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9 Comments
bobknight33says...Here comes the Judge.
Nothing like common sense. Too bad the Government leaders don't have any. They just have self interest
Barbarsays...Frankly, I'm surprised it took as long as it did for the rating to be downgraded. This has been in the pipes for quite a while. I rather expect it was being suppressed for a time, but now it can no longer be played down with a straight face.
GeeSussFreeKsays...This message is entirely racist.
bobknight33says...WTF
>> ^GeeSussFreeK:
This message is entirely racist.
heropsychosays...Couple of points in this that are absolutely laughable.
If the gov't can't borrow money, would it continue to function? Yes.
Would it require we immediately cut defense funding overnight, completely withdraw from Afghanistan and Iraq? Yes.
Would we have to become isolationist? Yes.
Would it destroy the US economy pretty quickly? Yes.
Look, even if you're a deficit hawk, if you actually understand economics, you'd know that even if you wanted to transition all gov't expenditure to pay as you go, you can't do it overnight. It's the economic equivalent of throwing someone suffering from hypothermia into a sauna to warm them back up.
The president has gone back on some of his promises like torture, etc. How in the hell is that of any relation to lowering the credit rating of the US gov't?! Yeah, Obama, just like every president in US history, lied, and that means that the national debt, which couldn't be paid back even in this decade, will never be paid back because of Obama, even though Obama would have been out of office for decades before those debts are paid. Why did creditors trust Bush after WMDs weren't found? Why did they trust Clinton after lying under oath about his affair? Why trust Bush Sr. after the "read my lips" gaffe? I think I know why. BECAUSE THEY WEREN'T RELEVANT TO THE US GOV'TS ABILITY TO PAY BACK DEBT!
The above clip is common sense? No, it's narrow minded partisan hackery with a large dose of absolute ignorance of economic policy, regardless of your ideology.
GeeSussFreeKsays...>> ^bobknight33:
WTF
>> ^GeeSussFreeK:
This message is entirely racist.
A poke at Netrunner, and the constant used of racism as a way to discredit at a glance.
petpeevedsays...Ah. The familiar sound of Republicans blaming Democrats for putting the country in debt.
Don't let truth get in the way of your rhetoric.
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
cricketsays...*dead
siftbotsays...This video has been declared non-functional; embed code must be fixed within 2 days or it will be sent to the dead pool - declared dead by cricket.
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