This is a link to the full S&P report http://msnbcmedia.msn.com/i/MSNBC/Sections/NEWS/SPdowngrade.pdf

Any time you spend more than you make, you do not deserve a triple A rating.

I guess we now can refer to this as the Teacession. Way to go tea party.

Any time you make such sweeping generalizations, you reveal yourself to be not that intelligent.

Of course we deserve it.

We’ve been living beyond our means for far too long now thanks to the ‘do-gooders’ that believe in Santa Clause, the Tooth Fairy, and money trees. Apparently currency is just something we can print.

What part of WE’RE BROKE is too hard for folks (52% of them anyway) to understand?

We need civics test as a prerequisite to vote in this country.

Question One and Question Two:

Is it right to take from one to give to another?
Can you actually multiply wealth by dividing it?

If you answer yes to either of yours, eh, no vote for you.

I’d run for Congress on that platform alone – bottomfeeders no longer have a say.

We are dead weight and dead in the water as long as we refuse to have the discussion on the parasitic behavior that is killing this once great nation.

So yeah, we deserve this.

I am less optimistic than Warren Buffett, considering the quagmire our political system is currently in.

S&P cited a lack of revenue as reason for downgrade.

I guess since the tea party’s approval rating is sitting at a pathetic 20% after this is all over, they will probably be in the single digits and Republicans will be distancing themselves away from the teabaggers the same way they did to George W. Bush and John McCain.

“We need civics test as a prerequisite to vote in this country”
The Voting Rights Act of 1965 prohibits civic tests for voting.
Considering the history of voting and civil rights in this country, any true attempt to get rid of universal suffrage would create Civil War part deux.
You are naive.

Barack Obama the downgraded president of a downgraded nation.  Sec Geithner said U.S. was at ‘no risk’ of being downgraded & opposed efforts to reduce debt in return for a debt ceiling increase.  We knew if he didn’t back away from his spending habits he would destroy our economy.

This all happened on Obama’s watch, way to go Barry.

But then where will they go? To the far far far far far right?

It happened on Obama’s watch. 

And if Obama would have really concentrated on jobs which even HuffPo knew he wasn’t doing, we would have had the necessary tax money because we would have had more tax payers.

http://www.theblaze.com/stories/huffington-post-slams-obamas-jobs-promises-with-deja-vu-video-montage/

The fundamental message from S&P is that Congress is out of balance – too much yin, not enough yang.

You cannot proclaim that you want to significantly reduce the national debt solely through budget cuts and refuse to recognize that revenue increases via taxation (whether it be eliminating corporate tax breaks or allowing the Bush era “temporary” reductions to expire) is also an essential component to the overall solution.

And if you are concerned about high unemployment, then you cannot do everything in your power to induce layoffs of public employees, and then point at the resulting increase in unemployed Americans and insist that the opposition bears sole responsibility for the outcome.

And they also said that we needed to cut four trillion. So we’re back to the drawing board.  Which was my initial point, which basically boils down to — no cookie for you. Or anyone else for that matter.

Feed, cloth, shelter, care for yourselves.

Hey braintrust…

Since 2009 —>

Unemployment? Up.
Food prices? Up.
Gas prices? Up.
Energy  costs? Up.
S&P? Down.

Don’t strain yourself here but try to see the obvious.

Obama has bankrupt America.
Cut Cap and Balance=AAA

That’s the narrative some on the right have been striving for all along right? Have elected leaders that manufacture a crisis, which was cited in the S&P report, refuse the big deal because they’re afraid of Norquist, create a dysfunctional government, and then blame it all on Obama.

Also, when you go 800+ days without constructing a single budget, not counting Barry’s that was voted down 97-0, followed by a spending spree of trillions of dollars.  You should expect the outcome. 

Either that, or the S&P is just plain racist.

nice considering it was a Republican House that wouldn’t budge. But maybe it was them saying no to the 4.7 trillion dollar deal the President offered and without revenues. I guess you truly believe he didn’t have a plan either. Wake up!

So will the liberals back policies that return subsidies instead of giving green energy loopholes to use?

I believe in a flat tax structure.

The American people disagree with you.

Americans said that they trusted Mr. Obama to make the right decisions
about the economy more than the Republicans in Congress, by 47 percent
to 33 percent. They were evenly divided on the question of whether he
showed “strong qualities of leadership” during the negotiations, with 49
percent saying he did and 48 percent saying he did not. And they were
still more likely to blame President George W. Bush for the bulk of the
nation’s deficit: 44 percent said that the deficit was mostly caused by
the Bush administration, 15 percent said it was mostly caused by the
Obama administration and 15 percent blamed Congress.

http://www.nytimes.com/2011/08/05/us/politics/05poll.html

Go read something and get educated instead of living in a teabagger bubble where you get your news from Drudge, Rush and Fox. You might learn something about the majority of the country.

I highly encourage everyone to read the S&P report before posting.

WOW, a NY Times poll that thinks Barry is swell, who would have thought.

What’s that you say, liberals?  The stimulus just wasn’t big enough? 

