Moodys Downgrades U.S. Credit Rating

[red viking]

11 minutes ago, ionel said:

So who else has a reusable rocket system for launching satellites?  Are you suggesting we should go back to spending multiple times this amount and just have NASA do all the launches.  Or are you suggesting we shouldn't have satellites in space.  I need to know the specific problem so I can write my congressperson.  

We shouldn't be letting Musk run the govt. It's a conflict of interest. This is very simple. 

[ionel]

3 minutes ago, red viking said:

We shouldn't be letting Musk run the govt. It's a conflict of interest. This is very simple. 

Ok so specifically what part of the government is he running? 

[Lipdrag]

37 minutes ago, red viking said:

People have claimed to be able to balance the budget merely or mostly be eliminating "the fat" or the waste and fraud for over a hundred years now. It never ends. 

It's a complete lie. Sure, there's some waste and fraud and there will ALWAYS be SOME of that. We should try to minimize it but to say we can make even a dent in the budget deficit by doing that is a complete joke and those that believe it are naive to how the govt works.

RV is absolutely correct.  Waste, fraud, fat, etc. is round off error.  Eliminate it all and the problem is not solved.  Not even close.  So we should STFU about it as a means of balancing the budget.  It is absolutely appropriate to go after it on the basis of corruption and individual culpability for lying, cheating, etc.  But it has nothing to do with Moody's decision.  Until we get back to the government doing only what it is authorized to do and nothing else we have no chance of balancing anything.  

RV is absolutely wrong about cutting the military budget as being anything useful in the big picture of federal budgeting.  I do not see the federal government being authorized to fund a retirement scheme in the Constitution.  I do not see the federal government taking money from one person and giving it to another person in the Constitution.  I do not see the federal government being the main provider of medical services in the country in the Constitution. 

The politicians are expertly executing game theory here.  Everyone knows (except true socialists who are innumerate) that this house of cards will tumble down.  However, both sides also know that to do anything about it will result in political and electoral disaster for their side.  So both are bluffing until the end.  And it makes perfect sense from the incentive systems in place right now.  The behavior is very rational - if you have a short term perspective of 5 - 10 years to worry about.

[red viking]

1 hour ago, Lipdrag said:

RV is absolutely correct.  Waste, fraud, fat, etc. is round off error.  Eliminate it all and the problem is not solved.  Not even close.  So we should STFU about it as a means of balancing the budget.  It is absolutely appropriate to go after it on the basis of corruption and individual culpability for lying, cheating, etc.  But it has nothing to do with Moody's decision.  Until we get back to the government doing only what it is authorized to do and nothing else we have no chance of balancing anything.  

RV is absolutely wrong about cutting the military budget as being anything useful in the big picture of federal budgeting.  I do not see the federal government being authorized to fund a retirement scheme in the Constitution.  I do not see the federal government taking money from one person and giving it to another person in the Constitution.  I do not see the federal government being the main provider of medical services in the country in the Constitution. 

The politicians are expertly executing game theory here.  Everyone knows (except true socialists who are innumerate) that this house of cards will tumble down.  However, both sides also know that to do anything about it will result in political and electoral disaster for their side.  So both are bluffing until the end.  And it makes perfect sense from the incentive systems in place right now.  The behavior is very rational - if you have a short term perspective of 5 - 10 years to worry about.

Social security is 100% essential. Back in the 1700s, people didn't typically live 15 to 20 years past the age when they could work. The alternative is to just kick them to the curb after they are retired. 

I actually am in favor of cutting social security quite a bit too but none of the recent administations are putting this on the table. You MUST cut the bigger programs (e.g. military, social security and medicare) if you want to address our runaway budget issues. Not by going after EPA, USAID, and Planned Parenthood. 

[red viking]

10 year Treasury yield just hit a fresh high (since mid-February). Faith in our dollar and ability to address our debt crisis continues to erode. 

[Saylors_Tiny_Willie]

There goes the bond market.

[Caveira]

2 minutes ago, Saylors_Tiny_Willie said:

There goes the bond market.

 

2 minutes ago, Saylors_Tiny_Willie said:

There goes the bond market.

 

5 hours ago, red viking said:

10 year Treasury yield just hit a fresh high (since mid-February). Faith in our dollar and ability to address our debt crisis continues to erode. 

Is it the Great Depression yet?

[Saylors_Tiny_Willie]

[Saylors_Tiny_Willie]

2 minutes ago, Caveira said:

 

 

Is it the Great Depression yet?

Why are you rooting against America?

[Caveira]

3 minutes ago, Saylors_Tiny_Willie said:

Why are you rooting against America?

You two are lol.  I’m not rooting for the Great Depression like yall.   

[JimmySpeaks]

30 minutes ago, Caveira said:

You two are lol.  I’m not rooting for the Great Depression like yall.   

Didn’t know asking a question is rooting against America?  Lil Willie is a  

[red viking]

43 minutes ago, Caveira said:

 

 

Is it the Great Depression yet?

Now 4.61%. A new recent high, as GOP bill creeps fwd. If it passes maybe we'll see over 5% as faith in anybody ever addressing the deficit collapses. 

[Scouts Honor]

21 hours ago, scourge165 said:

Why don' Republicans have the balls to save our Country like they did under the likes of Eisenhower? 

Back when we were trying to repay the debt we'd built up after WWII and the Great Depression?

