U.S. credit rating downgraded again!

How could we possibly be surprised that our credit rating has been lowered? It could get worse. Spending is out of control by the public and the government. But I think at this time consumer debt has dropped some. People are waking up to the reality that they can't pay their bills and can't spend their way out of debt. No if only our government will realize it and stop borrowing money from China! Cut government spending now!!!
 
USA credit rating downgraded again on Obama's watch.....not funny.
America needs to get Obama back to Chicago ASAP.
 
USA credit rating downgraded again on Obama's watch.....not funny.
America needs to get Obama back to Chicago ASAP.

That's your wish.

I don't blame on Obama for downgrade the credit rating. :lol:
 

sssssshhhhhh. lol you have better things to do than to quibble with these buffoons :cool2:

let them gossip around like a bunch of japanese schoolgirls. I smell fffeeeeaaaaaaarrrr. :lol:
 
sssssshhhhhh. lol you have better things to do than to quibble with these buffoons :cool2:

let them gossip around like a bunch of japanese schoolgirls. I smell fffeeeeaaaaaaarrrr. :lol:

Okay, okay, man. :cool2:
 
The 111th Congress (Jan 2009 to November 2010 - see http://en.wikipedia.org/wiki/111th_United_States_Congress on members count) there were more Democrats than Republicans in both the House of Representatives and the Senate. In the House of Representatives Democrats had about a 59% majority while Republicans made up 41%. In the Senate you had a 56% majority who were Democrats while 42% of the members were Republicans. Plus they had an advantage of having a Democrat President when it comes to passing bills in both the House of Representatives and Senate for two years.

Those are the actual facts...not opinions. Be sure to understand that. Otherwise you'd be making a fool of yourselves.
 
The 111th Congress (Jan 2009 to November 2010 - see 111th United States Congress - Wikipedia, the free encyclopedia on members count) there were more Democrats than Republicans in both the House of Representatives and the Senate. In the House of Representatives Democrats had about a 59% majority while Republicans made up 41%. In the Senate you had a 56% majority who were Democrats while 42% of the members were Republicans. Plus they had an advantage of having a Democrat President when it comes to passing bills in both the House of Representatives and Senate for two years.

Those are the actual facts...not opinions. Be sure to understand that. Otherwise you'd be making a fool of yourselves.

For a simpler version....
The One Hundred Eleventh Congress — Infoplease.com
 
http://www.nytimes.com/2012/04/09/opinion/krugman-the-gullible-center.html
So, can we talk about the Paul Ryan phenomenon?

And yes, I mean the phenomenon, not the man. Mr. Ryan, the chairman of the House Budget Committee and the principal author of the last two Congressional Republican budget proposals, isn’t especially interesting. He’s a garden-variety modern G.O.P. extremist, an Ayn Rand devotee who believes that the answer to all problems is to cut taxes on the rich and slash benefits for the poor and middle class.

No, what’s interesting is the cult that has grown up around Mr. Ryan — and in particular the way self-proclaimed centrists elevated him into an icon of fiscal responsibility, and even now can’t seem to let go of their fantasy.

The Ryan cult was very much on display last week, after President Obama said the obvious: the latest Republican budget proposal, a proposal that Mitt Romney has avidly embraced, is a “Trojan horse” — that is, it is essentially a fraud. “Disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country.”

The reaction from many commentators was a howl of outrage. The president was being rude; he was being partisan; he was being a big meanie. Yet what he said about the Ryan proposal was completely accurate.

Actually, there are many problems with that proposal. But you can get the gist if you understand two numbers: $4.6 trillion and 14 million.

Of these, $4.6 trillion is the revenue cost over the next decade of the tax cuts embodied in the plan, as estimated by the nonpartisan Tax Policy Center. These cuts — which are, by the way, cuts over and above those involved in making the Bush tax cuts permanent — would disproportionately benefit the wealthy, with the average member of the top 1 percent receiving a tax break of $238,000 a year.

Mr. Ryan insists that despite these tax cuts his proposal is “revenue neutral,” that he would make up for the lost revenue by closing loopholes. But he has refused to specify a single loophole he would close. And if we assess the proposal without his secret (and probably nonexistent) plan to raise revenue, it turns out to involve running bigger deficits than we would run under the Obama administration’s proposals.

