Another US Debt Downgrade Is Coming In Just A Few Weeks

[ARCHIVED THREAD] - Another US Debt Downgrade Is Coming In Just A Few Weeks (Page 1 of 2)

Posted: 10/22/2011 8:19:34 PM EDT

We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy. The “not-so-super” Deficit Commission is very unlikely to come up with a credible deficit-reduction plan. The committee is more divided than the overall Congress.

http://www.businessinsider.com/huge-prediction-from-bofa-another-us-debt-downgrade-is-coming-in-just-a-few-weeks-2011-10

Impeach Obama for the Good of the Occupiers.

Posted: 10/22/2011 8:31:45 PM EDT

[#1]

Wait until we have to do another bank bailout because they refused to dump European debt when they had the chance.

Posted: 10/22/2011 8:32:32 PM EDT

[#2]

Well obama promised change, not that the change would be for the better.

Posted: 10/22/2011 8:33:53 PM EDT

[#3]

Shit, I will buy more ammo and food and some more TP.

Posted: 10/22/2011 8:41:06 PM EDT

[#4]

Posted: 10/22/2011 8:44:28 PM EDT

[#5]

For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

Posted: 10/22/2011 8:46:12 PM EDT

[#6]

This is what happens when you elect a President based on a slogan and fuzzy, ill-defined statements.

Posted: 10/22/2011 8:46:22 PM EDT

[#7]

Quoted:
For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

excellent point, and i don't see anything on the horizon that will keep that scenario from coming to pass.

we haven't come close to hitting bottom yet.

Posted: 10/22/2011 8:47:30 PM EDT

[#8]

so, as soon as we have a black president, we have bad credit?

Posted: 10/22/2011 8:48:42 PM EDT

[#9]

We president now.

Posted: 10/22/2011 8:50:23 PM EDT

[#10]

Quoted:

For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

You don't have to worry about recovery before the election.

Posted: 10/22/2011 8:55:25 PM EDT

[#11]

BECAUSE THE FUCKING GOD DAMN DEMOCRATS DON'T WANT TO CUT BACK ON SPENDING, THE WANT TO CONTINUE TO SPEND, SPEND, SPEND, AND SPEND!

Posted: 10/22/2011 8:58:02 PM EDT

[#12]

When are they going to stop dropping turds in the toilet bowl and just flush the damn thing already.
Just flush the dang thing and get this whole mess over with. The sooner we bring on hell the sooner we can work our way out of it.

Posted: 10/22/2011 9:00:19 PM EDT

[#13]

Quoted:
so, as soon as we have a black president, we have bad credit?

That's racist..........

But I

Posted: 10/22/2011 9:01:47 PM EDT

[#14]

Quoted:

Quoted:
For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

You don't have to worry about recovery before the election.

Or after either.

Posted: 10/22/2011 9:05:14 PM EDT

[#15]

Quoted:
BECAUSE THE FUCKING GOD DAMN DEMOCRATS DON'T WANT TO CUT BACK ON SPENDING, THE WANT TO CONTINUE TO SPEND, SPEND, SPEND, AND SPEND!

Red Team vs. Blue Team, blah blah blah. No one gives a fuck anymore. They're all on the take. There is no solution to this shit, and no one wants to take the blame for the inescapable eventuality. They should all burn, every last one of them. Europe is a fraud and is fucked, China is a fraud and is fucked. We're a fraud and we're fucked. Everybody's fucked. I know the pain that is coming, and you know what, I'm glad the markets still believe all the bullshit that is funneled out of the rumor mill daily, because I'm not quite where I want to be when everything goes boom; and boom it will go.

Posted: 10/22/2011 9:05:25 PM EDT

[#16]

For the first time in history, US debt is downgraded. It happened in the 3rd year of Hope and Change. It is his legacy to all Americans.

Posted: 10/22/2011 9:05:37 PM EDT

[#17]

Quoted:

For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

They will blame it on the republicans.

Just like they blamed the republicans for killing the jobs bill in the senate recently, not enough R's to stop anything, not like that matters.

Posted: 10/22/2011 9:05:38 PM EDT

[#18]

Quoted:

Quoted:
For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

You don't have to worry about recovery before the election.

Or after either.

If a conservative Republican can get back in the White House, I really do think the economy will finally start to pick up on its own.

Right now, the socialists have scared private capital half to death, so nothing is moving.

But if they are out and that fear is gone, trust me, a shit ton of money is going to start moving again.