This is the result of the lack of leadership from the POTUS, his uncontrollable spending and failed economic policies…Liberals can blame whoever they want, but the truth is that this happened under Obama’s watch.

yea good link thanks. Basically says out govt is dysfunctional and they are pessimistic about spending cuts and very pessimistic about any revenue increases. What a joke we are. Our govt is a mess.

Talk of QE3 already on the table.

I don’t put much stock in S&P though. From my understanding, they bungled the housing mess so their credibility is shot.

‘No risk’ the US will lose its top credit rating, says Treasury’s Geithner
http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating
Obama’s downgrade

read the report jackass. Don’t listen to what FOX news is spinning.

Marie Antoinette could not have said it better herself.

Reality is more complicated. Much more complicated. There are repercussions.

Uh, cannibal, you’re a moron that didn’t bother to read the article. Of course the NYT buries the relevant polling —>

“There were signs that the repeated Republican calls for more spending
cuts were resonating with the public: 44 percent of those polled said
the cuts in the debt-ceiling agreement did not go far enough, 29 percent
said they were about right and only 15 percent said they went too far”

Ryan plan cuts over 6 trillion and passed the house.
Cut Cap & Balance passed the house.

Obama budget voted down by the senate 0-97 adding trillions.

Obama’s economy, Obama’s spending, Obama’s downgrade.

I guess they did work then….and the economy is in great shape..sorry about that

The Obama-gargling ‘Left will stand by this fool and watch him take the rest of us down to their level. Pathetic!

 Oh as for this, “You might learn something about the majority of the country”, you’ve proven, again, to be a complete imbecile.

U.S. Political Ideology Stable With Conservatives Leading –

Americans’ political ideology at the midyear point of 2011 looks
similar to 2009 and 2010, with 41% self-identifying as conservative, 36%
as moderate, and 21% as liberal.

From Gallup – Four Freakin’ days ago

http://www.gallup.com/poll/148745/political-ideology-stable-conservatives-leading.aspx

S&P has little credibility when it comes to financial-related matters. From my understanding, they didn’t do a good job in regards to something in the housing industry.

Link me this big deal you cite. Have you read the big deal? Did CBO score the big deal? No where in the S&P report did it mention this non existent big deal.

The big deal is a big lie.

Over 1/3 of the youth vote cannot name the current Speaker of the House.

Yes, of course you’re comfortable with these people voting.

They are the lowest common denominator of society and vote for Democrats.

We get it — you have to keep your coalition ignorant and poor. For their own good of course.

So that wasn’t Republicans calling for a smaller deal than the one Obama wanted?

Poll Shows Negative View of Tea Party on the Rise

By KATE ZERNIKE

Little more than a year ago, most Americans did not know enough about the Tea Party to have an opinion. Now, more people have opinions, and they are hardly positive.

The percentage of people with an unfavorable view of the Tea Party in a New York Times/CBS News Poll this week
was higher than it has been since the first time the question was
asked, in April 2010. Forty percent of those polled this week
characterized their view as “not favorable,” compared with 18 percent in
the first poll.

In the first poll, a plurality, 46 percent, said they had not heard
enough about the Tea Party to have an opinion (an additional 14 percent
were undecided). Now, just 21 percent said they had not heard enough.

The Tea Party may have benefited early on from people not really knowing exactly what it was.

While 18 percent
of people in the April 2010 poll identified themselves as Tea Party
supporters, just 4 percent of those polled had actually attended a
meeting or given money to the movement.

Without any central organization or policy platforms, the Tea Party
became a vehicle for all sorts of amorphous frustrations. Many people
came to it more out of anxiety about the economy or anger toward
Washington than for any specific policy position.

On Election Day, while 4 in 10 voters said they were Tea Party
supporters, many might not have known what they were signing up for.

The debate over the debt ceiling
gave people a more concrete picture: Tea Party groups and members of
the Tea Party caucus in the House and Senate — many of them elected in
the Republican sweep of 2010 — insisted that they would not raise the
debt ceiling under any circumstances. Members of the American public,
meanwhile, including Tea Party supporters, were telling pollsters that
they wanted compromise, not inflexibility.

Tea Party groups and lawmakers made debt reduction their priority, but
many Americans said creating jobs was more important. And while many
Republicans, influenced by the Tea Party, insisted that they would not
allow any increases in tax revenue, a majority of Americans said debt
reduction had to include higher taxes as well as lower spending.

Matt Kibbe, the president of FreedomWorks, the libertarian advocacy
group that has encouraged the growth of the Tea Party movement, said he
was not surprised that the negative views had grown, and blamed that
change on attacks from Democrats during the debt-ceiling debate.

“It’s almost a mantra with Democrats,” he said, “ ‘Call them Tea Party
extremists.’ It’s the inevitable price you pay for having an impact.”

He said that the issues that Tea Party groups had been pushing —
balancing the budget, reducing the debt and cutting the size of
government — continued to be popular. “These issues still animate a lot
of independents and a growing number of Democrats with buyers’ remorse,”
he said.

