United States loses AAA credit rating from S&P

Re:United States loses AAA credit rating from S&P by Cushman on Friday August 05, 2011 @10:23PM (#2852718)

This economic crisis isn't about economics, it's about politics. When the GOP goes off on "cutting spending", they're not being fiscally responsible. Ideally, they would literally like to cut every dollar that isn't going to the Pentagon. "Spending cuts" is a dog whistle for the idea that the Federal government shouldn't exist at all.

It doesn't matter if borrowing and spending (some might call it "investing") money is good fiscal policy— "spending" is just wrong.

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Re:United States loses AAA credit rating from S&P by orangecat on Saturday August 06, 2011 @12:51AM (#2853056)

"Spending cuts" is a dog whistle for the idea that the Federal government shouldn't exist at all.

Please. The government spent far less during Clinton's administration (the last vaguely fiscally responsible president), and I don't recall having to step over that many starving homeless people to get to work.

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Re:United States loses AAA credit rating from S&P by Cushman on Saturday August 06, 2011 @01:04AM (#2853095)

Um, yes? We could certainly be spending less and providing more social services. That's not what the tea partiers mean when they say "cut spending", though.

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