U.S. rating likely to be downgraded again: Merrill

magicstix · 10-23-11, 07:09 PM

Clearly this is all the Tea Party's fault for not allowing us to grow the deficit.

mookiemookie · 10-24-11, 07:27 AM

Quote:

Originally Posted by magicstix

Clearly this is all the Tea Party's fault for not allowing us to grow the deficit.

It is the fault of political extremism on both sides and an unwillingness to work together. Both sides are guilty of pandering to the most extremes of the party.

CaptainHaplo · 10-24-11, 08:12 AM

Quote:

Originally Posted by mookiemookie

It is the fault of political extremism on both sides and an unwillingness to work together. Both sides are guilty of pandering to the most extremes of the party.

Its the fault of government spending money it doesn't have.

mookiemookie · 10-24-11, 08:26 AM

Quote:

Originally Posted by CaptainHaplo

Its the fault of government spending money it doesn't have.

Quote:

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

http://www.standardandpoors.com/rati...=1245316529563

CaptainHaplo · 10-24-11, 08:32 AM

Yep - we agree mookie - the government spent too much - is spending too much - and the politicians of both sides refuse to truly address the problem.

While we may disagree on the solution - we agree its the fault of both sides that got us here.

soopaman2 · 10-24-11, 10:26 AM

Quote:

Originally Posted by CaptainHaplo

Yep - we agree mookie - the government spent too much - is spending too much - and the politicians of both sides refuse to truly address the problem.

While we may disagree on the solution - we agree its the fault of both sides that got us here.

I will third this then.

It all comes down to one thing.

Greedy and self serving government. The system is faulty, not the ideologies.

STEED · 10-24-11, 10:49 AM

Moody's has said they would have to downgrade the US if they see no improvement by the end of 2013. That was a few months back, no idea if they have changed from that point of view. As for Fitch not heard a thing from them.

http://en.wikipedia.org/wiki/List_of..._credit_rating

10-24-11, 08:32 AM	#5
CaptainHaplo Silent Hunter Join Date: Apr 2007 Posts: 4,404 Downloads: 29 Uploads: 0	Yep - we agree mookie - the government spent too much - is spending too much - and the politicians of both sides refuse to truly address the problem. While we may disagree on the solution - we agree its the fault of both sides that got us here. __________________ Good Hunting! Captain Haplo

10-24-11, 10:49 AM	#7
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Moody's has said they would have to downgrade the US if they see no improvement by the end of 2013. That was a few months back, no idea if they have changed from that point of view. As for Fitch not heard a thing from them. http://en.wikipedia.org/wiki/List_of..._credit_rating __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

10-23-11, 07:09 PM	#1
magicstix Captain Join Date: Aug 2011 Location: Nuclear submarine under the North Pole Posts: 482 Downloads: 1 Uploads: 0	Clearly this is all the Tea Party's fault for not allowing us to grow the deficit.