pinko
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Posts posted by pinko
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Unlike the bumbling dysfunctional ideological quagmire in the USA Canada seems to be doing quite well according to the article linked below.
http://www.winnipegfreepress.com/canada/canadas-credit-still-top-notch-126391483.html
Here is an excerpt from the article.
As the debt spectacle continues in Washington, Moody's Investor Service renewed Canada's AAA credit rating on Thursday. While all eyes are on the United States as it tries to hammer out a deal to raise its borrowing limit by Aug. 2, avoid a debt default and a possible debt downgrade, Canada sailed through its annual credit checkup with flying colours.
Moody's said the country's high resiliency, government financial strength and low susceptibility to risk were key to the top marks.
Here's a breakdown of the reasons why Moody's says Canada deserves the highest possible credit rating.
-- Economic strength: very high
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He doesn't know what it says. He has already proven this.
He seems to have a vivid imagination.
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That's a complete and utter lie. The GOP plan for social security was to raise the retirement age by 2 years for people under the age of 50. Anyone over 50 wouldn't see a single change to the program or the money they receive from it. Stop the lies already.
I am just curious how you know this. Perhaps you could provide a link.
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You don't have to convince me; I'm not a religious man.
I'm just saying I wouldn't the government enacting any laws against (or for) religion.
Speaking of religon and brainwashing is anyone following the Warren Jeff's trial in Texas?
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The article was fine...but we want to know what you think about it...your hopes...your dreams...your fears. We want to know the impact on....Winnipeg!!!
Well don't be shy just ask.
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Dude...you didn't post anything...just cut and paste from a web site. Forum rules seem to be a challenge for you, eh?
You can choose to respond or not. Maybe the point of view offered in the article isn't to your liking.
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This phony debt crisis has now passed through the looking glass into the realm where madness reigns. What should have been an uneventful moment in which lawmakers make good on the nation's contractual obligations has instead been seized upon by Republican hypocrites as a moment to settle ideological scores that have nothing to do with the debt.
Hypocrites, because their radical free market ideology, and the resulting total deregulation of the financial markets, is what caused the debt to spiral out of control this last decade. That and the wars George W. Bush launched but didn't have the integrity to responsibly finance. The consequence was a banking bubble and crash leading to a 50 percent run-up of the debt that has nothing to do with the "entitlements" that those same Republicans have always wanted to destroy.
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"If we're going to try and help your youth....you and I got to do it together!"
Talk is cheap. What are you doing about it?
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The US has not / will not default. Try to separate politics from reality while peering over the fence into your "neighbour's" yard.
Whether the US defaults or not remains to be seen. As I recall in one of your previous posts you were relishing the thought of increased interest rates precipated by the reckless behaviour of the political class in your country.
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Which means she wants the US to continue on its current path of yet more debt and spending.
She has a better understanding of the conseqences of debt default than you display. Your partisan ignorance is duly noted.
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What happened to the last "head of the IMF" ?
Not true....Aug. 2nd is quite arbitrary and unfounded as DOOMSDAY.
So...this happens on a routine basis.
Oh, in other words, she wants the US to continue on a spending and credit binge.
No. She wants the USA to act responsibly.
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The new head of the International Monetary Fund (IMF), Christine Lagarde, has warned the "clock is ticking" on a deal to tackle the US deficit and raise its debt ceiling.
Unless politicians agree a package by 2 August the US may be unable to pay its bills, triggering an economic crisis.
On Tuesday the dollar fell against the euro whilst US shares opened down.
But Ms Lagarde warned against drastic cuts in spending, saying these could create a "jobless recovery".
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Holy f**k guys, who cares who is to blame, all that matters is this years budget.
Doesn't this point to the dysfunction of American governance?
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Draconian cuts take money out of the system, depressing demand, job creation, and tax revenues -- which leads to more deficits and more calls for more cuts. It's an insanity spiral. And we're currently, and deliberately, riding it downwards.
Interestingly, one of the most eloquent voices on the subject has been Larry Summers. "The biggest problem the country has right now is not the budget deficit," he said in an conversation with Walter Isaacson in Aspen. "The biggest problem the country has right now is the jobs deficit."
