S&P Downgrades Outlook on National Debt

[joshh]

http://www.usnews.com/news/articles/2011/04/18/sp-downgrades-outlook-on-national-debt

And the White House says.....

http://www.reuters.com/article/2011/04/18/us-usa-budget-outlook-snap-idUSTRE73H3LV20110418

We are in serious trouble people. I don't care who takes the White House in 2012, they just need to make Congress cut and cut everywhere.

[mrsleeve]

Yeah this is not good at all. couple this with the oil bubble being pushed by speculators, which has lowered demand and the Mid east that is still producing is cutting production.

Food Prices are sky rocketing, as much as 50% from 3/1/11 to 4/1/11 on some staple items and everything is up at least 6-10% since the 1st of the year. Hell even the IMF is making ominous predictions about food Yeah this shit could.................er scratch that is going to get REALLY bumpy

[z31maniac]

And?

S&P is bought and paid for. Wall Street is in collusion with the media to bring down the stock market again, let Buffet/Soros and friends buy everything low again, then the media will magically report it's all better again.

[gwb72tii]

And?

S&P is bought and paid for. Wall Street is in collusion with the media to bring down the stock market again, let Buffet/Soros and friends buy everything low again, then the media will magically report it's all better again.

feel comfortable with that tinfoil hat on?
the media is trying to bring down the stock market? the media is bought and paid by obama, who needs the stock market to go up to get re-elected.
the fed is why stocks are up (google "the bernanke put")

[joshh]

And?

S&P is bought and paid for. Wall Street is in collusion with the media to bring down the stock market again, let Buffet/Soros and friends buy everything low again, then the media will magically report it's all better again.

What happened to your hard core overbearing intellectual side?

Does S&P have to make this choice to make people see we are on a path of destruction? Or is everything in rainbow and lollipop land (The White House) all good so we can ignore the debt. Obama's own budget INCREASES the debt. When are these 4 trillion over the next 12 year cuts going to start? Right after we start taxing the rich more? Cuts need to happen right now....real cuts. And it should include Defense cuts.

[LBJefferies]

Last month everybody was talking about how the economy was adding jobs and the recovery was speeding up. Now all of a sudden were in the shitter again?!?! This is so typical. The media and the government change their minds about everything, all the time. No one can ever get a straight fucking answer in this country. I am sick of the "news" and most of all I am sick of politicians! I just don't give a fuck anymore.

[Kershaw]

http://www.youtube.com/watch?v=DksSPZTZES0

[ACMF74]

And?

S&P is bought and paid for. Wall Street is in collusion with the media to bring down the stock market again, let Buffet/Soros and friends buy everything low again, then the media will magically report it's all better again.

qft

[Ryan Stewart]

Last month everybody was talking about how the economy was adding jobs and the recovery was speeding up. Now all of a sudden were in the shitter again?!?! This is so typical. The media and the government change their minds about everything, all the time. No one can ever get a straight fucking answer in this country. I am sick of the "news" and most of all I am sick of politicians! I just don't give a fuck anymore.

Its less of a flop and more of a "which is the bigger deal right now?" With the big jump in the deficit, the fact that congress of last year ignored the budget of this year and that we now have to push the debt ceiling even higher its much more news at the moment. Not much is happening in the job market, its growth but its really slow growth.

And now the parties are posturing for the next election. That is why the dems say the pubs are "holding the economy hostage" by demanding huge cuts and by demanding future cuts in trade for increasing the debt ceiling. Currently the pubs have the momentum since the last election and are taking it as their duty to attack virtually all non-defense spending.

[LBJefferies]

Look at this little bit I found today which speaks highly of the current state of the economy. http://money.cnn.com/2011/04/26/mark...york/index.htm

The moral of the story is that you should take everything in the media with a grain of salt. There is so much conflicting information everywhere that it's impossible to know anything with certainty. It's true that we have the highest debt in the world and we can't keep running up debt but when you look at our debt to gdp ratio it is actually quite low compared to many countries. I think the media and the government just like to keep us living in fear so they have the support they need to pass laws and funnel our money wherever they want.