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David Gill (183 posts) Send PM | Profile | Ignore | Mon Jul-18-11 06:22 AM Original message |
Moody's suggests U.S. eliminates debt ceiling |
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cutlassmama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 06:33 AM Response to Original message |
1. I agree with Moody's. It's a pointless exercise in futility. |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 06:39 AM Response to Reply #1 |
3. So do I. But Moody's is a rating agency. Does borrowing more increase our ability to repay? |
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AlbertCat (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:43 AM Response to Reply #3 |
12. Our out of control spending... |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:45 AM Response to Reply #12 |
14. LOL. Point taken. We're the ones who are out of control. Our spending just proves it. |
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Sgent (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:58 AM Response to Reply #3 |
25. Two factors influence credit |
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naaman fletcher (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:00 AM Response to Reply #1 |
20. It's a pointless exercise? |
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Jim Lane (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:47 AM Response to Reply #20 |
28. Yes, it is. |
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naaman fletcher (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 12:56 PM Response to Reply #28 |
29. i stand corrected.. |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 06:36 AM Response to Original message |
2. Ah, now it becomes clearer. Has Larry Summers weighed in yet? |
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fasttense (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 07:03 AM Response to Original message |
4. Oh yeah, we really need to take policy advice from Moody |
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Ragnarok (133 posts) Send PM | Profile | Ignore | Mon Jul-18-11 07:36 AM Response to Original message |
5. Up it to... |
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ej510 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:20 AM Response to Original message |
6. It has always been a stupid rule. |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:02 AM Response to Reply #6 |
9. Indeed, one of the more transparent of the many fake issues created by the Congress |
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JJW (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:49 AM Response to Original message |
7. Moody's is a joke |
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unblock (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:13 AM Response to Reply #7 |
10. that may be, but even a blind pig stumbles over an ear of corn sometimes. |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:53 AM Response to Reply #10 |
17. Yes, but plenty of other people and organizations with greater credibility. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:39 AM Response to Reply #17 |
24. on the contrary, more borrowing does improve creditworthiness |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:49 AM Response to Reply #7 |
15. Agree on Moody's. Fat chance on Buffet while Dems are in control. |
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WatsonT (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:51 AM Response to Original message |
8. Why not? It's meaningless anyway |
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fujiyama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:27 AM Response to Original message |
11. Hey a smart call for once by Moody's |
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ladjf (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:43 AM Response to Original message |
13. If that is legal then it most definitely should be done. nt |
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roomfullofmirrors (201 posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:51 AM Response to Original message |
16. bad idea. |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:57 AM Response to Reply #16 |
19. Removing the debt imit would be catastrophic. Even Republicans in Congress |
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roomfullofmirrors (201 posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:12 AM Response to Reply #19 |
22. "Removing the debt imit would be catastrophic." I agree100% |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:54 AM Response to Original message |
18. I don't often agree with Moody's but this time they are right. |
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No Elephants (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:02 AM Response to Reply #18 |
21. Yes, but please see Reply 17. Since when does Moody's "suggest" |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:37 AM Response to Original message |
23. It would definitely end the political plays around the debt ceiling but |
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kentauros (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:09 AM Response to Original message |
26. How about this instead: |
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digitaln3rd (533 posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:44 AM Response to Original message |
27. If you keep raising the debt ceiling anyway |
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