Jenny Beth Martin, a co-founder of Tea Party Patriots, a national
umbrella of Tea Party groups, said people might be upset with the Tea
Party because it was “holding Republicans accountable and not just
Democrats.”

“That bothers some people who tend to support Republicans just because
they have an ‘R’ after their name,” Ms. Martin said.

She said she had also seen an increase in her hate mail. But she still
believes the Tea Party movement is winning. “Part of the reason is that
we’re being effective, and we’re demanding change,” she said. “And
sometimes change scares people.”

http://www.nytimes.com/2011/08/05/us/politics/05teaparty.html

There’s also word going around that they miscalculated by about 2 trillion when they did the downgrade, so who knows?

What does what your political ideology have to do with whether or not the President made better decisions about the economy  or whether or not people still blame Bush for the recession.

Oh yeah nothing, but way to pull a poll out of your ass thinking it supported a counterpoint to my original post.

Teabaggers…

“I wear womens underpants and drink out of public toilets”- Fsnookie

To put such a hateful statement in quotes as if the President actually SAID that is beneath contempt. If you have no original opinion of your own, if you have no FACTS supporting your argument, do you ALWAYS MAKE STUFF UP?

Warren Buffet disagrees with you. But then, you probably make more money than he does.

Yeah, what’s the matter with Obama? He should have been creating those jobs out of thin air.

It’s great to see the Obama-garglers gettin’ so shook up about the Tea Party.

Whose coalition is ignorant??

Oh, yeah, right… the one that listens to lies all day long, emphasized with flashy graphics, screaming hosts and demagogues….

great just ignore everything and everybody except FOX.

Fsnookie was quoting you. LMFAO! heheheheheheheheh

FOX reports all the stuff ‘The Left doesn’t want anybody else to know about.

No forget that! FOX reports everything ‘The Left tries to hide about Obama.

Marie Antoinette never said what you think she said….

Okay as long as you agree to not be a hypocrite and not drive on our Socialist roads, or call the Socialist Fire Department when your house is on fire or call the Socialist Police when you get robbed. Definitely don’t expect our Socialist military to defend your freedom and defend your right to post idiotic shit on the internet.

Feed, cloth, shelter and care for yourself? Go for it just don’t use our shit, unless you are willing to pay your fair share.

A really amazing place to go if you don’t like paying taxes or big government is Somalia, I hear it’s a Libertarian utopia, where they really let the free markets rule, and really anything else that has enough fire power to do so.

You should definitely move there.

Damn. This is awful. This is a disgrace. We have been brought low.

I realize there are historical questions to what she really said, as well as certain aspects of her life. Much will never be known. Most people are unaware of this, still Marie was an epic fail without a doubt.

The fact remains Marie is a symbol for callous and uncaring behavior by those very well off. The comparison works for me!

No it wasn’t. 2 bills passed the house with much larger cuts than the one progressives supported.

No it wasn’t. 2 bills passed the house with much larger cuts than the one progressives supported.

“under
my plan energy prices would necessarily skyrocket” -Barack Hussein Obama

Do you support The Voting Rights Act of 1965?

Do you plan on employing huge amount of troops against Americans?

And what do you do about troops who support universal suffrage?

Do you have a vote by the people to take away universal suffrage, or to you support a junta?

Do you wish for America to burn? This is not hyperbole. This is a fact.

You have not a clue about reality.

Sounds like you may be a fan of Radovan Karadžić.

do you have a racial agenda?

I understand misrepresentation works for you. I was simply pointing out a historical fact.

So those without money should be prohibited for voting?

Thanks Tea Party!  What’s next on your agenda ya bunch of c*nts.

Well,
congrats, Liberals.
Look what you’ve done NOW.

Anyone griping about S&P needs a reality check.
For crying out loud, they SPECIFICALLY said…
They SPECIFICALLY WARNED for weeks…

…That
Congress needed to make a $4 TRILLION CUT in the debt. THAT was the benchmark figure that Congress HAD to go for. And that was
because they were already shaking their heads at an eye-popping Federal debt of $14.5 trillion — a debt, mind you, whose baseline was going to go UP yet
ANOTHER $10 trillion across the next few years due to entitlements and bullsh*t things like Obamacare.

So what did the Tea Party do? They said “Make the cuts.
Trim the government.
Hit that $4 trillion number at the very least.”

What did Liberal Democrats do? They pouted their elitist faces and declared all over the airwaves that their BRILLIANT economic idea was to go EVEN DEEPER in debt…that THEY want to start spending even MORE money on lame ass stimulus plans — even though NONE of
them have worked to date. But hey, Democrats have historically loved to FLUSH MONEY DOWN THE TOILET on all of their half-assed “social engineering” schemes like mad scientists. Even though — again — NONE of them have every actually worked.

So thanks, Libs.
No, really — thanks.
Once again, you brought the country down another step.
Which is why Election Day 2012 can’t come fast enough!!!

Misrepresentation of President Obama is what people like you are very good at.

