US Credit Score: AAA to AA+

[lloyd9988]

Link: http://online.wsj.com/article/SB1000..._largeHeadline

Question: Will you consider this change to be good or bad??

Opinion: Basically... we shot ourselves in the foot with this one. :/ We had two plans that would have worked and, instead, we went with a last minute plan that shot down the Dow Jone 512 Points. Ouch... Honestly, I found it amusing how I ended up reading an Arizona Republic Newspaper yesterday to find a heading title that says "Crisis Adverted". Sorry, but I could help but chuckle when I found that our credit went from triple AAA to AA+.

Its one of those things that if you read the fine print instead of just believing what everyone else says about what's happening around the world, you would have seen it coming too. With a weak ability for the white house to make such obvious decisions, it was inevitable that our credit score was going to go down. So, if you'd like to leave the white house a comment about how they screwed things up with their indecisiveness, Leave them a comment:

http://www.whitehouse.gov/contact

Also, I do believe this to be a good thing because maybe our people will start caring more about what is going on in our country.

[drewaconclusion]

Link: http://online.wsj.com/article/SB1000..._largeHeadline

Question: Will you consider this change to be good or bad??

Opinion: Basically... we shot ourselves in the foot with this one. :/ We had two plans that would have worked and, instead, we went with a last minute plan that shot down the Dow Jone 512 Points. Ouch... Honestly, I found it amusing how I ended up reading an Arizona Republic Newspaper yesterday to find a heading title that says "Crisis Adverted". Sorry, but I could help but chuckle when I found that our credit went from triple AAA to AA+.

Its one of those things that if you read the fine print instead of just believing what everyone else says about what's happening around the world, you would have seen it coming too. With a weak ability for the white house to make such obvious decisions, it was inevitable that our credit score was going to go down. So, if you'd like to leave the white house a comment about how they screwed things up with their indecisiveness, Leave them a comment:

http://www.whitehouse.gov/contact

Also, I do believe this to be a good thing because maybe our people will start caring more about what is going on in our country.

I can't say as I didn't see the downgrade coming.

[lloyd9988]

I can't say as I didn't see the downgrade coming.

Well, you don't have to say whether you saw it coming, you can just say how you feel about having the U.S. economy being dropped down a credit score.

i.e. It wasn't too obvious to see it coming. If you pretty active about these sort of things then you can kinda see it. Basically, having the Dow Jones drop 512 points in one day and having a bill that would raise the debt ceiling $2.1 trillion dollars and was expected to only fix $950 billion of our $14 trillion kinda made it seem like this bill was placed as a last-minute resort. Either way, our credit is down and we need to start getting more involved if we want to raise our credit back up.

Also, I know my post sounds a bit conceited, I just copied and pasted from my safe haven website just to let you guys know what happened while you were busy and away.

[Davis 51]

Basically, Speaker Boner (that's how I say it) said he got 98% of what he wanted out of the 'deal'. I blame him.

[Glitzer]

The United States is the biggest debtor nation in the history of the world. Our credit has been going down for years, this isn't anything new. All of our growth has been based in debt for the last forty years.

Basically, Speaker Boner (that's how I say it) said he got 98% of what he wanted out of the 'deal'. I blame him.

You can't blame this on a single individual. Our decline is a direct result of the career politician, on all sides. The world could be on fire and they would still be bickering about nothing. All their rhetoric is political posturing to maintain and extend their power.

Also, I do believe this to be a good thing because maybe our people will start caring more about what is going on in our country.

I don't think that for a second. Those who have been asleep to all the problems so far will continue to sleep.

Question: Will you consider this change to be good or bad??

The world is consuming more than it can produce. Commodities ftw, everything else is screwed.

[BasharOfTheAges]

The downgrade has pretty much nothing to do with the amount of debt we have, it's about how congress handled the situation and the fact that the "deal" they struck was a piece of crap.

[HalOfBorg]

And of course the obvious solution is to not only keep on spending, but spend more! These cuts are pathetic, spread out over way too long a period and probably will not even happen.

I want an across the board 10% budget cut, with no department allowed to cut services, pay or personnel. And anyone who doesn't make it work will get to enjoy joining the private sector ASAP. Wanna keep your cushy job? Then cut back on redecorating your damn building/lobby/office/bathroom. Figure out where the money is leaking and plug it. Quite spending 18 months DISCUSSING how to do something better, because the solution you come up with will be out of date by the time you implement it. Something is broken - FIX IT. Now - because next week it will cost more to fix and will STILL need fixing!

The goal is to get government running in a small 'for profit' mode. Not a lot, but NO WASTING MONEY, TIME or EFFORT.

[Davis 51]

You can't blame this on a single individual. Our decline is a direct result of the career politician, on all sides

He was the chief negotiator for a single side of the entire debate that walked away from talks consistently and bragged about getting 98% of what he wanted in the end by holding the full faith and credit of the US Government Hostage.

I'm pretty sure I can blame him. The "pox on both houses" thing to me, is just an excuse for avoiding critical thinking.

[Glitzer]

He was the chief negotiator for a single side of the entire debate that walked away from talks consistently and bragged about getting 98% of what he wanted in the end by holding the full faith and credit of the US Government Hostage.

I'm pretty sure I can blame him. The "pox on both houses" thing to me, is just an excuse for avoiding critical thinking.

And judging a politicians words while he is sucking up to the camera is thinking critically? It's apparent he said what he did to make it look like some glorious victory for his party, as all politicians do. They always have to upstage each other and make it seem their party prevailed and the American people are the big winners.

"Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy." -- Ernest Benn

If the democrats are blameless, then why didn't they block it? The fact of the matter is, the bill was rewritten many times with both parties present. Obama was there, Reid was there. Obama threatened to go to the American people in one meeting where compromise was stonewalled. Why didn't he? All I seem to recall was some stupid scare tactic that social security checks might not go out on time.

After everything is done, if one party screws things up, it's only because the other party remained silent.

[BasharOfTheAges]

Obama threatened to go to the American people in one meeting where compromise was stonewalled. Why didn't he?

Did you miss the whole "phone congress" speech he gave that resulted in thousands of email and phone calls every hour for a few days straight? Granted, most of them were probably the vocal far right and left folks fuming with anger and rhetoric laden soundbites that just called to fan the flames further and encourage more digging in because they knew they were right...