S&P Downgrades U.S. Outlook to Negative for First Time in 70 Years

I can't believe that so many people want to cut entitlements. You do realize that the Republicans are simply using a deficit as an excuse to cut Democratic programs that they have never liked, right? What we need is reform, not cuts. For starters, Obama's health care reform would have likely fixed both Medicare and Medicaid by making health care less expensive if given the chance (personally I would have eliminated those programs altogether and simply given people eligible for them access to selected plans on the exchange for free and reduce rates for the others). We also need to stop being the world's policeman and demobilize. Our military spending is out of control. It's as if we want our entire military to be like James Bond's cars. Further, we need to outlaw special interest groups, as their lobbying is what causes bureaucratic waste to begin with. Why does everything take so long in government? Because the procedure set by congress caters to all these interest groups with conflicting agendas! Just get rid of them.
 
Moody's said yesterday it has the complete opposite view in light of the recent budget proposals by the two parties...

I'm with Moody's here, S&P seems to be lost.
 
You seem to be talking about welfare.
You perceive incorrectly.

You're conveniently forgetting the Republicans' sacred cow: the army.
I never forget. Though I do sometimes neglect that which is irrelevant. So, dude? I'll mention the Republican Sacred Cow right now: you go right ahead and cut U.S. military spending all you want. I really mean it. Go right ahead. Because if you do, you will be committing political suicide, and then the United States will be in my pocket for the next twenty years. Obama has already figured this out; he wants to cut the military, and he had the chance for his first two years, but Obama knows he can't.

Why can't you cut the military? Here's why:

Think back to what happened when 19 radical moron nutjobs flew a couple of jet planes into the World Trade Center. A week later, American flags were flying on every city block in the U.S., the entire U.S. Congress was singing "God Bless America" on national television, Bush's approval rating soared to 90%, and the United States went to war and beat the living hell outta the Taliban.

You can't cut the military, very simply, because you can't allow another 9/11 to happen. If it does, the nation will once again swing way to the right; Sarah Palin will be elected President; the U.S. will go to war against Iran; and your political agenda, Tanicius, will be dead in the water. You can't afford for any of that to happen. So you have no choice but to keep the nation's security up to snuff (and you might wanna go about securing that border with Mexico.....)


On the side: even if you did eliminate military spending completely (which will never happen), you would still have a trillion dollars more to go before the budget deficit is eliminated. And it needs to be more than balanced, it needs to run a significant surplus, because we need to start paying this debt back, because INTEREST on the national debt is already more than half the size of the entire defense budget. Your constant single-minded obsession with cutting U.S. military spending will not work.

Taxes? Also not gonna work. Tax revenue from the wealthiest five percent of Americans would have to more than triple in order to balance the budget; revenue from taxes on corporations would have to QUINTUPLE to do the same. Neither will happen. Ever.

Taxes won't work. Cuts to the military won't work. What's left?


This is what I meant by both sides wanting their pie and wanting to starve someone else of their share. Rather than agree to cut everything, they squabble over cutting only one or two things. It's why nothing can be done...
Then give up something to the Republicans so the economy doesn't crash.

In the end, it will be you (well, more accurately, your political side of the table) that concedes on what needs to be cut--because your collection of sacred cows is three times larger than the Republican Sacred Cow (the military). If the economy does crash, you will lose a hell of a lot more than the Republicans will. In the end, you'll give up a large percentage of it in order to avoid losing all of it.


I can't believe that so many people want to cut entitlements.
"Want" has nothing to do with it. Entitlements will be cut, or the U.S. will default and its economy will crash (which, as I already described while incinerating Tanicius, would destroy entitlements anyway).
 
Another good way to avoid another 9/11 would be not ignoring the warning signs when they are pointed out to you.
 
You perceive incorrectly.

"I already earned my piece of the pie--I don't want everybody else to get their hands on it. I did the work, it's my slice."

That sounds to me like you don't want any wealth redistribution.

You can't cut the military, very simply, because you can't allow another 9/11 to happen.

Correct me if I'm wrong, but having a bloated nuclear arsenal didn't stop the towers from being destroyed, and neither did bases in every corner of the globe. Next.

The military's primary purpose is to protect us from conventional threats. Which are easily fended off with a nuclear deterrent. Counterterrorism is a good investment indeed, but you can cut plenty of troops without even touching it.

On the side: even if you did eliminate military spending completely (which will never happen), you would still have a trillion dollars more to go before the budget deficit is eliminated. And it needs to be more than balanced, it needs to run a significant surplus, because we need to start paying this debt back, because INTEREST on the national debt is already more than half the size of the entire defense budget.

Well, after cutting a hundred or so billion off the military, we can then attack entitlements. Simple enough. Just keep cutting until the green has been reached.