 What is your problem. It doesn’t matter if you think S&P has little credibility bla bla. They are a huge rating agency. The report states exactly why they downgraded us and all you do is ignore,deflect, blame Obama, blame van jones, blame some other lefty u don’t like. This downgrade is specifically because we have a government that is absolutely pathetic across the board. They cant agree on anything. If you showed all of them a square half of them would insist it was a circle.  Once again WCinWI if you think you can cut your way our of this mess then go for it But no sane rational person or economist thinks as you do.

The Tearrorist have won.

 Once again moron it doesn’t matter what passed the freaking house! They might as well have passed gas!. Once they figured out what wasn’t going to pass they should have been working on a bill that raised revenues and cut spending. Then something might have passed that would have actually helped.

What’s next is easy — it’s making sure that an utter MORON like Obama NEVER gets a second term.

As well as making sure AS MANY LIBS AS POSSIBLE are removed from Capitol Hill too.

Because ONLY by doing that will we still have a country in a few years.
And yes, it really is that simple and basic to understand.
And after tonight, you can bet every American now realizes JUST how much Obama NEEDS to go.

The government doesn’t create jobs, even Jay Carney knows that much.  However, adding 95 billion dollars in new regulations, certainly does hinder job growth.  Don’t ya think.

http://www.americanthinker.com/blog/2011/08/obama_administration_added_95_billion_in_new_regulations_last_month.html

Creditors don’t care if you stop spending money, they care if you stop making money.

When they see that the Tearrorist have a stranglehold cutting off new revenue, there was a price to pay.

The removal of Barry from office.  It will be done.

We have a worse credit rating than the Isle of Man…Thanks Obama

We have a worse credit rating than the Isle of Man…Thanks Obama

In January of 2017.

You’re right.  We’d have a MUCH SMARTER electorate if all those damn morons would just stop watching MSNBC!

 Read the report LA then rewrite your stupid post.

 yes I say we vote in someone who takes the bible literally,and thinks the earth is 6000 years old. That will do wonders for this moronic country.

I guess that’s why you clicked on the like
button next to my post

I guess that’s why you clicked on the like
button next to my post

>> “But way to pull a poll out of your ass thinking it supported a counterpoint to my original post. Teabaggers….”

LMAO!  This snarky reply coming from a person who backed up HIS argument by simply linking to worthless NY Times article. Because magically that somehow supercedes any other poll data that contradicts it.

Riiiiiiiiiiiiiiiight.  Good going, man!
You got some really solid thinking on display here!!!

>> “But way to pull a poll out of your ass thinking it supported a counterpoint to my original post. Teabaggers….”

LMAO!  This snarky reply coming from a person who backed up HIS argument by simply linking to worthless NY Times article. Because magically that somehow supercedes any other poll data that contradicts it.

Riiiiiiiiiiiiiiiight.  Good going, man!
You got some really solid thinking on display here!!!

Dude for centuries in this country people voted who couldn’t even read, or write. You are an elitist republican douche who thinks that you and only you and your ilk have a right to say how this country is run.

Typical Liberal — can’t do math.
No WONDER we’re drowning in so much f*cking debt with Libs in charge.

Little friendly tip for you: take your January 2017 and deduct 4 years.
THEN you’ll have the right answer.

The only thing that will help reduce our debt is if we elect people willing to reduce
our spending. The progressive plan to spend us into bankruptcy is mostly
complete. America may have one more shot at this in 2012. Vote for limited government and save the nation.

I screwed up.
I guess this gives you a small victory.
Such is life.

I find the history of the French Revolution interesting. If you feel the same way and know a lot about it, youdeserve the like.

Worp there is no way humanly possible that we can cut our way out of this mess! Why cant you see that. Look at the budget. And if you think you current version of tea party dolts in congress have any intention of making any real cuts you are dreaming.

Where was S&P when Lehman Brothers was collapsing??  You didn’t hear a peep out of them when the banks were over leveraged and they were still getting them a AAA rating.  

Obama’s economy is terrorizing America.

Sure we can live within our means, and the
federal government should be required to. Pass a balanced budget amendment, end
baseline budgeting, pass a flat tax or a VAT(not both) close the loopholes and
pull 1% off the current budget each year till it balances.

K balanced budget amendment will never pass. Flat tax would take years to work out and will never happen because congress cant agree what the color red looks like. Pull 1% out of current budget till it balances i don’t disagree with. Once again you would have to get this through our messed up govt don’t know how that will ever happen so good luck.

If you
like history then why attribute to MA a quote from JJ Rousseau from 1769 when
MA was still a preteen in Austria? It seems to me its propaganda you like not
history.

The
French Revolution aka the Reign of Terror is interesting in that it forms the
basis for the statist ideology.

The S&P was wrong about mortgage derivatives and (in the short term) they are
wrong about the US debt. Regardless we’ve got a huge spending problem leading
to the most predictable economic collapse in history. We need a course
correction nowish.

