The Price of a U.S. Credit Rating Downgrade

http://www.downsizinggovernment.org

The federal government's debt may soon be downgraded by major credit rating agencies. What would that mean?

Video produced by Caleb O. Brown and Austin Bragg

Category:

News & Politics

Tags:

• downgrade
• credit rating
• treasury
• AAA
• borrowing
• federal debt
• S&P
• Moody's
• Fitch
• Standard and Poor's
• Egan-Jones
• debt ceiling
• federal spending

[kommisar]

"Giving individuals more tax breaks is lunacy."

It's not when you take into account the truth about taxes and revenue as opposed to the liberal bullshit you enjoy preaching.

"If the consumer class had more wealth, then other businesses would be hiring. Get it?"

No, I don't. What does this have to do with anything? Sounds like more Keynesian lunacy. Why don't you simply respond to the point where you claimed the free market caused the housing crash? Stop being a coward.

[Rattapax]

@kommisar Look at the stock market, General Dollar is making a fortune because that is the product that is most affordable. The consumer class has little wealth, while corporations and the top 5% is racking it in. Giving individuals more tax breaks is lunacy. General Dollar is expanding and hiring because they have a lot of demand. If the consumer class had more wealth, then other businesses would be hiring. Get it? Now read about the causes of the French Revolution and educate yourself.

[kommisar]

@Rattapax Wow, you are so desperate here, it's pathetic. You cannot sanely, rationally, coherently address or refute any of my points, so you futilely resort to the partisan game. Again, you have absolutely no credibility on this subject since you claimed the free market was the cause of the housing bubble. Seriously, get help, you lunatic.

[Rattapax]

@kommisar Talk about education: Go read about the causes of the French Revolution; you, the republicans and this Cato Institute are echoing Edmund Burke and other Classical Liberals who sided with the aristocracy economic vision--the same language, the same ideas, etc. Go read!

The Bush tax cuts did absolutely nothing but cost us money. The Congressional Budget Office says that you fucking moron, wake up.

[kommisar]

@Rattapax No, you are wrong. You have absolutely no basic understanding of money and exchange. Your clear implication, if not direct statement, is that the wealth went from the middle class and was transferred to the upper, so now it's just a matter of moving it back to the middle class -- "balancing it out" so to speak. This is based on a fallacy.

You again prove you're very ignorant. If those were the only two stores competing, prices would be even higher. Jesus, go get a real education.

[kommisar]

"All that deregulation and tax cuts and the Iraq war caused this funk."

Oh, that's right: you did state earlier the free market caused the housing bubble. Forgot that you had absolutely no credibility whatsoever. (snickers)

By the way, that $20k per student figure is PER YEAR, not for the whole 4-year term. It's especially amusing when so much of this money is supposedly required for administrative pay, yet professors teach only a few hours a week and some don't even work 6 months a year.

[kommisar]

How do you keep managing to avoid the fact that you're providing a cum hoc fallacy? Seriously, the way you repeat yourself over and over and still manage to avoid addressing half my questions shows what a brainwashed clown you are. You still have not told me how the wars have not provided any economic stimulus. Face it, you're just repeating liberal dogma without any logical examination of it or investigation into opposing views. "Raise taxes, end the wars, spend..." Typical liberal dogma.

[kommisar]

"your conspiracy theory about loans and tuition is ridiculous."

Actually, it's not. Plenty of evidence proves what I said. Consider the fact that before government loans were ever around a student could pay off college tuition without a loan and without going into debt. In fact, kids worked summer jobs and were able to pay off school. Tuition rates stayed very low until the government started backing loans. That you actually think colleges need $20k PER STUDENT is hilarious.

[kommisar]

@Rattapax You can keep claiming Canadian health care is "a non-issue", but the truth of the matter is you are wrong about that. I can give numerous studies and articles that show the flaws in the Canadian health care system, including long waiting lists. Your partisan playing is truly pathetic.

Hahaha! Please, put down the Moore DVD. That Cuban health care thing has been debunked so many times it's not even funny. You truly are a sucker.