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Originally Posted by transjen
An we all see how well that worked out
they are the least productive house of reps of all time and cost us out top credit rating by almost shutting down the goverment and refusing to make any kind of deal what so even
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Jen, it's time to wake up. What I'm about to show you may come as a shock, but it's from the real world.
http://www.reuters.com/article/2011/...7746VF20110806
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The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.
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The article goes on to say:
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On August 2, President Barack Obama signed legislation designed to reduce the fiscal deficit by $2.1 trillion over 10 years. But that was well short of the $4 trillion in savings S&P had called for as a good "down payment" on fixing America's finances.
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That's why we lost our AAA credit rating - because we didn't cut enough. So ask yourself, why has the House been ineffective? Because Obama - the guy who's $2.1 trillion plan falls short of the $4 trillion requirement - has veto power. If any part of this isn't clear please speak up now, otherwise I know I'll have to drudge up facts again.
Quote:
Originally Posted by transjen
BO has an excellent chance of a second term ...
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As long as people ignore the facts...
http://www.youtube.com/watch?v=nM8Srpu8es8
01-25-2012
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