Friday, August 05, 2011

S&P: "You're Not Good Enough for Star-Kist"

Double-A plus (same as Texas.)

Wait.....wait! Didn't Turbo Tim and Obozo promise cross-their-heart-hope-to-die that only one more snort would make it all better?

13 comments:

Deekaman said...

"Just one more fix...no really....we can quit."

We were right. Don't raise the debt ceiling.

"Compromise" is always in the direction of bigger government, more spending and greater debt. Always.

Jim said...

The S&P report makes it clear that a major factor in their downgrade is the GOP's refusal to raise revenues.

Jim said...

""Compromise" is always in the direction of bigger government, more spending and greater debt. Always."

Good thing that all of the framers were of the same mind and none had to compromise.

Dad29 said...

Even better that they inserted the 9th and 10th amendments. The Bill of Rights WAS the "compromise", appended specifically to keep people like Wilson, FDR, the Bush Boyzzzz and Obozo from doing what they do.

Oh, yah, the Framers forgot that a SCOTUS bereft of reason (read: Warren court e.g.) could screw it all up with anile interpretations.

So we're pushing back.

Dad29 said...

Well of course S&P likes 'revenues' as part of the solution.

But S&P doesn't run the country.

The vast majority of voters want "spending decreases."

Deekaman said...

"Revenue increases" (increased taxes on you and me) won't make any difference. The federal government shows no propensity to spend less than it takes in. Give them more money and they will spend every penny and then some.

Jim: The framers had it right. Since about 1935, my statement is spot-on. But feel free to use ridiculous comparisons while knowing all along I am correct. In fact, I challenge you to show me any compromise in the last 70 years that resulted in smaller government. Have fun with that.....there are none.

Jim said...

"The vast majority of voters want "spending decreases.""

The vast majority also believes that taxes should be increased to close the deficits.

"I challenge you to show me any compromise in the last 70 years that resulted in smaller government."

Who cares? I want more government. I want infrastructure improvements, investments in research and more regulations to reign in the crazies on Wall Street. I want clean air, clean water, clean food. I want universal health care

And I'm willing to pay for it. Most people are.

Dad29 said...

Well, there you are.

ONE of us wants all that stuff.

Wanna pay for it?

Minimum personal rate of 40% after all deductions.

Thanks!!

Dad29 said...

Oh, by the way, Jim:

http://weaselzippers.us/2011/08/06/tea-party-vindication-sp-says-it-favors-spending-cuts-over-tax-hikes-to-fix-credit-rating/

S&P did NOT 'weight' their future downgrade on the tax issue. It's spending pure.

And there's the little problem with historical fact: only ONCE has the US paid 25% of GDP in taxes; the vast preponderance is in the 18-20% range.

You suggest what is a historical impossibility for more than 1 or 2 years.

Deekaman said...

Jim: Feel free to write that extra check. I fear a powerful government. they tend to imprison and shoot those with whom they disagree. I don't believe I've seen much of that from evil big business.

I value my freedom and liberty more than infrastructure, "clean air" and "clean water". You wonder why those are in quotes? Because government hasn't done anything to make significant improvements in those qualities for about 30 years. The regulations are all about keeping their "phoney-baloney jobs".

J. Strupp said...

Who cares what S&P rates U.S. Debt? It doesn't matter.

Dan said...

Jim's been listening to Harry Reid again and usin ghis sound bites.
Here's some advice Jim, if you follow Harry Reid, you are going to look like a fool, like Reid is.

Jim said...

"Jim's been listening to Harry Reid again and usin ghis sound bites."

You have no idea what you are talking about. I know I don't. Harry Reid rarely fails to underwhelm me.