Is the Tea Party to Blame for S&P's downgrade?

Originally posted by beezzer
PEOPLE should spend. Governments should not.
Again, you're endorsing keynesian ecnomics. Fine. I get it. For you; taxes good, spending cuts bad.

It's just a good thing not everyone thinks as you do.

OK, so government cutting spending means that government should cut down jobs? Due to the tea party the government has actually been cutting down jobs and adding to the unemployed.

read his article below: Government cutting spending

Yes i am a proponent of keynesian ecnomics or mixed economic for obvious reasons

The op, if correctly understood, is putting the downgrading of the US credit rating, one that has been held since 1917, having survived numerous recessions and depressions, good and bad times at the feet of the tea party. And the question must be asked, can a group of 85 people who hold no clear cut majority actually do such, are they really to blame? The answer is no, they are not to blame, yet people would demonize them and use rhetoric, ironically after the calls for civility coming from the other side (which was ignored.) Everyone is looking for someone to blame, it isn’t my fault, for this reason or that, yet not one person is willing to place the blame where it rightfully lies, at the heart of the matter, the government at all levels. The country was in trouble, yet no one wanted to take a hard line, no one wanted to stand up and say enough or hold their elected officials accountable for their actions. Oh we heard the blame, it was always the other guy, it was the other party, as politics went on.
The debt problem has been going on for a long time, make no mistake about that, ever since 1917, and not one politician worth the money they are paid, every thought twice about it once they were entrenched in the seat. Not one, ever thought, hey we need to do something about this, and very few ever decided to try, only to be voted down. Every incumbent in office is responsible and that responsibility goes on up to the president who has shown a lack of leadership to try to guide the country through a difficult period. And the people spoke. States are going bankrupt, as is the country, the money is no longer there and there are bills to pay. So they decided to take a stand, though it was a bit too late. This did not come over night, this decision was not made lightly or without care or thought, the country was told that this was going to happen long before the tea party came into power. The signs were present, and the government ignored it. Spend away, credit today, worry about the bills later, don’t worry is what we were told. Failed bailouts, a population out of work, with no money coming in and too much going out. In short, the blame is not the Tea Party, rather it lays at the feet of the rest of the congress for failing to address a growing monster, and a president wanting to do the right thing the wrong way. The question of does the country need another entitlement, called health care, that we can not afford at all, when there are not enough people working to support or sustain it, with a growing number of people retiring and going on Social Security, and an every growing lack of jobs in the country. States that are fiscally sound, while others were failing, very few said take a hard look at them and see what is working, no it was easy to sit back and complain. The fault lies with the government and the people and it is time we realize that, and stop playing the same political game that every one has played for years, blame the other party.
This is the real cause of the problem: A reckless spending policy on the part of the federal government and a tax code that has too many loop holes in it.
Spending on policies, like to teach African men how to clean themselves, and other worthless items where the money went, spending and giving away money to other countries to help them out, billions a year, even though those countries hate the US, but they take our money non the less. And tax loop holes that allows companies like GE that makes billions in profits and pay 0 in taxes. That is what needs to be changed, and the mindset needs to be changed if we are to re-achieve that credit rating again. It means that a lot of the entitlements that are proposed needs to be scrapped, and the tax codes be rewritten, to close those loopholes and ultimately start the countries economic engine again. It also means getting rid of many of the laws that would prohibit the growth or start of businesses in the country to where people can start to get back to work.
In Congress, the mind set of spend cause we have it, needs to be more of, we can spend the money but no, we will not, lets save it and let it grow.
For the past 30 years the debt has been brought up time and time again, yet no party or congress has ever addressed it until now, and now it is too late, the only question is as we are at the bottom of the pit, are we going to keep digging deeper or start digging our way out of the mess we are in.

Originally posted by LiveEquation

Originally posted by beezzer
PEOPLE should spend. Governments should not.
Again, you're endorsing keynesian ecnomics. Fine. I get it. For you; taxes good, spending cuts bad.

It's just a good thing not everyone thinks as you do.

OK, so government cutting spending means that government should cut down jobs? Due to the tea party the government has actually been cutting down jobs and adding to the unemployed.

read his article below: Government cutting spending

Yes i am a proponent of keynesian ecnomics or mixed economic for obvious reasons

edit on 6-8-2011 by LiveEquation because: (no reason given)

The Govt does not create jobs.

Thank God the Democrats and Republicans have the TEA party as a scapegoat,

BTW,
Tea Party Movement as Large as Nation’s Entire Liberal Population, Say Gallup Polls
www.cnsnews.com...

The Tea Party is a fake activity to trick the Chinese into thinking we're cutting spending....

When in reality the battle plan is to make our currency worth the same/or less than theirs....hence stopping their Industrial Revolution resulting in their economic collapse.


The Saud's knew about it...hence why they got mad and unplugged from the US dollar in 2003.

Originally posted by macman
The Govt does not create jobs.

Interesting idea...looks ingenious at first until you realize you know nothing about military and government spending.\ Do you even remember cash for clunkers? read this article: TIME MAGAZINE

reply to post by LiveEquation


The govt wasn't creating any jobs when they took over the auto industry here and shut down tons of dealerships, at their own warped discretion. How anyone can give your economics any more than a hardy guffaw is beyond me.

