S&P downgrades U.S. credit rating

[/QUOTE]Obama offered a plan that would have amounted to the $4 Trillion in cuts that were needed, but the Tea Party shot it down because it contained $1.2 Trillion in revenue increases.[/QUOTE]

Red...when you get a chance can you post Obama's plan for me to read? I searched online and couldn't find the written plan anywhere. Thanks!

 

Don't lie, you can reduce the deficit by hard spending cuts. We can also reduce the deficit with the current tax system if we didnt have 9% unemployment!!!!!


You are so one sided on everything, I haven't a clue how you consider yourself to be a moderate.

It is absurdly retarded to increase taxes with the current spending level. Its just phucking STUPID. Private business couldn't operate like this in any form.

the government has long been to big reaching in our lives through social programs and un-funded wars. Both the GOP and the Dems have put us here and the ONLY reason ANY CUTS WERE made was because of 22 people......

Majority of the Dems and Congress were fine tacking on another 3 trillion in debt.

 

I didn't ask for a bill...just a written plan. I'm assuming "any" dept plan from "any" individual or group would be lengthy so are you saying he has it all in his head and nothing written down? That surely doesn't make me real confident.

I think we've been down this road many times before during the past few years. If he always has "the" answer there shouldn't be any problem letting the American public know what it is before it's too late.

Take the party affiliation out of the equation and then ask the question...What do you not want the public to know prior to signing a bill? This should scare everyone!

 

But where are the specifics? Using terms like "comprehensive" doesn't say anything. This administration has been in office long enough for people to know you can't trust general terms. They've proven how they operate and that's why people are demanding specifics. Any trust which may have existed is now gone. Obama, Pelosi, and Reid have proven many times that their words are not trustworthy.

We need to know exactly what he intends to cut. We need to know exactly where the "spin" in savings is.

Most would disagree with your "well-documented" statement. What's well-documented is that he claims to have a plan. What's well-documented is that he continues to say Republicans are the party of no. What's well-documented is his constant policy of blaming everyone else. What is not well-documented are specifics.

If you're able to find them...please post them. I'll be happy to read them.

Revenue ISN'T the issue. OVERSPENDING is!

 

So, just never take out a new loan. Do the smart thing like save money for large purchases.

 

Obama offered a plan that would have amounted to the $4 Trillion in cuts that were needed, but the Tea Party shot it down because it contained $1.2 Trillion in revenue increases.[/QUOTE]

Red...when you get a chance can you post Obama's plan for me to read? I searched online and couldn't find the written plan anywhere. Thanks![/QUOTE]

I think he did put something out there and it was so good it got zero votes. Not even 1 from his own party. I believe I heard Rubio say this in his little speech.

 

It's more complex than that.

Businesses need capital for various purposes in various forms. To bridge the gap between selling and getting paid, for buying new equipment, training new employees, new real estate and equipment, etc.

Banks (in theory) make their money by lending it to businesses for a percentage. Banks are lent money by larger institutions for a smaller percentage and lend it out for a little more. They use complex risk analysis to attempt to make sure the money they lend out will be repaid

Capital is the lubrication of the economy. ACME widgets may have a great machine that builds widgets and a great market to sell them to, but a new widget making machine costs $10 million dollars which they don't have. Without a new machine they can't build or sell widgets or hire new employees, etc.

ACME Widget Corp has the financial records showing that they make a 17% profit on their operating capital. ACME Bank feels confident in ACME widget's ability to borrow the $10 million dollars because it's shown that even taking the cost of borrowing the money into consideration, ACME widgets can still make a profit and pay back the original money that was borrowed.

When the cost of borrowing money goes up, it makes it impossible for some business to stay in business or operate profitably because they can't afford to borrow the money to stay in business so people get laid off, fired, not hired, etc.

The fact of the matter is that business is a very efficient system and WANTS to work. The problem is that decades of government interference, social experimenting, bureaucracy has gummed up the engine because the left introduces artificial parameters into the model.