***BREAKING*** S&P Officially Downgrades US Debt from AAA

***BREAKING*** S&P Officially Downgrades US Debt from AAA

So reducing the taxes on the wealthy will increase revenues then?

Loophole closing is another way to increase revenue, BTW.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

You must be joking. Looks like revenue dropped more than spending increased. And this doesn't even include the oRABetting effect of decreased state spending.



Spending increases in a recession due to automatic stabilizers, and that actually is high school level economics.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

no need to have a "great financial mind" we're in the predicament we are in now thanks to all the idiots who keep hugging outdated theories while ignoring real life.

this is simple common sense shit with out any political agendas or ties to the outcome.


You can't spend more than you take in without creating a debt. When you increase spending while revenues are decreasing, you are burying yourself. You can't spend your way out of it as some of the retarded economic theories still claim.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

I wouldnt be surprised if we start seeing our massive defense budget start coming into play in the next few years. We dont have the money but we still have the guns
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

Doesn't take a 5th grader to understand that if you bring in more revenues that deficit shrinks.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

Probably not going to have much of an impact in Treasury markets - US dollars and debt is still one of the safest/most liquid instruments out there.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

sorry that's too "over your head" for you.


our spending went ballistic when revenues dropped
no money coming in? hell let's just spend more then.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

by their own definition at s&p:


regardless if they fudged the nurabers, do you really think the US deserves the AAA?
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

That may be so, but for someone who campaigned on not being able to afford 4 more years of the last 8 years...his administration should have known better, along with Reid and Pelosi. This was the straw that broke the camels back.
 
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