

SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control


How, exactly, would it do this?
 
2011-08-12 04:17:27 PM  
The Obvious tag looked at the headline, and said "I'm not even needed here! It's too bloody Obvious!"
 
2011-08-12 04:20:38 PM  

cameroncrazy1984: SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control

How, exactly, would it do this?


magical unicorn powers, that's how!

I love how its suddenly 'Obama's spending crisis'. the tea party crapped in the middle of the room in full view of everyone then tried to say Obama did it. I wonder...do the shills realize how pathetic their attempts to control their little world really are?

2.bp.blogspot.com

i'm just trying to show the schemers how wrong they are.
 
2011-08-12 04:21:37 PM  

SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.


Here is a man standing in the middle of a river shouting "RUN THE OTHER WAY".
 
2011-08-12 04:28:09 PM  
Thanks, Brian. I have a little to add to my list now.
 
2011-08-12 04:53:34 PM  

SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.


I held this guy hostage once...he got away, and I shot a lot of innocent bystanders trying to kill him as he ran. Those deaths are on his head.
 
2011-08-12 05:02:57 PM  
wow. this thread is being....watched.
 
2011-08-12 05:03:05 PM  

vartian: SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.

I held this guy hostage once...he got away, and I shot a lot of innocent bystanders trying to kill him as he ran. Those deaths are on his head.


well i think if we all learned anything here, it's that we need to give you more guns.
 
2011-08-12 05:17:26 PM  

Weaver95: wow. this thread is being....watched.


Who watches the modmin?

I expect some weapons-grade derp coming along shortly.

There aren't nearly enough posts in the greenlit threads today.
 
2011-08-12 05:18:39 PM  

SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.


Can you cite the evidence proving your claimed outcome of Cut, Cap, and Balance?

Thank you.
 
ZAZ [TotalFark]
2011-08-12 05:18:50 PM  
Another of the factors: Obama administration's threat to default for political gain even though there was enough revenue to continue debt service past the artificial deadline.
 
2011-08-12 05:29:01 PM  
S&P reveals liberal agenda
 
2011-08-12 05:31:23 PM  
You know, How stable is our economic system really where "somebody said mean things" can have a major let alone any sort of impact on the markets.
 
2011-08-12 05:36:20 PM  
i1228.photobucket.com
"You're welcome, peasants."
 
2011-08-12 05:36:30 PM  

SkinnyHead: The house passed Cut,Cap & Balance which would have brought Obama's spending crisis under control, and would have kept the US from both downgrade and default. Democrats blocked the plan in the senate and President Downgrade threatened a veto. They are the ideologues who put their own strident liberalism over the good of the country. They are the ones responsible for the downgrade.



a piece of political theater masquerading as legislation that they KNEW had no chance of passing so they would have talking points for the 2012 campaign season. If they truly WANTED CC&B they would have done what US politicians have always done - worked to find the absolute least amount they have to give the opposition party in exchange to get it to pass.

Some call writing and voting for doomed legislation "symbolic." I call it a "colossal waste of time and resources."
 
2011-08-12 05:37:35 PM  

Warlordtrooper: You know, How stable is our economic system really where "somebody said mean things" can have a major let alone any sort of impact on the markets.


I do wish stockbrokers all act like President Madagascar.
 
2011-08-12 05:38:17 PM  
That's right: it was a Tea Party downgrade.
 
2011-08-12 05:39:09 PM  

Weaver95: ... you can rub their noses in the truth and they'll just look at you with those big dumb doggie eyes and start barking at you again.


I have a litter of eleven 6 week old GSD's; they are not as stupid as the average 'bagger.
 
2011-08-12 05:39:46 PM  
or it could be that we have a debt we have no way or intention of paying.
 
2011-08-12 05:39:48 PM  

ZAZ: Another of the factors: Obama administration's threat to default for political gain even though there was enough revenue to continue debt service past the artificial deadline.


You're supposed to stop inserting the Q-tip once you feel pressure.
 