Your constant single-minded obsession with cutting U.S. military spending will not work.

Dude, do you read what I post, or do you assume I'm just another liberal?

I am for cutting everything, because it's a lot easier than trying to single one thing out.

Taxes? Also not gonna work. Tax revenue from the wealthiest five percent of Americans would have to more than triple in order to balance the budget; revenue from taxes on corporations would have to QUINTUPLE to do the same. Neither will happen. Ever.

Taxes won't work. Cuts to the military won't work. What's left?

You seem to think we can only do one thing to fix the budget, cut this or raise that. Why can't we do a little bit of everything, so as to minimise the impact? Rather than a huge cut to the army or welfare, why not cut a little bit off both?

Then give up something to the Republicans so the economy doesn't crash.

The fact nobody's singled out counts as something. We agree to share the cuts rather than try to pawn them off on eachother.

In the end, it will be you (well, more accurately, your political side of the table) that concedes on what needs to be cut--because your collection of sacred cows is three times larger than the Republican Sacred Cow (the military).

Ah, but welfare directly affects more citizens than the military does. There are ~2.5 million American soldiers. There are countless millions more on the rolls of welfare. Imagine that welfare would be more expensive?

Of course, that doesn't change the fact current entitlement spending is unsustainable. The system needs fixing, and quick. Raising the retirement age would be a great start, or better yet, eliminate Medicare altogether and make it means-tested so only the poor get the insurance. It makes no sense for my fairly well-off grandparents who have plenty of cash to spare to still get free healthcare. It's absurd.

They worked hard their whole life? Sure. But if they worked so hard they probably could've built up a nest egg of their own instead of robbing me of mine.

If the economy does crash, you will lose a hell of a lot more than the Republicans will.

Please do not group me in with the liberals.
 
This thread is a goldmine.

Subscribed.
 

The military does nothing to prevent terrorism. In fact, nothing the federal government does prevents terrorism! They even cause it with interventionist foreign policy. We fought two wars with Britain over their interference in our affairs, and we do the same to the rest of the world and expect the people to be OK with it? Incidentally this would save a ton of it's money on its own.

The rich currently pay very little taxes. After all the loopholes, poor people pay a greater percentage of their income than the rich and corporations. We should make them pay up.

Here's another fact for you: America pays more for healthcare than any other country in the world, and we have worse care then any other developed country. Fixing this alone would fix medicare and medicaid. Social security is overblown - raise the retirement age to reflect reality and make a few other small tweaks and it's fixed.

Too many people pay attention to right-wing people who want to make the rich richer and the poor poorer and simply stick their fingers in their ear yelling "LA LA LA I CAN'T HEAR YOU" when confronted with facts. Sadly you appear to be one of those people.
 
Cut all you want tax all you want, but you wont see the end of the debt till you give the derivatives part of the debt back to the banks that made them.
 
Cut all you want tax all you want, but you wont see the end of the debt till you give the derivatives part of the debt back to the banks that made them.
Explain. Thanks.
 
Taxes? Also not gonna work. Tax revenue from the wealthiest five percent of Americans would have to more than triple in order to balance the budget; revenue from taxes on corporations would have to QUINTUPLE to do the same. Neither will happen. Ever.

cbpp_chart_on_bush_deficit_legacy_121609_xlarge.jpeg
 
You can't cut the military, very simply, because you can't allow another 9/11 to happen. If it does, the nation will once again swing way to the right; Sarah Palin will be elected President; the U.S. will go to war against Iran; and your political agenda, Tanicius, will be dead in the water.

Maybe DO NOT train, arm, fund OsamaBinladen ?
 
Maybe DO NOT train, arm, fund OsamaBinladen ?

No, no no.
If the US navy had 12 instead of 10 Nimitz class carriers 9/11 never could have happened. Can't you see that ?
 
Another good way to avoid another 9/11 would be not ignoring the warning signs when they are pointed out to you.
20/20 hindsight doesn't cut it with me. There were warning signs that something was going to happen. Nobody knew what. Or, for that matter, where.

Also, a minor detail you missed: there were two attacks on the World Trade Center. The warnings signs of the first attack were missed by President Clinton.

Oh, and there's another minor detail: Bush's subsequent attempt to fix the intelligence failures that (allegedly) allowed 9/11 to happen were opposed (mostly, ironically, by people such as yourself) who called his attempt a police-state power grab.


BasketCase said:
I already earned my piece of the pie--I don't want everybody else to get their hands on it. I did the work, it's my slice.
That sounds to me like you don't want any wealth redistribution.
Wrong again. Note the underlined word. With the exception of Bernie Madoff and his ilk, everybody who is rich today, became rich by earning their wealth. CEO's get paid more because their work is much, much harder.

