US Credit Rating Downgraded To AA+

Bush tried, got trashed by people in his own party and most of the old farts he couldn't sell his idea to are now part of the tea party talking about "I paid into it." And these same Tea Party Republicans got into office by telling their constituents Obama is going to cut your social security, Obama is going to gut Medicare, Obama is going to kill you.

Oh I agree. Politics as usual.

Bush tried, got trashed by people in his own party and most of the old farts he couldn't sell his idea to are now part of the tea party talking about "I paid into it." And these same Tea Party Republicans got into office by telling their constituents Obama is going to cut your social security, Obama is going to gut Medicare, Obama is going to kill you.

I thought it was the tea party that said we need to reform and cut SS and when I type in tea party and SS thats all I see. I could be wrong.

I'm personally divided on SS. I have so much invested in SS I hate to just give it up but if given the choice I might. I'd have to do the math. I could easly go with some form of buy out program. Where the Feds offer me a small % lump sum if I drop SS.

Raise taxes and watch what's left of the economy really tank.

"But Beems, the economy IS in the tank" -- If the U.S. economy is a guy about to jump out the window of a tall building, increasing taxes would be like handing him a lit stick of dynamite on his way down.

I say if the left is so hell bent on raising taxes then raise taxes on everyone and I mean everyone.

A must watch in my opinion. I almost want Obama to win in 2012 so this guy can be president in 2016 and not have to wait till 2020. Baring a major scandle or if hes smart enough to not want to run he will be president one day:

Sen. Rubio: "Save the Whole House or It Will All Burn Down" - YouTube (http://www.youtube.com/watch?v=_68GjR6V6zI)

A must watch in my opinion. I almost want Obama to win in 2012 so this guy can be president in 2016 and not have to wait till 2020. Baring a major scandle or if hes smart enough to not want to run he will be president one day:

Sen. Rubio: "Save the Whole House or It Will All Burn Down" - YouTube (http://www.youtube.com/watch?v=_68GjR6V6zI)


Rubio will either be on the ticket as Veep in 2012 or run in 2016. He's quietly laying the ground work to be a national player. I don't see why he shouldn't be a serious contender in 2016.

The GOP field will be considerably stronger in 2016.

Raise taxes and watch what's left of the economy really tank.

"But Beems, the economy IS in the tank" -- If the U.S. economy is a guy about to jump out the window of a tall building, increasing taxes would be like handing him a lit stick of dynamite on his way down.

Nice try.

The Bush tax cuts are a massive factor in this awful debt mess.

Get rid of that tremendously stupid tax break for the wealthy.

Nice try.

The Bush tax cuts are a massive factor in this awful debt mess.

Get rid of that tremendously stupid tax break for the wealthy.

How anyone could still be defending the Bush tax cuts 10 years later is really beyond me.

Fitch reaffirms AAA+ rating. So two of the three agencies say we're good to go and remain stable.

Fitch reaffirms 'AAA' rating on US - MarketWatch (http://www.marketwatch.com/story/fitch-reaffirms-aaa-rating-on-us-2011-08-16)

How anyone could still be defending the Bush tax cuts 10 years later is really beyond me.

Well if you look at the number the fed income started growing faster then spending after the tax cuts then took a nose dive after the economy went to hell. The argument can be made that the tax cuts spurd spending and by increasing taxes will make thing worse. At this point I have no clue either way.