And he brilliantly summed up the reality that is eluding the negotiating parties in Washington: "an extra percent a year on the growth rate for the next five years will do more for the budget than any amount of the entitlement-cutting that's under discussion." As Summers explained on Charlie Rose, every new dollar of GDP takes 25 to 30 cents out of the deficit in year one. And yet that simple economic truth does not appear to be included in the "everything" that Obama claims is "on the table."
"It is crazy if you think about it," Summers told Isaacson, "that we have schools across this country where we tell our kids that education is the most important thing in the world, but we ask them to study in classrooms where the paint is chipping off the walls."
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Jarvis explained his thinking in a blog post Sunday afternoon (he didn’t use the asterisks):
So I was angry. Watching TV news over dinner — turning my attention from scandals in the UK to those here and frankly welcoming the distraction from the tragedies in Norway — I listened to the latest from Washington about negotiations over the debt ceiling. It pissed me off. I’d had enough. After dinner, I tweeted: “Hey, Washington a**holes, it’s our country, our economy, our money. Stop f***ing with it.” It was the pinot talking (sounding more like a zinfandel). . . . And then it exploded as I never could have predicted. . . .
The tweets that keep streaming in — hundreds an hour still — restore my faith not in government but in society, in us. Oh, yes, there are idiots, extremists, and angry conspiracy theorists and just plain jerks among them. But here, that noise was being drowned out by the voices of disappointed Americans — disappointed because they do indeed give a s***.
Many of those tweets centered on the debt-limit negotiations:
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It isn't that they lack an understanding, they just don't agree with what the current role of government is, it is an ideological battle.
In my eyes the debt ceiling should not be raised but it most likely will be.
Of course it is an ideological battle and as you have noted the debt ceiling is more likely than not to be raised. The question is will these negotiations cause signifigant damage to the American economy and not whether someone like Bush-Cheney has the capacity to capitalize on these circumstances.
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Well put - presentation is everything - and the "facade" seems to have crumbled - Just wonder if the old guy has learned his lesson and understands what is of real value in life - other than being a big shot. In or near the end of every game people come to there senses...just wonder if this old dog can learn a new trick and be a truely respectable man...I hope so - hate to see talent go to waste ...especially in the end game.
Conrad Black is a convicted criminal and shouldn't be allowed to return to Canada. As I understand it he is a British citizen so that should be his detination.
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How so?
Those identifying as Tea Party members lack a proper understanding of the place government plays and in particular the use of debt in ensuring public services are provided. They have ham strung their nominal leader John Boehner in averting the financial crisis looming if the debt ceiling is not given the proper mandate. This next week will determine which model of government is preferred and how the market reacts in the event the Republicans are unwilling to move off the position of intransigence demonstrated to date.
The fundamental question will be whether the Grover Norquist model is the one accepted.
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You seemed to care just a few days ago.
Why is it when somebody presents you with facts that conflict with your incorrect premise. You seek to then change the subject?
Why are you allowed to care, but I'm not?
I care about the state of the American economy in relation to Canada. My premise is that the teabaggers are a bunch of extremist simpletons.
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Oh punked, if only that were true!
But once again, Democrats voted against a balanced budget amendment. Apparently balancing the budget within 10 years is just too damn soon for them. Plus, they want it to remain easy for them to raise taxes. So it was a lose-lose situation for them. Nevermind that they could have easily raised taxes a year ago when they were in full control of congress. But they didn't. But now they expect Republicans to raise taxes for them. You can't make this stuff up!
But this is a party that hasn't passed a budget in over 2 years, while at the same time increasing spending by 25% during that same period. Yet they think that raising taxes is the answer. These people are either insane, or retarded. It's one or the other.
As a Canadian why do you care what opinion may be held by some Americans at this point in time?
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The problem is that you cannot legislate against morons being on a jury...
Our "peers" are occassionally made up of morons...
This is one of the reasons defence attorneys prefer trial by jury rather than by a judge.
Conrad Black.....will soon be home.
in Federal Politics in the United States
Posted
Whatever Mulroney's conduct may amount to he didn't relinquish his citizenship as did the convicted criminal Lord Black.