Increase the taxes, cut out oil subsidies, end the wars, have the government negotiate for cheaper drugs and change our trade policy. The problem is that Republicans nor the Democrats will do it.  

Sounds a lot like hope and change. 4 more years much? If not then who?

I don’t see a lot of change coming from the Republican candidates; their on a religious crazy train crusade.  I wish we got some more change from Obama.  I was hoping I was going to get a little more FDR.  He should of put the pedal to the metal and went for it instead of trying to get along with a people who don’t like him and will never like him no matter what he does.

Those damn tea-party jackasses have disrupted the republican agenda to the point where I can’t vote in good-faith next election knowing  that these morons will screw up any sensible republican plan. Good Job, Anarchists!

Well, what’s the alternative? To vote in more Democrats and let them control all branches again? Good plan! Then they can spend us into total oblivion with their moronically misguided ideas that will ENSURE the country goes down for the full count.

Not to mention, the #1 reason to NEVER vote Democrat ever again? They’ve ALREADY gone on the record as saying they’d make Pelosi the House Speaker again. And to quote Dennis Miller: “That woman is SO bat sh*t crazy, I KNOW she sleeps hanging upside down!”

Sorry, but there’s simply NO WAY that the Bride of Frankenstein should EVER be allowed to hold the gavel AGAIN.

political discord caused this mess
send moderates who can work together in the house and the senate next time

That’s such a simplistic statement.

It’s all relative. Barely anyone actually runs a surplus anymore. I think Norway is the only western country that does so, apart from that you have to look at bastions of democracy as Chad and Qatar. By your logic no one should get AAA ratings and investors shouldn’t invest their money into any Western bonds.

It’s clear that the US needs to do more to deal with the debt it’s accumulated over three decades, buts S&P have jumped the gun here. I wouldn’t have put it past them to cynically do this as payback for to Obama adminstration who completely trashed them in 2009 after highlighting how corrupt and useless they were during the banking crisis.

That’ll fix their asses, by golly!!!

And you stay up all night, every night just to post stupid comments like that on a
Internet Comment board!
What an exciting life you must lead…

Fact: 1st post at mediaite and right off you blast
the ones trying to keep America from spending under the 100% GDP spending rate.
Well Jackass how much more do you want to tax and spend on a credit card that
has been maxed out. You are spending at a rate that you can’t print enough
money out from treasury so you keep begging and bumming from China. The Tea
Party has it right by saying hey if you don’t have the money don’t spend the
money. Hey why not be a demarodent and turn into a kleptomaniac and steel it
from people that earned it themselves because you are entitled to their money.

Fact: Saving money is insane! Stop the madness!

Fact: That’s why in 2012 throw Obama and his bunch under the bus! Tea Party rules!

Fact: Obama’s extreme policies caused the US debt rating to be downgrade. That’s the fact! I know facts and that’s the fact!

If Little Timmy Geithner won’t jump from the ledge he’s on, will SOMEONE PLEASE PUSH HIM? I would, but the gas to get there is too expensive.

Exactly the situation brilliantly said.

No, they care about the relationship between what you are making and what you are spending…. its a NET value equation.

Barry congratulations another first! The first time in American history that the the country’s debt has lost its AAA rating!

And Barry, it was all because of you, but you have set other records as well:

Record number on welfare

Record number living below the poverty level

Record number of foreclosures

Record debt

Record deficits

Congratulations on destroying the USA in just 2 .5 years!

‘True’……but there were 2 other options for solving that problem…..’Cut Sending&Raise Revenue’ or ‘Find Additional Revenue’….seems like this was a ‘one-way-resolution’(CUT)that ended up costing the American People what both Parties in Washington claimed ton ‘NOT’ want……………………..’INCREASED INTEREST’(tax) on the People! It seems like the gamble, did not pay off!!

God, who would have ever thought the the S&P were racists?

LOL

You refuse not to be stupid!

The S&P said the problem was the debt and Barry created $4 trillion in 2.5 years at 100% of GDP!

hahaha

Yes, I can see you on the guillotine as we speak and then your head on a pike as those people were wont to do to those opposed to their views. You and libs would fit right in, considering they slaughtered 600,000 of their fellow citizens during the revolution.

Presidents Obama’s watch….’True’……but try not to forget, he had help from a Congress that ‘Blatantly-Refused’ to seperate the Debt Ceiling Debate from the Budget Debate(as normally done)….such a strict stance, may sometimes lead to Disasters, such as now!

He said “In Omaha”, not “In Obama”.

Hey idiot- it was the debt that caused this. And guess who is president? Barry the Great!

Try January 2013 loser.

But your opinion  means nothing and S&P’s opinion means everything!

That’s irrelevant child.

Here is what S&P said:

” It said the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings in the future.”

You libs would not cut the debt!

STFU, you ignorant lib.

If that statement is based off of your understanding of a what a fact is, I and anyone else who has read your posts, can safely say that Obama’s policies did not cause the debt rating downgrade.