Posted: 10/22/2011 9:09:17 PM EDT

[#19]

Quoted:

Quoted:

For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

They will blame it on the republicans.

Just like they blamed the republicans for killing the jobs bill in the senate recently, not enough R's to stop anything, not like that matters.

Yeah, they'll say it was R's fault for not passing the "Job's Bill".

Posted: 10/22/2011 9:10:59 PM EDT

[#20]

Quoted:

Quoted:
For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

They will blame it on the republicans.

Just like they blamed the republicans for killing the jobs bill in the senate recently, not enough R's to stop anything, not like that matters.

Yeah, they'll say it was R's fault for not passing the "Job's Bill".

Doesn't matter.

The incumbent is the one who is expected to be doing something. And historically, the incumbent always takes the blame for a bad economy.

Trust me, the statute of limitations on blaming Bush for everything is expiring.

Posted: 10/22/2011 9:11:30 PM EDT

[#21]

Posted: 10/22/2011 9:13:24 PM EDT

[#22]

Quoted:
The sooner we bring on hell the sooner we can work our way out of it.

+1

Posted: 10/22/2011 9:15:56 PM EDT

[#23]

Quoted:
This is what happens when you elect a President based on a slogan and fuzzy, ill-defined statements.

Actually, I would say that this is what happens when you have decades of bureaucrats poorly attempting to micromanage the economy.

Posted: 10/22/2011 9:18:16 PM EDT

[#24]

Quoted:

Quoted:

This is what happens when you elect a President based on a slogan and fuzzy, ill-defined statements.

Actually, I would say that this is what happens when you have decades of bureaucrats poorly attempting to micromanage the economy.

Actually actually, I would say this is what happens.

Posted: 10/22/2011 9:21:13 PM EDT

[#25]

Quoted:
so, as soon as we have a black president, we have bad credit?

Posted: 10/22/2011 9:22:45 PM EDT

[#26]

Quoted:
BECAUSE THE FUCKING GOD DAMN DEMOCRATS & REPUBLICANS DON'T WANT TO CUT BACK ON SPENDING, THE WANT TO CONTINUE TO SPEND, SPEND, SPEND, AND SPEND!

FIFY

Posted: 10/22/2011 9:22:49 PM EDT

[#27]

could we get a cosigner?

Posted: 10/22/2011 9:25:02 PM EDT

[#28]

Quoted:

could we get a cosigner?

Maybe we can put down Yellowstone as collateral.

Posted: 10/22/2011 9:42:14 PM EDT

[#29]

Too lazy to read. Is S&P going to downgrade farther, or are other agencies going to take us down to where S&P put us?

Posted: 10/22/2011 9:56:49 PM EDT

[#30]

Quoted:
For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

Good call.

Posted: 10/22/2011 9:58:25 PM EDT

[#31]

Quoted:
so, as soon as we have a black president, we have bad credit?

Damn dude, you owe me a new monitor...

Posted: 10/22/2011 10:01:27 PM EDT

[#32]

This is not surprising. The credit rating agencies engage in fraud. The US, the largest debtor nation in the world has AA+ ratings whereas China, the biggest creditor nation in the world has AA-. Doesn't make sense, does it? The U.S. credit rating should have been dropped a long time ago.

Posted: 10/22/2011 10:25:20 PM EDT

[#33]

Quoted:

Too lazy to read. Is S&P going to downgrade farther, or are other agencies going to take us down to where S&P put us?

It just said "credit rating agencies"

I know S&P said shortly after they dropped the rating they would likely drop it again in 18 months if the SPENDING didn't stop. I don't see why they would drop it again so soon.

I think this article is trying to blow smoke up our asses to advance someone's agenda.

Edit: It is some moron from Bank of America making this prediction.

Posted: 10/22/2011 10:43:09 PM EDT

[#34]

Quoted:

For as fucked up as this will probably sound, I hope the economy does NOT get better for awhile.

I don't want to see the democrats getting credit for anything before the election.

i feel for my countrymen but at the same time i feel like part of the reason things are so bad for those countrymen is the administration so i kinda feel the same.

Posted: 10/22/2011 10:43:24 PM EDT

[#35]

Posted: 10/22/2011 10:49:03 PM EDT

[#36]

Posted: 10/22/2011 10:56:06 PM EDT

[#37]

Quoted:

Quoted:
This is what happens when you elect a President based on a slogan and fuzzy, ill-defined statements.

Actually, I would say that this is what happens when you have decades of bureaucrats poorly attempting to micromanage sucking the economy dry.

