DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**Styparty** · 08-16-2011, 07:22 PM

Considering the trajectory of our spending, I agree with S&P. Their (along with other credit rating agencies) credibility was hurt bad several years ago, and now they seem willing to regain it back by stating an obvious truth despite how much it pisses off those in power: the United States is fiscally irresponsible and the ability of it to pay back all of its debt is in question.

What they really said was that Washington is too bipartisan to handle the debt.

So if taxes need to be raised, they won't, because of politics, regardless of what is needed.

If programs for the less fortunate need to be cut, they won't be, because of politics, regardless of what is needed

If drastic military cuts need to occur, they won't, because of politics. etc.

With close to 25% of the world's wealth, the problem really isn't spending. We have more than enough resources to handle these problems. We just politically choose not to.

08-16-2011, 07:22 PM	#10
Styparty Join Date Oct 2005 Posts 604 Senior Member	Considering the trajectory of our spending, I agree with S&P. Their (along with other credit rating agencies) credibility was hurt bad several years ago, and now they seem willing to regain it back by stating an obvious truth despite how much it pisses off those in power: the United States is fiscally irresponsible and the ability of it to pay back all of its debt is in question. What they really said was that Washington is too bipartisan to handle the debt. So if taxes need to be raised, they won't, because of politics, regardless of what is needed. If programs for the less fortunate need to be cut, they won't be, because of politics, regardless of what is needed If drastic military cuts need to occur, they won't, because of politics. etc. With close to 25% of the world's wealth, the problem really isn't spending. We have more than enough resources to handle these problems. We just politically choose not to.
	Quote