Skip to comments.Paul Ryan’s speech in 3 words
Posted on 08/30/2012 10:15:36 AM PDT by Uncle Slayton
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“I loved Ryans speech, he will be a great leader.”
That’s why the left has gone nuts on Ryan. Apoplectic. IT WAS A GREAT SPEECH AND IT MADE THE CASE FOR FIRING OBAMA VERY WELL.
All they have left is sputtering deceptive he is, but really they are trotting out their lame leftie talking point arguments, which are not valid, and saying Ryan is lying because he doesnt agree with their excuses, evasions, and half-truths.
They know if people listen and give credence to Ryan, Obama is electoral roadkill.
Fact1: credit rating was actually downgraded because the deficit agreement Obama and the Congress eventually did was not sufficient to the task at hand, according to S&P. The problem was and is too much deficit spending under President Obama.
Fact2: Liberals keep lying about it.
Hello mountn man,
I’m new to this site and saw your post about the US credit rating drop. As a former MBA student, I’d like to make a point— raising the debt ceiling is not about taking out more loans. It was about not defaulting on loans that are already in place, as current government expenditure outweighs income. Not raising the ceiling would have meant a failure to pay off outstanding loans. If such a disastrous event were to occur, the US dollar would decrease drastically in value. It was such a big concern that even the threat of not raising the ceiling resulted in a lowering of our credit rating.
Please let me know if you have any questions or see any errors in my argument
With all due respect, you are mistaken.
If the debt ceiling was not raised, that would simply force the administration to set priorities on whom should be paid and who cannot.
American families and businesses face these priorities every month when there is a cash shortfall (increasingly often).
The intelligent among them decide to pay the mortgage, make payroll and pay their outstanding debts first. Then they deal with the other current bills.
Government is no different.
Net:net -- refusing to raise the debt ceiling does NOT equal default. It simply forces the administration to make decisions they don't want to make.
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