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View Poll Results: If the debt limit is NOT extended, who's fault is it?

Voters
12. You may not vote on this poll
  • The Democrats

    3 25.00%
  • The Republicans

    3 25.00%
  • The Tea Party

    1 8.33%
  • None of the above (it just happened - nobody knows why)

    1 8.33%
  • They'll extend it BEFORE the deadline

    4 33.33%
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #221

    Jul 14, 2011, 05:08 PM

    A clean bill is all that's needed. That's as short term as it gets.
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 346
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    #222

    Jul 14, 2011, 05:19 PM

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

    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
    http://www.moodys.com/research/Moody...ocid=PR_221800
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #223

    Jul 14, 2011, 05:25 PM
    Quote Originally Posted by tomder55 View Post
    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
    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
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 346
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    #224

    Jul 14, 2011, 06:44 PM

    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.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #225

    Jul 14, 2011, 09:24 PM
    Quote Originally Posted by tomder55 View Post
    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.
    Yes your dollar will rise if you raise interest rates, the speculators become interested when there is a prospect of the value raising
    speechlesstx's Avatar
    speechlesstx Posts: 1,111, Reputation: 284
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    #226

    Jul 15, 2011, 07:43 AM

    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.



    “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.”
    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.
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #227

    Jul 15, 2011, 07:47 AM
    LOL, she references a book of fables.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #228

    Jul 15, 2011, 07:47 AM
    Quote Originally Posted by speechlesstx View Post
    the man who stormed out of the negotiations
    He didn't storm out. He told them they were getting nowhere after their hours of posturing, then ended the meeting.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #229

    Jul 15, 2011, 07:51 AM

    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
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #230

    Jul 15, 2011, 08:02 AM
    Quote Originally Posted by Wondergirl View Post
    He didn't storm out. He told them they were getting nowhere after their hours of posturing, then ended the meeting.
    If it was a republican they'd be hooting about how tough he is and having a backbone to stand up for their beliefs.
    speechlesstx's Avatar
    speechlesstx Posts: 1,111, Reputation: 284
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    #231

    Jul 15, 2011, 08:30 AM
    Quote Originally Posted by NeedKarma View Post
    LOL, she references a book of fables.
    You opinion of the book is irrelevant. The comparison she made is beyond ridiculous whether the story is true or not.
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #232

    Jul 15, 2011, 08:40 AM
    Quote Originally Posted by speechlesstx View Post
    The comparison she made is beyond ridiculous whether the story is true or not.
    It was sarcasm of course.
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #233

    Jul 15, 2011, 08:50 AM

    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.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #234

    Jul 15, 2011, 09:12 AM
    Quote Originally Posted by twinkiedooter View Post
    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
    Hello twink:

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

    excon
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 346
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    #235

    Jul 15, 2011, 10:57 AM
    Quote Originally Posted by speechlesstx View Post
    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.
    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.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #236

    Jul 15, 2011, 11:07 AM
    Quote Originally Posted by tomder55 View Post
    Since when did the "freedom FROM religion" Nancy Pelosi crowd start referring to the Bible? I thought that was forbidden.
    She wasn't referring to the Bible. Job is an Everyman, just like King Lear is or Hamlet.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
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    #237

    Jul 15, 2011, 11:09 AM

    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.
    speechlesstx's Avatar
    speechlesstx Posts: 1,111, Reputation: 284
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    #238

    Jul 15, 2011, 11:20 AM
    Quote Originally Posted by Wondergirl View Post
    She wasn't referring to the Bible. Job is an Everyman, just like King Lear is or Hamlet.
    Hogwash.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #239

    Jul 15, 2011, 11:25 AM
    Quote Originally Posted by talaniman View Post
    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.
    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.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
    Jobs & Parenting Expert
     
    #240

    Jul 15, 2011, 11:28 AM
    Quote Originally Posted by speechlesstx View Post
    Hogwash.
    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.

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