2011-08-12 05:39:51 PM  
List of People Conspiring Against the GOP, and therefor, America
(LOPCATGOPATA for short):
Liberals
Democrats
Socialists
Geologists
Biologists
Meteorologists
Atheists
Muslims
Jews
ABC
NBC
CNN
CBS
PBS
All of cable except FNC
The New York Times
The LA Times
The Washington Post
The Associated Press
Reuters
BBC
The Guardian
Black People
Mexicans
Human Rights Activists
SCOTUS
Europe
Movie Industry
Television Industry
Environmentalists
ACLU
The United Nations
Labor Unions
Colleges
Teachers
Professors
ACORN
National Endowment for the Arts
Gays
Judges
NPR
Paleontologists
Astrophysicists
Museums (*except Creationism Museum)
WHO
WTO
Inflated tires
The Honolulu Advertiser
The Star Bulletin
Teletubbies
Sponge Bob and Patrick
Nobel Prize Committee
US Census Bureau
Fiscally Sound Republicans
Bumble Bees
Standards and Poors

/I admit there may be a more current version out there...
 
2011-08-12 05:42:35 PM  
So everybody pretty much agrees: Tea Party downgrade.
 
2011-08-12 05:42:53 PM  

SkinnyHead: Obama's spending crisis


Jesus christ, elchip... it's Friday afternoon. Give it a farking rest.

/it's happy hour
//name yer poison, son
 
2011-08-12 05:42:54 PM  

Warlordtrooper: You know, How stable is our economic system really where "somebody said mean things" can have a major let alone any sort of impact on the markets.


Public promises to make the government default, well, that could make someone think they're not getting paid.
 
2011-08-12 05:42:55 PM  

Warlordtrooper: You know, How stable is our economic system really where "somebody said mean things" can have a major let alone any sort of impact on the markets.


Hyperbole much? It's not "anyone", its a legislator who is also a member of a substantial faction in the party that is directly in charge of the budget.

Republicans control the House. House controls the budget. Republicans in the House say, "Default is no big deal," and it matters. It matters a lot.
 
2011-08-12 05:43:14 PM  

YoungSwedishBlonde: So everybody pretty much agrees: Tea Party downgrade.


yup. And I believe the polls also reflect this reality.
 
2011-08-12 05:43:33 PM  

Dan the Schman: Can you cite the evidence proving your claimed outcome of Cut, Cap, and Balance?

Thank you.


It's a Tea Party plan. Here is the donor section from their website. (new window)

It's a stupid plan that doesn't even balance the budget. Link (new window)
 
2011-08-12 05:44:38 PM  
What's the old saying?

You broke it, you buy it.

Republican's own this, and the public knows it.
 
2011-08-12 05:46:09 PM  

Weaver95: It's that for a period of weeks, some lawmakers (read: Republicans) were quite literally shrugging off the risks of blowing past the August 2 deadline, running out of borrowing authority, and missing payment obligations.

not that the idiot tea party members who did this will own up to their asshattery. you can rub their noses in the truth and they'll just look at you with those big dumb doggie eyes and start barking at you again.


heh
 
2011-08-12 05:47:33 PM  

meat0918: What's the old saying?

You broke it, you buy it.

Republican's own this, and the public knows it.



You're remembering it wrong. It goes "You broke it, point at the black guy and walk away."
 
2011-08-12 05:48:01 PM  

Weaver95: YoungSwedishBlonde: So everybody pretty much agrees: Tea Party downgrade.

yup. And I believe the polls also reflect this reality.


Off topic: how'd the interview go this morning?
 
2011-08-12 05:48:47 PM  

I_C_Weener: I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.


What really did it for me was when they downgraded Berkshire Hatheway earlier this week.
http://www.reuters.com/article/2010/02/04/us-rating-berkshire-sandp-idUSTRE6134 P 320100204 for nothing more than disagreeing with their investment decisions.
 
2011-08-12 05:48:47 PM  

Weaver95: YoungSwedishBlonde: So everybody pretty much agrees: Tea Party downgrade.

yup. And I believe the polls also reflect this reality.


Yup, looks like it (new window).

The Republicans lost their national security advantage when Obama got the Moe Greene special, and now you can play every candidate (except Huntsman!!) saying that they welcomed a default. Now if the DNC would just get a clue, and kneecap this wicked excuse for a party with great vengeance and furious anger.

cdnimg.visualizeus.com
 
2011-08-12 05:49:52 PM  

MindStalker: I_C_Weener: I get the feeling, the longer this goes, that maybe S&P hurt their own reputation as much as anything else.

What really did it for me was when they downgraded Berkshire Hatheway earlier this week.
http://www.reuters.com/article/2010/02/04/us-rating-berkshire-sandp-idUSTRE6134 P 320100204 for nothing more than disagreeing with their investment decisions.


http://www.reuters.com/article/2010/02/04/us-rating-berkshire-sandp-idUSTRE613 4P 320100204 (new window)
 
2011-08-12 05:51:07 PM  
img684.imageshack.us
 
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