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View Full Version : Ron Paul Issues Statement on S&P Downgrading of U.S. Credit Rating




sailingaway
08-05-2011, 10:52 PM
http://finance.yahoo.com/news/Ron-Paul-Issues-Statement-on-bw-3140424839.html?x=0

Carson
08-05-2011, 11:53 PM
Thanks for the link. He tells it like it is.

A lot of malarkey floating around out there.

I saw this post and response in a thread on fark that was pretty good.



06Lion: Even as the Titanic continues to sink, you frickin' partisan hacks are still standing on deck, pointing fingers at each other. You're morons. Both parties did this. They were all elected by you, so you have skin in the game too. If you didn't vote, shut your trap and be thankful we don't lock you down in the boiler rooms.

Phil Moskowitz says,

http://photos.imageevent.com/stokeybob/morestuff/noucw.jpg



Link to thread;

S&P Debt downgrade warning also contained mathmatical error, of $2 Trillion. Good to know the people who assign credit ratings are up on their math

http://www.fark.com/comments/6453112/SP-Debt-downgrade-warning-also-contained-mathmatical-error-of-$2-Trillion-Good-to-know-people-who-assign-credit-ratings-are-up-on-their-math

wannaberocker
08-05-2011, 11:55 PM
Ron Paul could have just said "i told you so, i told you so, I I I told you so".

DamianTV
08-06-2011, 01:30 AM
“We have just learned that for the first time in our history, the United States’ top credit rating has been downgraded by credit rating agency S&P."

They downgraded our credit for Irresponsible Spending, not because of either outcome of the Debt Ceiling.

Ludwig von Mises estimates that we have 12-18 Months before Total Economic Failure.

I think he is probably right. S&P apparently thinks he is probably right too.

Immortal Technique
08-06-2011, 05:05 AM
SnP downgrade? UPGRADE to Ron Paul !!!!!!!

specsaregood
08-06-2011, 07:38 AM
Press Release Source: Ron Paul 2012 Presidential Campaign Committee On Saturday August 6, 2011, 12:39 am EDT

LAKE JACKSON, Texas--(BUSINESS WIRE)-- Today, 2012 Republican presidential candidate Ron Paul issued a statement in response to the credit rating agency Standard and Poor’s decision to downgrade the United States’ credit rating from AAA for the first time in history. The ratings agency has removed the United States government from its list of risk-free borrowers, citing concern about the rising burden of long-term federal debt. See comments below.

“We have just learned that for the first time in our history, the United States’ top credit rating has been downgraded by credit rating agency S&P.

“We were told by proponents of increasing the debt ceiling that a credit downgrade would come if we didn’t raise the limit, but the opposite was true.

“The ratings agencies had been warning us for some time that it is imperative upon the U.S. government to get its fiscal house in order and tackle its debt and deficit problem by taking serious steps.

“Unfortunately, the game in Washington has been one of partisan blaming and bipartisan out-of-control spending.

“America has been dealing with this severe economic crisis for years because the Washington establishment failed to focus on the true issues at hand: a declining dollar and out-of-control spending.

“Last November, millions of frustrated Americans let it be known that they wanted our debt crisis solved and our spending problem to end. They sent a group of new lawmakers to Washington to end business as usual.

“But the old crowd of elites still refuses to budge on doing everything it takes to get us out of this hole they’ve dug. Instead of real substantial budget cuts, we get minor or ‘fake’ cuts and budget tricks that may or may not happen far off into the future. We get a Congress that abdicates its responsibility to an unconstitutional ‘Super Congress’ with the power to make things worse than they already are.

“The American people realize that our nation can no longer afford to stay on this same path of reckless spending and follow the status quo of Washington. They will not tolerate any further ineffective stimulus schemes that do nothing to help our economy and actually do the opposite to the tune of trillions of dollars in money being spent and printed, and millions of people remaining unemployed and without much economic stability or security.

“If Washington refuses to take heed, there is little cause for optimism.

“Growing inflation, rising gasoline and food prices, and trillion-dollar budget deficits will all soon seem like minor issues if our nation does not immediately change our monetary and spending policies.

“We must take bold actions to reduce out-of-control government spending, and get the federal government out of the way of small business and entrepreneurs so that they can start hiring again.

“If elected President, I pledge to veto any unbalanced budget and to balance the federal budget in the first year of my term. I will fight to reduce taxes and remove unconstitutional regulations so that businesses can hire, Americans can get back to work, and our economy can truly recover.”

Authorized and paid for by Ron Paul 2012 PCC. www.RonPaul2012.com

Theocrat
08-06-2011, 07:44 AM
SnP downgrade? UPGRADE to Ron Paul !!!!!!!

Exactly. This will be Ron's time to shine amongst the other GOP candidates, and show the voting public that he knows more about the economy than the rest of them. This downgrade should be a great help to Ron's campaign.

Working Poor
08-06-2011, 08:21 AM
God I am having fun with the libs on this...

UtahApocalypse
08-06-2011, 08:24 AM
This week the debate should turn the tides in our favor. lets hope that they ask Ron Paul about this, and lets hope he is on top of his game.

Napoleon's Shadow
08-06-2011, 08:45 AM
http://www.youtube.com/watch?v=1ytCEuuW2_A

Napoleon's Shadow
08-06-2011, 08:53 AM
Ron Paul could have just said "i told you so, i told you so, I I I told you so".

You mean like this?




http://i185.photobucket.com/albums/x93/sonicspikesalbum/Campaign%20VI/Toldja2.jpg

http://i185.photobucket.com/albums/x93/sonicspikesalbum/Campaign%20VI/Toldja.jpg

Working Poor
08-06-2011, 09:42 AM
Ludwig von Mises estimates that we have 12-18 Months before Total Economic Failure..


Do you have a link for that statement?

sailingaway
08-06-2011, 09:43 AM
Ron Paul could have just said "i told you so, i told you so, I I I told you so".

Yeah, but that would be less educational for those who are just realizing something is fundamentally wrong, and are looking for answers.

sailingaway
08-06-2011, 09:44 AM
Do you have a link for that statement?

Considering he's dead, I presume they mean by application of his theory.

Working Poor
08-06-2011, 09:52 AM
Considering he's dead, I presume they mean by application of his theory.

I just need a link

Bern
08-06-2011, 09:52 AM
So glad to see Ron starting to include the "as President" action items to his statements. Bravo!

Dark_Horse_Rider
08-06-2011, 09:56 AM
Ron is On.

Napoleon's Shadow
08-06-2011, 10:12 AM
http://www.youtube.com/watch?v=BbOO3w43AJc