[screaminsunshine]

So he is after a VAT Tax. But still keeping the income tax and all the other taxes.

[Red Badger]

Pay no attention to the ratings agencies or to the media shouting about this early warning of Armageddon to come.

Pay no attention to the men behind the curtain.................

[Thane_Banquo]

Can anyone believe that the global capital market cannot distinguish between a Greek-type situation, in which the government literally cannot service its debts, and the U.S. condition, in which a political dispute might delay some interest payments for a few days?

The thing about "global capital markets" is that their run by idiot liberals in New York City. Thus, markets are extremely irrational and driven entirely by emotion (just like liberals). Ergo, yes, I believe global capital markets are stupid enough to not "distinguish between a Greek-type situation, in which the government literally cannot service its debts, and the U.S. condition, in which a political dispute might delay some interest payments for a few days..."

[anoldafvet]

So if we keep borrowing to pay our debts, we’ll keep our triple A credit rating? This is insane. It’s like Visa telling you that you have maxxed out 5 credit cards and if you don’t take out a 6th to pay for them, they’ll ruin your credit rating.

[mrsmith]

The ratings agencies:

they downgrade Greece and other countries' debts if they don't cut spending and pay debt instead, and say they'll downgrade ours if we do!

"An official with credit rating agency Standard & Poor's, addressing a private meeting, laid out a scenario in which the United States would lose its sterling credit rating if it paid interest on its debt but failed to meet other obligations, according to two people familiar with the discussion... "

No games being played here LOL!