Correct me if I'm wrong, but having a bloated nuclear arsenal didn't stop the towers from being destroyed, and neither did bases in every corner of the globe.
No, you're absolutely right. Our nuclear arsenal and wide array of military bases, instead, are preventing the next 9/11 from happening. Because now that we've spent ten years beating the living crap out of people, nobody is going to be stupid enough to attempt another 9/11 for a long time. The terrorists themselves have admitted this. It's the reason they switched to smaller-scale attempts such as that Christmas Bomber guy.

Well, after cutting a hundred or so billion off the military, we can then attack entitlements.
After? Why "after"?

I've seen that a million times before. It's always "cut the military first". Even though everybody who says that already knows military cuts will not be anywhere near enough. They're the same people who were demanding cuts in military spending before this economic crisis ever began. They're stuck in their same old political agenda, no matter what is changing around them. Prosperous economic times? "Cut the military cuz we don't need it". Difficult economic times? "Cut the military cuz we can't afford it". No terrorist attacks happening anywhere? "Cut the military cuz we don't need it". Terrorist attack? "Cut the military cuz it's creating more terrorists".

Note that absolutely nobody is saying that last one about our meddling in Libya--if you say "our meddling in Iraq is creating terrorists" but you don't say "our meddling in Libya is creating terrorists", then you are (here we go again) A HYPOCRITE.

Also note that nobody ever said "the U.S. military is creating terrorists" before 9/11 actually happened. The cut-military advocates invented that line in order to find a way to keep their agenda intact after 9/11.

Dude, do you read what I post, or do you assume I'm just another liberal?
Yes on both. I read your posts very carefully, and I assume you to be a conventional liberal as a direct result of what I read. I assume you're "just another liberal" because you act like one.

Case in point:

I am for cutting everything, because it's a lot easier than trying to single one thing out.
You said "after hundred or so billion off the military". I already called you on this, but it bears repeating. That is conventional liberals; they want to cut the military first. (Most likely their actual plan is to get their military cuts, then go back on their word and block all cuts to entitlement programs).

You seem to think we can only do one thing to fix the budget, cut this or raise that. Why can't we do a little bit of everything
Already explained why. Taxes? New taxes will produce revenue NEXT year. We're going to hit the debt ceiling in ONE MONTH. Also, taxes are nowhere near enough to solve the problem. Tax revenue from the rich would have to TRIPLE. Tax revenue from corporations would have to QUINTUPLE. Neither is possible.

Military cuts? Not enough to solve the problem, and also politically impossible. Even Obama isn't stupid enough to cut the military significantly. I already told you--he had his chance and he didn't do it.

The fact nobody's singled out counts as something. We agree to share the cuts rather than try to pawn them off on eachother.
Go back to the point where I said "offer something to the Republicans so we don't have a default" and take note of something (that is, something absent from this thread). Neither you, nor anybody else in this thread, made any tangible offers in any non-military category. Even though you know such cuts alone are nowhere near enough. Sure, there are vague suggestions--such as raising the retirement age to 70. How many dollars would that save?? Nobody has any freaking idea. We need to save a trillion and a half dollars. How much do we cut from Medicare? From Social Security? From the NEA? From programs providing clean needles to drug addicts? You proposed to cut a hundred billion dollars from the military and that's it (leaving us $1.4 trillion short.....)

Please do not group me in with the liberals.
Then don't act like them.


@FriendlyFire: chart from a biased left-of-center source. Also, it's impossible to know what the Bush-era tax cuts actually cost us, because the only way to see that would have been to leave them in place. That chart contains an Arbitrary Hypothetical hidden in it. Therefore bogus.
 
Oh, and there's another minor detail: Bush's subsequent attempt to fix the intelligence failures that (allegedly) allowed 9/11 to happen were opposed (mostly, ironically, by people such as yourself) who called his attempt a police-state power grab.

The only intelligence failure before 9/11 was a failure to get information to the people who need it. I don't recall Bush ever attempting to fix this. I do recall Bush doing a number of measures that were not necessary and destroyed the 4th amendment (such as the Patriot Act, the TSA, the expansion of Border Patrol and the Constitution-free zone, etc.). And yes, America is becoming a police state.

@FriendlyFire: chart from a biased left-of-center source. Also, it's impossible to know what the Bush-era tax cuts actually cost us, because the only way to see that would have been to leave them in place. That chart contains an Arbitrary Hypothetical hidden in it. Therefore bogus.

The Bush tax cuts have been in place for nearly a decade. Yes, we do know the effect of them on the budget very well. They destroyed Clinton's surplus. Also, last time I checked, they haven't been repealed.

By the way, reality has a well known liberal bias. Besides, the rest of the world considers Obama a conservative. Why? Because America is a right-wing country by world standards.
 
An economy based on exponential growth probably isn't sustainable & it's starting to become apparent.
 
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