S&P downgrades U.S. credit rating

Discussion in 'Free Speech Alley' started by Bengal Buddy, Aug 5, 2011.

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  1. SabanFan

    SabanFan The voice of reason

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    What? :confused:

    Greece, Italy, France...That EU?
     
    SabanFan, Aug 9, 2011
    #121
  2. LSUsupaFan

    LSUsupaFan Founding Member

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    You forgot Spain, Ireland and Portugal. Countries that all nearly defaulted on debt in the last year.


    By the way LaSalle, which EU countries have AAA rated debt?
     
    LSUsupaFan, Aug 9, 2011
    #122
  3. tirk

    tirk im the lyrical jessie james

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    just google worlds strongest economy and Im sure thats how it happened.
     
    tirk, Aug 9, 2011
    #123
  4. lsu99

    lsu99 whashappenin

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    Is there any sort of chart that breaks down our deficit by how much we owe each country? How are the interest rates determined?
     
    lsu99, Aug 9, 2011
    #124
  5. mobius481

    mobius481 Registered Member

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    Swing and a miss there. Those guys are in serious trouble right now. They are in a place that we could be in about ten years if we don't get our situation under control. Take that back, probably closer to thirty years.
     
    mobius481, Aug 9, 2011
    #125
  6. mobius481

    mobius481 Registered Member

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    The market sets the rate just like any other bond. Here's an article with a chart showing who has our debt.....

    Who Holds U.S. Debt? - Seeking Alpha
     
    mobius481, Aug 9, 2011
    #126
  7. red55

    red55 curmudgeon Staff Member

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    Obama pushed legislation that would have met the $4 Trillion debt reduction that S&P was looking for. The Tea Party shot it down.

    Yes they do. Now you are seeing the consequences of politicians who put party ideology above governing, which is the art of compromise.

    Spineless ignorance describes Boehner at this point, he puckered up and kissed the tea party ass and still couldn't control them. He's lost credibility as house leader and will soon go the way of Gingrich. Meanwhile the republicans appear to be running a slate of candidates that will beat each other to death trying to get to the right and get the nomination. And then, of course, they will be too far right to win the general election.

    Obama blows alway all competition and you had better get ready for four more years.
     
    red55, Aug 9, 2011
    #127
  8. red55

    red55 curmudgeon Staff Member

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    $10 trillion of the 14 Trillion dollar debt is held by American investors.
     
    red55, Aug 9, 2011
    #128
  9. SabanFan

    SabanFan The voice of reason

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    Nobody knows what actually went down in that meeting between Obama and Boehner. God only knows what other kind of crap was included, if indeed it really happened.

    We don't even know his opponent and he's losing.

    GALLUP: Obama “Losing” To Generic GOP 2012 Candidate | From the Left

    The Fed is going to keep interest rates low through 2013 which means they don't expect much economc recovery if any. Obama is going to get his half white ass kicked.
     
    SabanFan, Aug 9, 2011
    #129
  10. red55

    red55 curmudgeon Staff Member

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    Well we have statements from all the players that were there, including Boehner. You have become a FLABENGAL denier.

    Exactly. He's losing to nobody.

    You said that in 2008, too.
     
    red55, Aug 9, 2011
    #130
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