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Would the Bill "Cut, Cap and Balance" have Prevented the Downgrading of the USA's Credit Rating with Standard and Poors?!

Andrew 2011/08/10 12:37:43
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According to John Chambers, the USA credit downgrade could have been prevented had the Congress agreed to 4 Trillion in cuts over the next ten years. All our lawmakers could agree too was between 2.1 trillion to 2.4 trillion!

Quote from John Chambers: "The rating was motivated by a number of factors, one was the political gridlock in Washington, which makes us think it is going to be difficult for elected officials to put the fiscal profile of the U.S. Government on a long term sustainable path. And part of it was because of the fiscal path itself--- debt-to-GDP at the all-in level, the states and local governments and the federal governments in that of liquid assets is about 75% of GDP. And that's going to trend up over the next decade unless we get additional fiscal measures than what we got on the table now."

As I read this quote, I see that had we come up with $4 trillion instead of $2.4 trillion we would have portrayed meaningful deficit reduction intentions. Obviously, Cut. Cap and Balance would have been even better!

Additionally, I see that Mr. Chambers and the S&P; are not confident that we will get our political act together! I see here a light at the end of the tunnel, my friends. How do we break the gridlock in Washington and regain our fiscal sanity and with it, our credit rating? IT IS CALLED the ELECTIONS of NOVEMBER 2012! The choice and the Nations fiscal sanity are in OUR HANDS!
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  • Teancum79 2011/08/10 14:13:29
    Yes, "Cut, Cap and Balance could have preserved our AAA credit status and we ...
    Teancum79
    +1
    showing the S&P; et al. that we will pay off our debts can not help make make us look like a good person to loan to.
  • Andrew Teancum79 2011/08/10 14:28:18
    Andrew
    Pretty basic, wouldn't you say?!
  • Teancum79 Andrew 2011/08/10 14:37:34
    Teancum79
    +1
    yes which is why the libs won't understand it.
  • voice_matters 2011/08/10 13:49:32
    No, "Cut, Cap and Balance could not have preserved our AAA credit rating and ...
    voice_matters
    nothing would have prevented the downgrade
  • Andrew voice_m... 2011/08/10 13:52:51
    Andrew
    What was the spokesman for the S&P; saying when he referred to the $4 trillion dollar figure?!
  • voice_m... Andrew 2011/08/10 13:56:27
    voice_matters
    thanks for showing nothing has changed
  • Andrew voice_m... 2011/08/10 14:01:16
    Andrew
    You'll have to be a bit more informative, because I am stumped as to what you are driving!
  • voice_m... Andrew 2011/08/10 14:34:14
    voice_matters
    no matter what happened in congress the downgrade was going to happen. nothing would have changed that
  • Jimbo Andrew 2011/08/10 13:59:49
    Jimbo
    He was saying Boehner should have sold the big deal to his caucus.
  • dandieselonian 2011/08/10 13:21:09
    Yes, "Cut, Cap and Balance could have preserved our AAA credit status and we ...
    dandieselonian
    +1
    yes but most of our country would haave been shut down , no highway repairs , no ssi , no FDA ,and life as we know it would cease in America
  • dandies... dandies... 2011/08/10 13:23:38
  • Andrew dandies... 2011/08/10 13:49:50
    Andrew
    +1
    Essential services would have been preserved, but I am sure you and I would disagree as what is essential!
  • voice_m... dandies... 2011/08/10 13:50:22
    voice_matters
    nothing would shut down
  • dandies... voice_m... 2011/08/10 14:21:32
    dandieselonian
    thats a guess nasa is effectivly shut down now I never thought I would see that happen we have a million miles of highways that are crumbling with bridges ready to fall how are we gonna get all those goods in from china because of failing infrastructure ?
  • voice_m... dandies... 2011/08/10 14:37:48
    voice_matters
    nasa still operating and getting their money. every year the congress passes legislation which many call pork to work on the roads and bridges, as well as every state legislature so again nothing is shut down.
  • dandies... voice_m... 2011/08/10 14:39:53
    dandieselonian
    your bill hasnt gotten through either
  • voice_m... dandies... 2011/08/10 14:42:39
    voice_matters
    what bill didn't go through?
  • Jimbo 2011/08/10 13:19:51
    No, "Cut, Cap and Balance could not have preserved our AAA credit rating and ...
    Jimbo
    Without a single thing mentioned to get there, it was a feel good bill for GOP rubes. Not even the best plan out there, Sen. Coburn's 9 trillion in cuts gets to cap figures in time. Had Coburn's plan been voted upon, that would have retained our rating.
  • Andrew Jimbo 2011/08/10 13:36:53
    Andrew
    I agree the Coburn plan would have retained the credit rating,and even if there were not many specifics in Cut, Cap and Balance, the move would have forced the government to do what MUST be done!
  • Mark P. 2011/08/10 13:17:31
    Yes, "Cut, Cap and Balance could have preserved our AAA credit status and we ...
    Mark P.
    +2
    It was what the credit ratings people said needed to be done.
  • Andrew Mark P. 2011/08/10 13:39:14
    Andrew
    The elections of 2012 are going to be a referendum on this very issue and we MUST not only send a message, but the right people as well.