Meanwhile, 14 million is a minimum estimate of the number of Americans who would lose health insurance under Mr. Ryan’s proposed cuts in Medicaid; estimates by the Urban Institute actually put the number at between 14 million and 27 million.

So the proposal is exactly as President Obama described it: a proposal to deny health care (and many other essentials) to millions of Americans, while lavishing tax cuts on corporations and the wealthy — all while failing to reduce the budget deficit, unless you believe in Mr. Ryan’s secret revenue sauce. So why are centrists rising to Mr. Ryan’s defense?

Well, ask yourself the following: What does it mean to be a centrist, anyway?

It could mean supporting politicians who actually are relatively nonideological, who are willing, for example, to seek Democratic support for health reforms originally devised by Republicans, to support deficit-reduction plans that rely on both spending cuts and revenue increases. And by that standard, centrists should be lavishing praise on the leading politician who best fits that description — a fellow named Barack Obama.

But the “centrists” who weigh in on policy debates are playing a different game. Their self-image, and to a large extent their professional selling point, depends on posing as high-minded types standing between the partisan extremes, bringing together reasonable people from both parties — even if these reasonable people don’t actually exist. And this leaves them unable either to admit how moderate Mr. Obama is or to acknowledge the more or less universal extremism of his opponents on the right.

Enter Mr. Ryan, an ordinary G.O.P. extremist, but a mild-mannered one. The “centrists” needed to pretend that there are reasonable Republicans, so they nominated him for the role, crediting him with virtues he has never shown any sign of possessing. Indeed, back in 2010 Mr. Ryan, who has never once produced a credible deficit-reduction plan, received an award for fiscal responsibility from a committee representing several prominent centrist organizations.

So you can see the problem these commentators face. To admit that the president’s critique is right would be to admit that they were snookered by Mr. Ryan, who is the same as he ever was. More than that, it would call into question their whole centrist shtick — for the moral of my story is that Mr. Ryan isn’t the only emperor who turns out, on closer examination, to be naked.

Hence the howls of outrage, and the attacks on the president for being “partisan.” For that is what people in Washington say when they want to shout down someone who is telling the truth.
 
http://www.nytimes.com/2012/04/09/opinion/taking-credit-where-none-is-due.html?_r=1
As Friday’s jobless numbers showed, the economic recovery has been listless and fragile, but its upward trajectory has been clear enough that Republicans have been forced to acknowledge it. To avoid giving President Obama the slightest bit of credit for the improvement, however, they have come up with increasingly convoluted explanations that have little relationship to reality.

Mitt Romney, for instance, has said that the American people revived the economy while Mr. Obama made it worse. And last month he said it was President George W. Bush, not Mr. Obama, who saved the economy by bailing out the financial firms that caused the recession on his watch. He seems to have trouble sticking to one nonsensical explanation at a time.

The prize for the most ridiculous spin, however, has to go to a group of freshman House Republicans who say that they are the ones who lowered the unemployment rate and began to restore stability. “If anybody’s going to get a pat on the back for [lower] unemployment and the better economy, it’s House Republicans,” Jeff Landry, a freshman from Louisiana, told The Hill recently.

Bear in mind that House Republicans opposed the stimulus bill, which did more than any other piece of legislation to reduce joblessness. Many continue to denounce the government bailout of the auto industry, which has restored it to strength and is responsible for saving more than a million jobs. And they oppose the very regulations designed to keep a similar recession from recurring.

Recall, as well, that this group of antigovernment lawmakers also created a debt-ceiling crisis that nearly drove the federal government into a ruinous default. They tried to kill the payroll tax cut for the middle class. And they succeeded in many of their demands for big cuts in spending on domestic programs, state aid and unemployment insurance that are siphoning fuel from the nation’s engine.

House Republicans haven’t been responsible for a single bill that has had a positive impact on the economy. But they want to take credit for the recovery, arguing that they stopped the Democrats from taking actions like raising taxes on the very rich. “In many ways our greatest success is the things we’ve stopped,” said David Schweikert, an Arizona freshman.

The public is unlikely to be persuaded by these absurd boasts. It’s hard to see how these lawmakers will explain to voters that they are responsible for a recovery they have worked so hard to block.
 
We had budget in past but not anymore.

I still don't blame on democrat and Obama to have no budget at all. - strongly liberal loyalist ;)

Foxrac,

When you're not part of the solution then you are part of the problem my friend.
 
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