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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah.  this has nothing to do with 14 trillion in debt. 40% of every dollar spent being BORROWED or PRINTED. Baseline annual increases in Government spending guarenteed by law of 7.5%. A phantom economy with no factories and tons of lawyers/assorted parasites.  Bond holders are last in line behind ss recipients, medicare, defense, government workers, federal retirees, union bosses, GM, Chrysler, Money printers, dollar devaluers....who in thier right mind would invest in a 30 year bond?[/quote]

Well the debt has been there for a while.  So I guess it is just an incredible coincidence that this whole mess happened the week after some of our politicians threatened to stop paying back our creditors.  Why on earth would a credit rating agency care about that?[/quote] Deficit spending has increased exponentially under Obama.  Without a reversal ,downgrades and default through dollar devaluation is a fact of life.  Timing is meaningless[/quote]

I'll have to take John Chambers' word on why S&P downgraded us.  It is the current political process that makes them unconfident.  He said so in TV interviews all weekend.  Do you think he is lying about his own company's decision?[/quote]Read Ezra Klein's column in the Post today. He has some good insight. [/quote]

First, we didn't get downgraded on a typo.

Second, it's a bit silly calling foul on this.  Nobody believes the CBO's nominal GDP growth number of 5% in the first place.  Seriously, find me somebody.  Nominal GDP growth is most likely closer to inflation, and that makes the calculations a wash.  [/quote]

S&P also said no downgrade if the Ryan budget were enacted.[/quote]

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