SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (623107)8/6/2011 1:46:52 AM
From: tejek  Read Replies (1) | Respond to of 1579811
 
Tim, this is what the S&P said:

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.


http://tpmdc.talkingpointsmemo.com/2011/08/sp-downgrades-us-aaa-bond-rating-to-aa-outlook-negative.php?ref=fpblg

Its echoes what every rational person in this country and in the world has been saying for years. And yet, a minority of the people in this country, you included, refuses to pay more taxes and instead comes up with one half baked excuse after another for why we should not let the Bush tax cuts expire. In the meantime, the wealthy keep buying every luxury good available to man.

And now, you people have gotten the US downgraded. Yes, you all are guilty one more time of screwing up this country. Its enough! If you don't like a rational gov't, then move to some place that better suits your economic idiosyncracies.



To: TimF who wrote (623107)8/6/2011 10:57:45 AM
From: Sdgla  Respond to of 1579811
 
The size and scope of the government needs to change... Not the amount of taxes taken in. The federal government has followed the peter principal and risen to the highest allowable level of incompetence .

You are spitting into the wind attempting to discuss tax revenues and spending with ted when all he understands is handouts and taking money from any readily available source... unless of course it is his pocket.

How dare the handouts stop.