No I think we should elect people who hire people as stupid as this:
‘No risk’ the US will lose its top credit rating, says Treasury’s Geithner
By Michael O’Brien – 04/19/11 10:33 AM ET
Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”

So the plan is to send a few extremists to Washington to hold up governement, in hopes this will sabotage the administration, so that in a few years people will vote for your guys?

I don’t know whether to love the audacity of the teabaggers or want them be stomped, probably the latter. Here is some of what the President offered to the Republicans

—Increasing the eligibility age for Medicare recipients from 65 to 67 by 2036.

—Raising co-pays and premiums for Medicare beneficiaries based on their incomes. Such “means testing” already exists; the president’s proposal would expand it.

—Decreasing the size of annual cost-of-living increases in Social Security benefits.

Obama first talked of tackling Medicare,
Medicaid and Social Security spending in his State of the Union speech
in January. After a budget stalemate nearly shut down the government, he
revived the talk in April.

In a speech at George Washington University, the president offered the outlines of a $4 trillion deficit reduction plan over 12 years. It included reductions in Medicare and Medicaid spending of $340 billion by 2021, or $480 billion by 2023.

So the Republicans say no and demand more, essentially holding the faith and credit of our nation hostage. Finally agreeing to a deal with has no new revenue.

Then when our credit rating is dropped, the Republicans blame Obama.

And they balk when we call them anti-American and hostage takers.

I noticed that too. The editing on this site is not that good.

KEEP UP THIS STUPID FOX ENTERTAINMENT CHANNEL CRAP! THE WORLD! HEAR ME YET?! THE WORLD KNOWS IT WAS AND WILL CONTINUE TO BE THE REPUBLICAN/TEATERRORIST PARTY CAUSING THE DOWN FALL OF AMERICA! GOOD TRY WITH THE BLAME GAME SWITCHAROO! NO DICE!

Hey Buffet, you’re as culpable, with your rediculous left wing assertions, in the downgrading of America as those two jerks freeloading in our White House, you old coot.

The US government has mismanaged its finances in egregious ways ever since the FDR administration.  Finally the inevitable downgrade arrives, and the liberal media….attacks the rating agency.

Of course, that could have been easily predicted.  Blaming the messenger and denial of reality are two of the specialties of the liberal media.  While they are at it, why doesn’t the liberal media blame the Chinese for selling almost all of their dollar-denominated holdings, blame investors for pushing up the price of gold, and blaming the sun for rising in the East and setting in the West.

We were downgrade not because we didn’t quickly raise the debt ceiling but because we didn’t fix our financial mess.

US takes in $180-billion a month. US then borrows $120-billion a month so it can spend $300-billion a month. Who in their right mind would loan the US any money at all? Who in their right mind would give the US a AAA rating?!

I have lost all respect for Warren Buffet.  Where in the hell does he come off with those comments that make everything seem like it’s all roses?  He is a diehard Democrat who refuses to put Obama in his place unlike some of the other CEO’s.

On January 20, 2001–the Day George W. Bush was inaugurated, there was not only a balanced budget, but a BUDGET SURPLUS.

 What happened, right wingers?

–Cobra

Sorry but you should read S&P’s statement, for the first time.  What they said wasn’t that tying the debt ceiling raise to a plan to contain costs was a bad idea, but that it didn’t do enough.  Had republicans not forced cost cutting to go with the debt ceiling raise, we would have already been downgraded.  Fact is you cannot spend so much more than you take in like we have done since democrats got control of the budget (last 2 years of Bush and first 2 years of Obama).

And democrats in Congress said they would not touch medicare and social security.  If Obama though the cuts needed to be made in entitlements, why did he not insist they be part of the automatic cuts if the super committee does not reach a decision?  Or why did he not insist that the first rounds of cuts target entitlments?  Fact of the matter is, you’re just repeating what we already know about Obama.  He talks a great game, but never follows through.

The Democrats are right.  We in “flyover country” have been a drain on the United States for far too long.  Please allow us to leave the Republic peacefully and you in the NE the west coast and the urban areas and you can live in prosperity and we will try to get along the best we can.

There was a PROJECTED surplus. 9/11 happened.

“In Obama…”?  WTF does that mean, anyway?

You sure are bright and insightful!

“I don’t get it. It doesn’t make sense. In Obama, the U.S. is still
Triple-A rated and if there were a Quadruple-A I’d give the U.S. that.”

The quote got munged. Buffett’s company is located in Omaha, not Obama.

So fiscal responsibility = terrorism. Got it. Oh, and thanks for screaming.

Well Warren, America didn’t deserve a downgrade but they didn’t deserve Obama either. Unfortunately we are stuck with both. That old ‘math’ and ‘economics’ thing getting in the way again. If you support this man then donate ‘all’ your money to the benevalent big government policies or STFU. The fact is one might get the idea that you have a ‘financial’ interest in all this by ‘buying’ protection from big brother. Investments doing okay Warren? The Dodd/Frank act is destroying our financial interests and one might suspect it is being done for redistributive purposes. Naaa….where would we get that idea? How are your investments doing again. Just want the perspective of an ’insider.’ Thanks.