Fixed

Posted: 10/22/2011 11:24:03 PM EDT

[#38]

Quoted:

so, as soon as we have a black president, we have bad credit?

The Rent-To-Own recovery stimulus package will be revealed next week.

Posted: 10/22/2011 11:48:22 PM EDT

[#39]

Guess we'll see.

Posted: 10/22/2011 11:57:44 PM EDT

[#40]

Fuck it, it's gotta happen eventually, lets knock the rotten piece of shit down, roll up our sleeves and rebuild...

Posted: 10/23/2011 1:21:49 AM EDT

[#41]

Quoted:
Fuck it, it's gotta happen eventually, lets knock the rotten piece of shit down, roll up our sleeves and rebuild...

Sounds perfect and clearly the only viable solution..only one problem with the plan: everyone has their own take on shit and even on a "conservative" forum we have about 15 ways to look at the same thing. You see here in America we're not all guided by one ignorant faith to all point us in the "right" direction, we all do our best to make the right decisions or at least what we perceive to be..and so frankly good or bad, we'd be about as tribal as the middle east ever was.

Posted: 10/23/2011 5:23:52 AM EDT

[#42]

Both parties are to blame, which makes sense because they are both two sides of the same coin.

Obama's economic policy has differed little from that of Bush.

Both signed massive spending increases into law.

Both have cut taxes.

Both supported and implemented inflationary policies (Ben Bernanke)

Both supported TARP and the bankster bailouts.

Before you blame everything on the "librul congress", remember that Republicans controlled Congress from 2000 to 2006.

And remember that it was Dick Cheney, hero to many here, that told us "deficits don't matter".

Posted: 10/23/2011 5:31:00 AM EDT

[#43]

Quoted:
so, as soon as we have a black president, we have bad credit?

Posted: 10/23/2011 5:33:16 AM EDT

[#44]

Quoted:
so, as soon as we have a black president, we have bad credit?

He's always late, slacks off when he should be working and fucked up our credit, way to fight the stereo type huh?

Posted: 10/23/2011 5:38:15 AM EDT

[#45]

Quoted:
Both parties are to blame, which makes sense because they are both two sides of the same coin.

Obama's economic policy has differed little from that of Bush.

Both signed massive spending increases into law.

Both have cut taxes.

Both supported and implemented inflationary policies (Ben Bernanke)

Both supported TARP and the bankster bailouts.

Before you blame everything on the "librul congress", remember that Republicans controlled Congress from 2000 to 2006.

And remember that it was Dick Cheney, hero to many here, that told us "deficits don't matter".

Do you really believe that Republicans are as much responsible for the deficit as Democrats?

I mean, come on now.

Oh, and both parties did not support Obamacare.......wait until that one kicks in!!

Posted: 10/23/2011 5:40:40 AM EDT

[#46]

Quoted:

BECAUSE THE FUCKING GOD DAMN DEMOCRATS DON'T WANT TO CUT BACK ON SPENDING, THE WANT TO CONTINUE TO SPEND, SPEND, SPEND, AND SPEND!

You just explained the Democrat platform for the last 40 years or so.................

Posted: 10/23/2011 5:42:57 AM EDT

[#47]

Posted: 10/23/2011 5:46:13 AM EDT

[#48]

When you folks wake up to the fact that they are intentionally destroying the world's currencies...

Posted: 10/23/2011 5:46:48 AM EDT

[#49]

Quoted:
http://mikesright.files.wordpress.com/2011/06/president-obama-laughing2.jpg

http://scottystarnes.files.wordpress.com/2011/01/obama_laughing_.jpg

http://4.bp.blogspot.com/-3Gkw74t9y4c/Tfbib5G0zlI/AAAAAAAACv4/8YEcUQKfkIc/s1600/obama-laughing1.jpg

Posted: 10/23/2011 5:54:10 AM EDT

[#50]

Quoted:

Quoted:
http://mikesright.files.wordpress.com/2011/06/president-obama-laughing2.jpg

http://scottystarnes.files.wordpress.com/2011/01/obama_laughing_.jpg

http://4.bp.blogspot.com/-3Gkw74t9y4c/Tfbib5G0zlI/AAAAAAAACv4/8YEcUQKfkIc/s1600/obama-laughing1.jpg

http://i145.photobucket.com/albums/r217/robicon_album/guy.jpg

You liked my post so much you posted a pic of yourself in your grandma's basement?

[ARCHIVED THREAD] - Another US Debt Downgrade Is Coming In Just A Few Weeks (Page 1 of 2)

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