Originally posted by LiveEquation

Originally posted by macman
The Govt does not create jobs.

Interesting idea...looks ingenious at first until you realize you know nothing about military and government spending.\ Do you even remember cash for clunkers? read this article: TIME MAGAZINE

Interesting as to the Govt has to take taxes first from the tax payer, then they can employee people for Govt jobs.

And interesting as well it the cash for clunkers was again, take money from the tax payer, and give to someone else.

Keynesian Economics is down on the right, first door. Department head is Karl Marx.

But for the Tea Party hijacking the political process, and creating a crisis atmosphere over the raising of the debt ceiling which culminated in a complete circus environment in Washington, the rating agency most likely would not have acted in the way it did. Had the Tea Party stepped up and understood the role of governing, and the historical importance of compromise, a strong bi-partisan agreement could have been reached and signed into law that would have used budget cuts and tax revenues to address budget concerns.

Instead of seeking a remedy to our fiscal problems the Tea Party resorted to the most despicable array of political treachery that this nation has ever witnessed in a cruel desire to thwart the national needs.

another site says

As the American economy slides into depression and many of us are reminded of what our great-grandparents and grandparents went through with the Great Depression, we are all left watching as people try to blame President Barack Obama when, in reality, we all know who to blame.

Yes, we are talking about the Koch Brothers and the rest of the Tea Party “patriots” who want show off just how ignorant and unpatriotic they really are by pushing our nation into economic ruin.

I know the excuse is that the debt has been around for a long time but...this really didn't have to happen. And we all know that 'GOD' was once again behind the tea party success..

LINK

Hard-core Tea Partiers were, and remain, dead set against raising the national debt limit so that the government could borrow enough new money to avoid defaulting on its obligations (and to prevent the catastrophic economic disruption that would provoke).

So Scott and some fellow lawmakers did pray together for divine guidance after the meeting with party brass and God apparently instructed them to continue voting no.

Originally posted by LiveEquation
But who really is to blame for this mess?

I'm going to go with:

C) Congress.

What do I win?

/TOA

Originally posted by macman

Originally posted by LiveEquation

Originally posted by beezzer
PEOPLE should spend. Governments should not.
Again, you're endorsing keynesian ecnomics. Fine. I get it. For you; taxes good, spending cuts bad.

It's just a good thing not everyone thinks as you do.

OK, so government cutting spending means that government should cut down jobs? Due to the tea party the government has actually been cutting down jobs and adding to the unemployed.

read his article below: Government cutting spending

Yes i am a proponent of keynesian ecnomics or mixed economic for obvious reasons

edit on 6-8-2011 by LiveEquation because: (no reason given)

The Govt does not create jobs.

Whoa, whoa, whoa! There's no call for scaring the entitlement crowd, here. They'll panic and...do research and stuff.

/TOA

Originally posted by macman
Interesting as to the Govt has to take taxes first from the tax payer, then they can employee people for Govt jobs.

And interesting as well it the cash for clunkers was again, take money from the tax payer, and give to someone else.

Keynesian Economics is down on the right, first door. Department head is Karl Marx.

very funny...However, not all the money is from tax payers, federal loans do earn interest right? How much money did the government make from the bailouts?

reply to post by LiveEquation


Well, that is nice.

Fact is, the Tea Party is not in control.

Originally posted by LiveEquation

Originally posted by macman
Interesting as to the Govt has to take taxes first from the tax payer, then they can employee people for Govt jobs.

And interesting as well it the cash for clunkers was again, take money from the tax payer, and give to someone else.

Keynesian Economics is down on the right, first door. Department head is Karl Marx.

very funny...However, not all the money is from tax payers, federal loans do earn interest right? How much money did the government make from the bailouts?

Wonder how the got the money in the first place?

Shouldn't that money go back to the tax payer??? And not to corporations under the control of Unions, or GE??

reply to post by The Old American


Yeah. I know.

see had the right taken the senate in 2010 never would have happened.

and like it was said the teaparty aint spent 14 trillion dollars.

and created 2 half asses social programs that work as well and drunk hamster running on a treadmill

and didnt start iraq,afghanistan,liyba,yemen,pakistan,somailia.

but hey keep blaming the teaparty is really shows just how desperate they are for a scapegoat.

reply to post by neo96


Little late to the party...

S&P blamed it on Congress taking their sweet time on the debt ceiling "talks"....

Good for S&P. Dont let them get away with it... Keep them on their toes.

All I can say..... if I was in debt to the tune of trillions of dollars, I would not be complaining about a next to perfect credit score...... Jerk, government :/

Originally posted by Carseller4
This would not have happened if "Cut, Cap, and Balance" was passed. This is what the TEA Party wanted, and Obama and his minions stopped it.

This.

S&P, and the other credit rating agencies, told the fed.gov several times if they raised the debt ceiling the US credit rating would be cut. They raised it anyway. More cuts to the military are foolish and short sighted. We are going to have to make serious cuts to Medicare/Medicaid and Social Security or risk national bankruptcy. Repealing all of Obamacare would be a good idea too.

The Tea Party is not to blame. Tax and Spend Democrats, as usual, are to blame.

reply to post by macman


sorry i was busy shoveling all the blame out of my front drive

how real those shovel ready projects were

go Teaparty!