It took super cojones for S&P to do the right ting and, in effect, call out the lunatic-left d-cRAT socialists for their reckless, wasteful, irresponsible, out-of-control SPENDING, which is causing great harm to our country and its future. S&P joins with the Tea Party patriots of America in taking a firm stand AGAINST such excessive spending and FOR THE NEED to restore fiscal sanity to washington.  Certainly, the uncivil d-cRAT socialists- and their stooges in the socialist media – will now vilify, demean, slime,  attack and do everything else they can to DESTROY S&P so they can continue their reckless, wasteful, irresponsible, out-of-control SPENDING without interference from such “terrorists”.

Thanks to the courageous action of S&P – along with those of the Tea Party patriots of America – all Americans hopefully will now unite to restore fiscal sanity and responsibility to washington. That will be a two step process: 1. defeat each and every TAX-and-SPEND d-cRAT socialist in Nov. 2012, and 2. support enactment of the Republican/Tea Party-created Balanced Budget Amendment and the Cut, Cap and Balance program. 

everyone agrees the US debt trajectory is unsustainable, and politicians did nothing to reduce it.  S&P is being honest in its assessment, and that’s their job.  No need to shoot the messenger….

OMG, you are dense

Of course they did. It is my understanding that US credit rating was already downgraded in November by an outside global rating agency. You are blowing smoke u———s of American taxpayers if you insist on spinning this any other way.  As Ron Paul accurately and consistently has pointed out Fannie and Freddie had a false misleading triple A rating too…so much for US AAA ratings.

There are multiple statements out by S&P…there is also a statement reguading not raising renues…..so again, there are muliple ways to attack this problem, not simply one way!

Again…there are statements out by S&P that says….it was considered~’Not Raising The Debt Limit’ as usually done…..read the many statements by them!!! Confusing, maybe, multiple, yes!!

Again…there are statements out by S&P that says….it was considered~’Not Raising The Debt Limit’ as usually done…..read the many statements by them!!! Confusing, maybe, multiple, yes!!

“”In Obama, the U.S. is still Triple-A rated and if there were a Quadruple-A I’d give the U.S. that.””

“In Obama?” What the heck does that mean? We should get an AAA+ rating because Obama is such a fine manager of our national assets so savvy about economics?? 

Okay, just watched the video. He said, “In OMAHA, the U.S. is still Triple-A rated…” Mediaite has the quote wrong. Never mind.

Buffet must be getting old. Even a non-financial genious like myself knows you can not spend more than you take in indefinately without consequences.

When Bush came into office with a $128 billion surpluss and left office with a $161 billion deficit why didn’t the S&P downgrade our rating at that time? Obama’s total projected costed for FY 2009-17 is $1,566. Placing all the blame on Obama is another racist approach to discredit our current President.

I disagree. The S&P stated clearyly that the POLITICAL disarray in the country as bragged about by the republicans is the reason for the downgrade. The TPARTY HAS PROMISED at a least another year of economic uncertainty and hostage taking in the political realm. THEIR goal is to make OBAMA fail and their actions clearly demonstrate that they will do anything to the country to make that happen. Our economy is in the words of CHENEY just collateral damage  the TPARTY on its way to achieving its IDEOLOGICAL GOALS which are in conflict with the US CONSTITUTION.

in obama? he sayd omaha

Good catch! I listened twice to check that quote. The first time, I thought I missed the Obama reference, only hearing the Omaha reference. The second time confirmed that Mediaite blew the quote. Sounds similar, but no cigar.

It is also not good that this is what the courts would call hearsay. It wasn’t Buffett talking to Fox, it was someone who had just spoken to Buffett talking to Fox.

I think the general idea that default is never going to happen is what matters, and that is what Buffett is saying, albeit not directly to Fox.

He is also a self-made billionaire.
Not that he started dead broke. No log cabin or slum poverty. If you knew his bio, you would swear that he must be a conservative judging by his upbringing and his business savvy.

You see, WB first learned business, then applied that knowledge to politics, as opposed to someone who first decides his/her politics, then tries to connect that to real world business.

If I said put your money where your mouth is, who would win the argument? You, or Buffett?

Glad you admit you hate America and agree with the S&P downgrade. BTW did you agree with S&P when they were giving triple A ratings to banks that were giving anyone home loans and pumping up mortgages claiming their high triple A ratings to unsuspecting customers who didn’t know they were shit? Yeah, thought so.

Of course you know that the teaparty wing of the Republican party held our economy hostage and that was really the primary reason for the downgrade as mentioned in the S&P report which I am sure you read.

But don’t let facts get in the way of a great bullshit comment posting.

S&P warned 4 weeks 4T in cuts or else.  Was in every paper and news station, including Libs.  The made it clear.

51% still live in mommies basement and never moved out into adulthood.

