Thread: AAA Downgrade = Osama Bin Laden's revenge from the grave

Originally Posted by 1080Rider

the downgrade came because its clear that this president doesn't have a fucking clue how to run the country.

But, keep blaming everything on bush and the tea party, that'll restore jobs and get the country on the right track

Obama offered a balanced approach to the debt that S&P recommends. Who shot that down?

Originally Posted by 4matic

Obama offered a balanced approach to the debt that S&P recommends. Who shot that down?

s&p recommended at least 4T in cuts. can you tell me what the 4T in cuts were in this "obama plan"?

Originally Posted by ilikecandy

s&p recommended at least 4T in cuts. can you tell me what the 4T in cuts were in this "obama plan"?

A revenue raise.

Originally Posted by 4matic

A revenue raise.

thats not a spending cut

so far youre about 4T short of what S&P recommended, nice try though

meanwhile,

http://www.redstate.com/california_y...l-tax-revenue/

S&P called for a bipartisan, "$4 trillion target long-term deficit reduction plan."

“The $4 trillion, depending on whether it’s front-loaded or back-loaded, won’t do the trick in terms of stabilizing the US debt/GDP ratio,” he said, “but it takes you far along, and a grand bargain of that nature would signal the seriousness of policy makers.

“$4 trillion would be a good down payment,” he added. “We thought that if policy makers could deliver the goods, it would be a very strong sign.”

“You need an amount [of reduction] that will move the needle, and you need bipartisan support so you don’t think it will be undone.”

Originally Posted by Triage

S&P called for a bipartisan, "$4 trillion target long-term deficit reduction plan."

“The $4 trillion, depending on whether it’s front-loaded or back-loaded, won’t do the trick in terms of stabilizing the US debt/GDP ratio,” he said, “but it takes you far along, and a grand bargain of that nature would signal the seriousness of policy makers.

“$4 trillion would be a good down payment,” he added. “We thought that if policy makers could deliver the goods, it would be a very strong sign.”

“You need an amount [of reduction] that will move the needle, and you need bipartisan support so you don’t think it will be undone.”

Thats great.

"Lawmakers agreed on Aug. 2 to raise the nation’s $14.3 trillion debt ceiling and put in place a plan to enforce $2.4 trillion in spending reductions over the next 10 years, less than the $4 trillion S&P had said it preferred"

http://www.bloomberg.com/news/2011-0...on-accord.html

But if you just want to show me, say, $2T in specific cuts in the "obama plan", i'd say that would suffice. ready.....go!