    Pass this on if you would!
  • voice_m... Andrew 2011/08/10 13:51:56
    voice_matters
    why do libs call every election the most important election?
  • voice_m... Mark P. 2011/08/10 13:51:20
    voice_matters
    nothing has changed.
  • 2012 rick 2011/08/10 12:46:49
  • Andrew 2012 rick 2011/08/10 12:58:17
    Andrew
    +2
    We must digest the words of the S&P; spokesman and realize that the future is in our hands. I believe his words were chosen to send that message, without taking political sides overtly! Please pass this on if you find it worthy!
  • freethinker 2011/08/10 12:43:17
    Yes, "Cut, Cap and Balance could have preserved our AAA credit status and we ...
    freethinker
    +1
    Of Course the libbys don't want our country to be #1 anymore!!!
  • Andrew freethi... 2011/08/10 12:46:15
    Andrew
    +1
    Yes, and if we continue the upheaval of the 2010 elections in 2012, we can change the dynamics and regain our reputation and liberty!
  • freethi... Andrew 2011/08/10 12:47:02
    freethinker
    +1
    You Betcha!!!
  • Andrew freethi... 2011/08/10 12:49:13
    Andrew
    +1
    Pass this on if you feel it is worthy, free thinker! Thx for your input!
  • Jimbo Andrew 2011/08/10 13:21:46
    Jimbo
    Name one liberty taken from you? Post nonsense, you will get challenged. Don't even think about PPACA, there is a right to tax, there is a right to regulate interstate commerce by the government.
  • Andrew Jimbo 2011/08/10 13:43:33
    Andrew
    Whether or not I purchase Health insurance, Jimbo! You know that! Many more are going to go by the wayside as well as we move forward, unless we change directions. I'll do my best to make it happen!
  • Jimbo Andrew 2011/08/10 14:02:42
    Jimbo
    Don't buy it, pay a tax, not hard to understand.
    http://www.lifeandhealthinsur...
  • Andrew Jimbo 2011/08/10 14:10:51
    Andrew
    +1
    And you call that liberty?! Please, you've got more sense then that. That's exactly what public education does.
  • Jimbo Andrew 2011/08/10 16:01:57
    Jimbo
    Do you call paying $15 for an aspirin at a hospital because of them treating the uninsured liberty?
  • Andrew Jimbo 2011/08/10 20:09:43
    Andrew
    That is why the health insurance field needs to become MORE "free market" not less. The reason for $15 aspirins is not because of the uninsured, but because your locked into buying (heir aspirin"! But, if you could choose whether to buy theirs, or bring your own, or choose another hospital, things would be different!

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