The extemeists are the Tea Party Republcians in the House, and that’s a fact. They were elected on a false premise that they would create jobs, and their results are to take us to the brink of a economic crisis. They have not created any jobs bill and won’t because their ideology will not let them and that is extremism and is not how this country has operated since the debt ceiling was used, 1939. They aligning themselves with evangelists and extremists libertarian ideals, that are foreign to the founding fathers ideal of a liberal progressive state, not controlled by a corporate and wealthy elite group of 400, like the Kochs. They came to power financed by wealthy elitists using fake names, like Americans for prosperity, but those Americans have no plans to create jobs or anything else in this country, but a third world. They claim taxation and regulation created our problems when it was deregulation of the banks and low tax rates, with  two wars, that are the problems that got us to this point. They don’t want to pay, and that means they are deadbeats.

You said:

“….the founding fathers ideals of a liberal progressive state”

Response:

Who taught you history son, Karl Marx.

Ooh, blame, blame, blame….you have no idea who your even blaming. Talk about something positive instead of running people down. Everyone in this country is trying the best they can to get the Congress to move and do something positive. they aren’t listening. It’s not just one party over another. Grow up and pay attention.  The whole darn WH is full of jerks and thieves. No one is any better than  the other. Waste your cinical words on saying something positive about the whole works. There is no one party that has caused any of this…..look to your Congress.  Put blame where it belongs.

Aren’t you ever going to get over the same complaints.  Open your eyes and see what is taking place. If your precious party is not doing the best for this country….then yes, it’s not working.  If you can’t think of anything to write besides whose “fault” it is…then don’t bother to say anything.  You honestly think one specific party is doing all this manuvering with the cash.  Wake up!  It isn’t a party of this or that….it’s our wonderful Congress playing games with Americans. They feel no shame…they sit up there and laugh at the rest of us just because they are Congress. I’m not a dem or repub./ more independant…but face the fact that Obama and his friends have over-spent big time and we are now in deep deep trouble. Pull your head out and except the fact that he isn’t the perfect guy that the democrats thought.  He spoke and you all bowed down….now you are seeing the results and you don’t like it; so what do you do?   you blame the other party…..no one really cares who is to blame…it’s all old news…lets just support the right thing to do and run with the ball before we have left only one large ball to through into the hole.  China is laughing at us and rubbing their hands together.  Want to be owned by China? Then give support where it’s needed.

Hey Cobra.  Yes, its me Purveyor, I have a different ‘nom de plume’ since the change over. BUT, I am watching you…  LOL

Some of them were very liberal for the day. Franklin was. That’s why you don’t hear about him from Palin and Bachmann. Washington, on the other hand was an elitist. Others were too conservative for even you, I bet. A group of them asked a prince to come be the king, but they changed their minds before he could respond. Wasn’t a British prince, of course.

In summary, the ideas of the founders were every bit as diverse as we are today. Anybody who tells you they all thought alike is lying or ignorant. I will assume that you are not lying, just ignorant and gullible.

Ever heard of buying stocks on the margin?

Instead of shooting your mouth off, go ahead and look up his investments. You can do it, and you can start with the net worth of Berkshire Hathaway. Buffett is doing just fine, and then some.

You sound like a quadriplegic telling Michael Phelps he can’t swim.

Snappy comeback.

I think Warren is wrong and speaking out of misguided pride. He endorsed Obama, now look where we are. 

Why does it mean everything?  S&P’s is one of three ratings agencies.  It is also the primary ratings agency that misapplied AAA status on those fraudulent mortgage-backed securities.  I don’t see how they in particular have so much pull.

4 trillion in cuts to the deficit, not just cuts in spending.  We would have had the 4 trillion if the Tea Party hadn’t completely refused to negotiate on taxes.

That would be serious if the Isle of Man wasn’t at the very top of the list.

Not the debt. That didn’t bother them. It was the TEA Party refusal to pay the debt that bothered them.
They fought it until Aug 2, and they promise to fight paying the debt next chance they get.
Tea Party are deadbeats.

Not the debt. That didn’t bother them. It was the TEA Party refusal to pay the debt that bothered them.
They fought it until Aug 2, and they promise to fight paying the debt next chance they get.
Tea Party are deadbeats.

http://www.rawstory.com/rs/2011/08/05/poll-tea-party-support-shrinks-by-half-since-2010-elections/

You must have been born the day Obama got elected. You have no memory earlier than that, and you have the mental maturity of a 3 year old.

The Tea Party was the ONLY group who called for sane spending cuts and got next to nothing, so they are responsible?  Did not everyone hear from the S&P and other rating agencies that we needed a minimum of $4 billion in cuts and we only got a watered down $2 billion over ten years?  What did we think would happen…did you really think the cold hearted, non-political rating agencies were fooling?

What this says to me is…the Tea Party people are the only ones who make any sense and we’ve got to vote more into office in 2012

Switzerland runs a surplus and is one of the safest and most stable countries in the world. 

Berkshire Hathaway’s portfolio companies were huge recipients of bailout money. Obama had Buffet’s back, so know Buffet is reciprocating. Crony capitalism, funded by the US taxpayer, for the benefit of the very billionaires Obama claims he is going after.