A clean bill is all that's needed. That's as short term as it gets.

And that may satisfy the ratings agencies in the short term...
But Moody's was clear that wasn't enough

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If the debt limit is raised again and a default avoided, the Aaa rating would likely be confirmed. However, the outlook assigned at that time to the government bond rating would very likely be changed to negative at the conclusion of the review unless substantial and credible agreement is achieved on a budget that includes long-term deficit reduction. To retain a stable outlook, such an agreement should include a deficit trajectory that leads to stabilization and then decline in the ratios of federal government debt to GDP and debt to revenue beginning within the next few years

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http://www.moodys.com/research/Moody...ocid=PR_221800

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Originally Posted by tomder55

and that may satisfy the ratings agencies in the short term ...
But Moody's was clear that wasn't enough

http://www.moodys.com/research/Moody...ocid=PR_221800

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There is nothing else for it Tom you have to raise interest rates to compensate for greater risk and the fed needs to raise the cash rate. These things are decoupled from employment these days anyway so it can't make things worse. When politicians play around they put the whole system in jeopardy

interest rates and monetary policy has to be changed to strengthen the dollar value . King dollar ! Reagan and Clinton both rode prosperity on strong currency.

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Originally Posted by tomder55

interest rates and monetary policy has to be changed to strengthen the dollar value . King dollar ! Reagan and Clinton both rode prosperity on strong currency.

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Yes your dollar will rise if you raise interest rates, the speculators become interested when there is a prospect of the value raising

That must be it, he is cursed. But according to Mimi Pelosi, the man who stormed out of the negotiations is more patient than Job. Every time we turn around someone else is making him a man of biblical - no beyond biblical - proportions.

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“I want to commend the president – I have never seen – Job is no place compared to this president in terms of patience,” said Pelosi at a press briefing on Thursday. “He [Job] doesn’t even begin because this president has demonstrated a level of patience, not only during the meetings but as respect, respectful of the suggestions that are made by all parties at the meeting, in his preparation for the meeting, and his coming back to address concerns that are expressed by others.”

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Let's see, Job, the ultimate man of patience, lost 7 sons and 3 daughters, all his possessions and then was stricken with boils from head to toe. He then sat in the ashes and scraped his skin with broken pottery, all with patience.

Obama? Poor thing, he had talk to Republicans.

P.S. Mimi also said she was "almost too busy" to worry about the debt limit discussions. The thought of having to meet at Camp David this weekend "goes beyond the pale" to her. Maybe she'd rather debate light bulbs.

LOL, she references a book of fables.

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Originally Posted by speechlesstx

the man who stormed out of the negotiations

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He didn't storm out. He told them they were getting nowhere after their hours of posturing, then ended the meeting.

Hello again,

I'm having trouble with my scorecard... I can't tell who's winning. But, I CAN tell who's losing, and that's you and me.

excon

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Originally Posted by Wondergirl

He didn't storm out. He told them they were getting nowhere after their hours of posturing, then ended the meeting.

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If it was a republican they'd be hooting about how tough he is and having a backbone to stand up for their beliefs.

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Originally Posted by NeedKarma

LOL, she references a book of fables.

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You opinion of the book is irrelevant. The comparison she made is beyond ridiculous whether the story is true or not.

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Originally Posted by speechlesstx

The comparison she made is beyond ridiculous whether the story is true or not.

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It was sarcasm of course.

Look what all the squabbling has done for the price of gold! And just how is a person supposed to spend this gold when the world really crashes? Oh, honey, just chop up one of those gold coins so we can go buy some groceries down the street as that guy doesn't hand out "gold change" to his customers.

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Originally Posted by twinkiedooter

And just how is a person supposed to spend this gold when the world really crashes? Oh, honey, just chop up one of those gold coins so we can go buy some groceries down the street

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Hello twink:

That's pretty close... I'd use a file, though.

excon

Quote:

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Originally Posted by speechlesstx

That must be it, he is cursed. But according to Mimi Pelosi, the man who stormed out of the negotiations is more patient than Job. Every time we turn around someone else is making him a man of biblical - no beyond biblical - proportions.





Let's see, Job, the ultimate man of patience, lost 7 sons and 3 daughters, all his possessions and then was stricken with boils from head to toe. He then sat in the ashes and scraped his skin with broken pottery, all with patience.

Obama? Poor thing, he had talk to Republicans.

P.S. Mimi also said she was "almost too busy" to worry about the debt limit discussions. The thought of having to meet at Camp David this weekend "goes beyond the pale" to her. Maybe she'd rather debate light bulbs.

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Don't forget those wonderful friends Job had telling him he was at fault; and his wife that told him to give in and accuse God.
Since when did the "freedom FROM religion" Nancy Pelosi crowd start referring to the Bible? I thought that was forbidden.

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Originally Posted by tomder55

Since when did the "freedom FROM religion" Nancy Pelosi crowd start referring to the Bible? I thought that was forbidden.

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She wasn't referring to the Bible. Job is an Everyman, just like King Lear is or Hamlet.

Poor repubs, told the Prez to lead, and now they don't want to follow. But they get 3 choices,

4 trillion in cuts and revenue.

2 trillion in cuts and revenue.

Raise the debt ceiling with no cuts or revenue.

Take one. The sad part is repubs talk about what the American people want, but every poll I have seen says a mix of revenue raising and cuts is what they want.

Anybody seen a poll that says different? Please post it the link.

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Originally Posted by Wondergirl

She wasn't referring to the Bible. Job is an Everyman, just like King Lear is or Hamlet.

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Hogwash.

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Originally Posted by talaniman

Take one. The sad part is repubs talk about what the American people want, but every poll I have seen says a mix of revenue raising and cuts is what they want.

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The Republicans say very righteously, "We don't want tax increases on the American people!!" but that's not what's on the table at all.

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Originally Posted by speechlesstx

Hogwash.

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Job is a name to drop. Job = suffering. The Bible has nothing to do with it. Most people have never even read the story and don't know what happened at the end.