 

Of course you can go back and look at who is responsible for adding to the debt and you find out VERY quickly the Republicans don't actually care. 

what the hell does this have to do with rich liberals not wanting to pay taxes, but wanting to tax the rich? 

[Scouts Honor]

23 hours ago, red viking said:

They will but you gotta change the tax brackets first

lol, they vote for high taxes in their state, then whine when they have to pay taxes like everyone else

you were talking about hypocrisy or something

Edited 5 hours ago by Scouts Honor

[red viking]

Just now, Scouts Honor said:

lol, they vote for high taxes in their state, then whine when they have to pay taxes like everyone else

Source? 

[Scouts Honor]

8 hours ago, uncle bernard said:

1) Still haven't found any fraud. Fraud is not "stuff I disagree with." 

2) If he was actually serious about cutting waste, he'd start at the Pentagon. I won't hold my breath considering Musk is a major Pentagon contractor. Corruption for me, but not for thee.

go look at the still looking for fraud thread 

[Caveira]

6 minutes ago, red viking said:

Source? 

He’s a billionaire right?   Didn’t he present at the d convention about taxes and fair payment ?   He’s made Illinois some of the lowest taxes in the country right?

https://www.illinoispolicy.org/toilet-scam-could-flush-pritzkers-fair-tax/

https://digitaledition.chicagotribune.com/tribune/article_popover.aspx?guid=daa0c2dd-56ab-4f7d-992e-b0e94926c141
 

Edited 4 hours ago by Caveira

[Scouts Honor]

8 hours ago, red viking said:

We shouldn't be letting Musk run the govt. It's a conflict of interest. This is very simple. 

good thing he isn't

[Scouts Honor]

7 minutes ago, red viking said:

Source? 

SALT

[ionel]

13 minutes ago, red viking said:

Source? 

 

10 minutes ago, Caveira said:

https://www.illinoispolicy.org/toilet-scam-could-flush-pritzkers-fair-tax/

https://digitaledition.chicagotribune.com/tribune/article_popover.aspx?guid=daa0c2dd-56ab-4f7d-992e-b0e94926c141
 

left wingers gonna wing right rv? 

[red viking]

3 minutes ago, ionel said:

 

left wingers gonna wing right rv? 

Oh I get it. So wingers can cheat on their taxes but liberals can't? 

[Caveira]

4 minutes ago, red viking said:

Oh I get it. So wingers can cheat on their taxes but liberals can't? 

https://www.latimes.com/la-oe-goldberg3-2009feb03-column.html
 

Sounds like big Biden didn’t like giving to charity either.  Didn’t know this.  Is the la times a left leaning news paper ?
 

Democrats are hypocrites when it comes to paying taxes

•  

During the presidential campaign, Joe Biden insisted that paying your taxes is a patriotic duty. No, scratch that. He said that supporting a tax hike was the American thing to do. “It’s time to be patriotic,” he told America’s putative tax slackers. When asked whether he might be questioning the patriotism of people who don’t want higher taxes, Biden, as is his wont, took things to the next rhetorical level. Forget patriotism, insisted Joe, paying higher taxes is a religious obligation.

The man who gave an average of $369 a year to charity over the previous decade fulfills hisreligious obligations by cutting a tax check -- a check he’s required to cut by law.

Now it’s always perilous to take Biden’s statements too seriously, but it does seem eminently fair to say that his comments reflect a common, if not universal, attitude among Democrats. Taxes aren’t a “necessary evil” so much as a joyous affirmation of the possibilities of government and the lifeblood of a more hopeful society. “Taxes are what you pay to be an American” -- like “membership fees,” says Democratic language guru George Lakoff.

Edited 4 hours ago by Caveira

[red viking]

15 minutes ago, Caveira said:

https://www.latimes.com/la-oe-goldberg3-2009feb03-column.html
 

Sounds like big Biden didn’t like giving to charity either.  Didn’t know this.  Is the la times a left leaning news paper ?
 

Democrats are hypocrites when it comes to paying taxes

•  

During the presidential campaign, Joe Biden insisted that paying your taxes is a patriotic duty. No, scratch that. He said that supporting a tax hike was the American thing to do. “It’s time to be patriotic,” he told America’s putative tax slackers. When asked whether he might be questioning the patriotism of people who don’t want higher taxes, Biden, as is his wont, took things to the next rhetorical level. Forget patriotism, insisted Joe, paying higher taxes is a religious obligation.

The man who gave an average of $369 a year to charity over the previous decade fulfills hisreligious obligations by cutting a tax check -- a check he’s required to cut by law.

Now it’s always perilous to take Biden’s statements too seriously, but it does seem eminently fair to say that his comments reflect a common, if not universal, attitude among Democrats. Taxes aren’t a “necessary evil” so much as a joyous affirmation of the possibilities of government and the lifeblood of a more hopeful society. “Taxes are what you pay to be an American” -- like “membership fees,” says Democratic language guru George Lakoff.

So now he's a bad guy and hypocrite because he only gave $369 per yr to charity? Huh? Did he cheat on his taxes like trump?

[Caveira]

19 minutes ago, red viking said:

So now he's a bad guy and hypocrite because he only gave $369 per yr to charity? Huh? Did he cheat on his taxes like trump?

I think he’s a bad guy.   And a pos zillionaire who didn’t donate to charity.   What say you about this mega democrat not being charitable?   All the while asking us to be more charitable with our $$$ via taxes he raised ?

[JimmySpeaks]

Dems motto:  Do as I say not as I do.