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Buddy can you spare a dime.


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Guest Patriot

Standard & Poors has warned zerO that we're about to lose our AAA bond rating if he doesn't get spending under control. zerO's response? Push a budget that will increase our debt by 2 trillion this year.

This is exactly why we need a financial expert businessman (Trump) as president. It's obvious a community organizer from Chicago's South Side is in over his head.

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Guest Patriot

Standard & Poors has warned zerO that we're about to lose our AAA bond rating if he doesn't get spending under control. zerO's response? Push a budget that will increase our debt by 2 trillion this year.

This is exactly why we need a financial expert businessman (Trump) as president. It's obvious a community organizer from Chicago's South Side is in over his head.

Trump is exactly who the gop should nominate. He'll win by a huge margin with his impeccable financial track record and the fact that he's digging into the birther issue. He has my vote.

Speaking of over his head, what is that thing on his head?

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Guest Proud American

Standard & Poors has warned zerO that we're about to lose our AAA bond rating if he doesn't get spending under control. zerO's response? Push a budget that will increase our debt by 2 trillion this year.

This is exactly why we need a financial expert businessman (Trump) as president. It's obvious a community organizer from Chicago's South Side is in over his head.

Wow. A Republican who supports a guy (Trump) who drove his own casino company into bankruptcy in the early 90's and, but for the TV gig, is again teetering on the brink with his AC casinos and real estate.

Also how absurd it all is. A Republilcan supporting a three-time married guy (Trump again) who is on record for supporting gay marriage. Really? Is that the best Patriot can come up with?

All I can say is, pretty please, let him be the Republican nominee.

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Guest Guest

Wow. A Republican who supports a guy (Trump) who drove his own casino company into bankruptcy in the early 90's and, but for the TV gig, is again teetering on the brink with his AC casinos and real estate.

Also how absurd it all is. A Republilcan supporting a three-time married guy (Trump again) who is on record for supporting gay marriage. Really? Is that the best Patriot can come up with?

All I can say is, pretty please, let him be the Republican nominee.

That's it? Patriot raises serious concerns about losing our bond rating and you respond with gay marriage? Pull your head out of your ass.

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Guest Proud American II

That's it? Patriot raises serious concerns about losing our bond rating and you respond with gay marriage? Pull your head out of your ass.

Get a grip. Proud American's points were that the Republican/Tea Party will never get behind a candidate like Trump who has had multiple marriages,supports gay marriage and has no credibility on the economy when he's driven his own companies into bankruptcy. I think it's hillarious to see some Republicans fall for Trump's "birther" argument when he represents so much that the right wing opposes.

As to the nation's credit rating, Standard & Poors issued an outlook warning on our country's AAA credit rating. We were not downgraded much less "losing our bond rating". S&P wants Congress and the President to agree on a debt reduction plan without taking a position on whether to raise taxes or reduce spending programs like Mediare or Medicaid. Here's exactly what S&P said:

Standard & Poor's Ratings Services said today

today that it affirmed its 'AAA' long-term and 'A-1+' short-term

sovereign credit ratings on the U.S. Standard & Poor's also said that it

revised its outlook on the long-term rating of the U.S. sovereign to negative

from stable.

Our ratings on the U.S. rest on its high-income, highly diversified, and

flexible economy. It is backed by a strong track record of prudent and

credible monetary policy, evidenced to us by its ability to support growth

while containing inflationary pressures. The ratings also reflect our view of

the unique advantages stemming from the dollar's preeminent place among world

currencies.

"Although we believe these strengths currently outweigh what we consider

to be the U.S.'s meaningful economic and fiscal risks and large external

debtor position, we now believe that they might not fully offset the credit

risks over the next two years at the 'AAA' level," said Standard & Poor's

credit analyst Nikola G. Swann.

"More than two years after the beginning of the recent crisis, U.S.

policymakers have still not agreed on how to reverse recent fiscal

deterioration or address longer-term fiscal pressures," Mr. Swann added.

In 2003-2008, the U.S.'s general (total) government deficit fluctuated

between 2% and 5% of GDP. Already noticeably larger than that of most 'AAA'

rated sovereigns, it ballooned to more than 11% in 2009 and has yet to

recover.

On April 13, President Barack Obama laid out his Administration's

medium-term fiscal consolidation plan, aimed at reducing the cumulative

unified federal deficit by US$4 trillion in 12 years or less. A key component

of the Administration's strategy is to work with Congressional leaders over

the next two months to develop a commonly agreed upon program to reach this

target. The President's proposals envision reducing the deficit via both

spending cuts and revenue increases.

Key members in the U.S. House of Representatives have also advocated

fiscal tightening of a similar magnitude, US$4.4 trillion, during the coming

10 years, but via different methods. House Budget Committee Chairman Paul

Ryan's plan seeks to balance the federal budget by 2040, in part by cutting

non-defense spending. The plan also includes significantly reducing the scope

of Medicare and Medicaid, while bringing top individual and corporate tax

rates lower than those under the 2001 and 2003 tax cuts.

We view President Obama's and Congressman Ryan's proposals as the

starting point of a process aimed at broader engagement, which could result in

substantial and lasting U.S. government fiscal consolidation. That said, we

see the path to agreement as challenging because the gap between the parties

remains wide. We believe there is a significant risk that Congressional

negotiations could result in no agreement on a medium-term fiscal strategy

until after the fall 2012 Congressional and Presidential elections. If so, the

first budget proposal that could include related measures would be Budget 2014

(for the fiscal year beginning Oct. 1, 2013), and we believe a delay beyond

that time is possible.

Standard & Poor's takes no position on the mix of spending and revenue

measures the Congress and the Administration might conclude are appropriate.

But for any plan to be credible, we believe that it would need to secure

support from a cross-section of leaders in both political parties.

If U.S. policymakers do agree on a fiscal consolidation strategy, we

believe the experience of other countries highlights that implementation could

take time. It could also generate significant political controversy, not just

within Congress or between Congress and the Administration, but throughout the

country. We therefore think that, assuming an agreement between Congress and

the President, there is a reasonable chance that it would still take a number

of years before the government reaches a fiscal position that stabilizes its

debt burden. In addition, even if such measures are eventually put in place,

the initiating policymakers or subsequently elected ones could decide to at

least partially reverse fiscal consolidation.

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Guest Proud American

Trump is exactly who the gop should nominate. He'll win by a huge margin with his impeccable financial track record and the fact that he's digging into the birther issue. He has my vote.

Speaking of over his head, what is that thing on his head?

How's that Trump thing going? Now that the "birther conspiracy" is debunked, what's Trump got left?

Oh. One more thing. Did you see that Mr. Trump was a REGISTERED DEMOCRAT from 2001 to 2008?

I think you just got big-time punked.

LOL!

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