[ArrereGarhync]

Exactly.. We kept it up till we have a giant debt.

When creditors are concerned that we can't pay, they want higher interest rates as a consequence..

This translates to wasted money and higher costs for consumer borrowing.

It's just bad all the way around.

And we can't even pay the interest as it is. LOL
This is a train wreck waiting to happen. This can only end with us turning into Zimbabwe, at war with China and it's allies or both.

[Guloqkcm]

And we can't even pay the interest as it is. LOL
This is a train wreck waiting to happen. This can only end with us turning into Zimbabwe, at war with China and it's allies or both.

It's a fucking mess, for sure.. The founders would laugh their asses off at our stupidity.

Oh, and the libs.. NOW they're mad at Standard & Poor's..

Because this is THEIR FAULT, doncha know!

[!!Aaroncheg]

Personally, I'm GLAD we got this downgrade..

Heaven forbid this insanity continue unabated.. They were making noise about another "stimulus" program.

[Piemonedmow]

No.. Sadly, they're just evil.

Not stupid.

Their liberal foot soldiers.. THEY ARE STUPID.

But the guys in charge are just evil people.

then wtf are they doing in office?!

and WHEN are people going to wake up from their slumber? when the riots hit home? when the welfare gets cut off? when people start dying more frequently?

[Gaiaakgyyyg]

Personally, I'm GLAD we got this downgrade..

Heaven forbid this insanity continue unabated.. They were making noise about another "stimulus" program.

I'm glad it happened too. I doubt it will really make any difference, but at least it's a shot across the bow.

[Vokbeelllicky]

then wtf are they doing in office?!

They've sort of ensconced themselves there. The "two party" " system" helps keep them there.. Along with their acolyte/buttfucks in the press.

and WHEN are people going to wake up from their slumber? when the riots hit home? when the welfare gets cut off? when people start dying more frequently? I think they're starting too.. Losing their homes and retirement savings got a lot of attention.

[easypokergonj]

I'm glad it happened too. I doubt it will really make any difference, but at least it's a shot across the bow.

Yeah, any talk of spending will be met with: "You wanna do WHAT?"

OTOH, perhaps I'm being overly optimistic.

[sharpyure]

They've sort of ensconced themselves there. The "two party" " system" helps keep them there.. Along with their acolyte/buttfucks in the press.



I think they're starting too.. Losing their homes and retirement savings got a lot of attention.

the retirement savings....that happened once already. people lost everything.

[7HlBQS8j]

To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a "credible" plan to tackle the nation's long-term debt.



S&P is being dishonest here. By raising the debt ceiling to another astronomical level, the US government has jeopardized its bond rating which means less foreign investment and a greater likelihood that another round of "quantitative easing" ie...monetizing the debt with QE3, will result.
A lower bond rating means possibly higher interest rates on the outstanding debt and less for domestic spending.
We are entering the dark territory of debt virus.

Someone is springing a trap.

[VIDEOHITE]

and a greater likelihood that another round of "quantitative easing" ie...monetizing the debt with QE3, will result.
They wouldn't dare..

Right? Anybody?

[mnhloot]

uh....... wut?

[NumStulpata]

The S&P is implying that threatening to not raise the debt ceiling was a reason for the down-grade, but it down-grades after a debt ceiling increase. Pure bullshit.

[JohnMaltczevitch]

lala.. you like my new sig?

[PersonalLoansBank]

i love it! its all about lala!

[dogdesign]

i love it! its all about lala!

And how ignorant you are.

[Ayyfjicg]

on some things we all are, ignoramus.

want trouble? no problem.

[KJnbceja]

I there a night I am not under the influence?

are you ignorant in proper grammar, you fat, sloppy, drunk, posting pig mexican?

[secondmortgages]

I would beat your nigger ass matt moore. Fuck you puss.y

WTF IS THAT?

[downtowndude]

Come on by. Show your piussy face.

and that? WTF? ignorant shitface.