US loses Triple A Credit Rating.

[bannedagain]

HappySqurriel said:

bannedagain said:

Kasz216 said:

http://www.latimes.com/business/la-fi-us-debt-downgrade-20110806,0,189756.story

 

And some people were blaming the debt ceiling debate.  Truth was, the debt ceiling debate was the only way we had a chance of preventing the downgrade by cutting spending enough... had it not been for that, our credit rating would of been downgraded before we even had a decent debate on spending cuts.

Just more negatives from the stimulus.

It's not spending cuts that need to happen, Ok I agree that the wars need to end. It's the bush tax cuts that Rep. said they needed to create jobs. But here's the real deal. You put the money into people hands that need it and they will spend it. It's simple logic and it will create jobs from demand. The tax breaks and loop holes to the rich are not working. REP. are responsible for about 10 trillion dollars of the debt.

http://www.youtube.com/watch?v=mcJqnmBzor4&feature=player_embedded

 

http://www.youtube.com/thomhartmann#p/u/3/zCEtMQ5wE78

If you have household A which earns $100,000 per year and houseold B which ears $40,000 per year, and you take $20,000 from household A and give it to household B where does this job creation happen? Being that all money is spent regardless of whether it is put into a bank, used to buy investments, or to buy goods and services, how do you get economic growth by moving money around?

First off we are not talking about a household that makes 100,000 and your point has no real answer because it would never happen. People making 40,000 don't get hand outs. THE WEALTHY, LIKE CORPERATIONS AND SUCH PEOPLE DON'T USE THE MONEY TO CREATE NEW JOBS but yet they get handouts more then the poor with the bush tax cuts. They are sitting on more money then they ever have. Wheres the jobs if this works.

You want me to make it simple for you. Here If I own a shop and I get more sales because people have more money for things they need, like food or personal products, Whatever. I have to hire more people to deal with the business. In turn when money is with the rich it doesn't trade hands very much and usually goes into things that don't help stimulate the ecconomy. 

People don't have money for loans when there are no jobs. So putting money back into the working classes hands, like fixing roads, bridges and the such which is way over due. Makes more sense then putting it into the rich's hands to sit there. It will get spent faster and creat  more jobs just by them working and paying there bills. People are not eating buddy and the rich are. So what makes more sense. So the real deal is the corporations don't need it. Nor do the wealthy and ask jesus what would he do. Give more food to people who have enough to last the rest of there lives or somebody that don't have anything to eat now.  If you can't understand that there are no jobs and people are suffering then you are selfish and greedy.

 

Let me add to that. A lot of rich use off shore accouts to not pay taxes and also takes the money out of our economy.  So Learn your facts.