US credit rating slashed....again.

[Mr.Bill]

[Mr.Bill]

[Ben Huh]

[Boris Johnson]

Going onto a political forum, having an argument, it not going your way then going 'oh man don't be so srs' is quite frankly bullshit.

The lounge is for ha-hahs, its fair to, in fact its necessary to assume everything everywhere else at least puts on the pretense of being a serious discussion.

[Mr.Bill]

Ben hates being wrong.. And when he is the smiley faces and the report buttons become his come-backs..

Anyway, yeah.. This isn't the place for it..

[Precocity]

Locking this thread to all the back and forth insults and continued baiting into more insults. - p

[Ben Huh]

Three posters here can't help but to make me the topic of every thread. Meh.

[Ben Huh]

...back to the topic at hand.

Congress has shown an inability to come to an agreement on what needs to be done to curb the growth of national debt and to increase government revenue. Republicans want spending cuts without tax increases and Democrats want to increase taxes and spend uncontrollably. IMO both ideas are not what is needed. You need to cut spending across the board - defense, entitlements, etc. - and increase taxes. I personally support a return to the Clinton era tax levels as they are higher than they are currently, but not too high that they strangle growth. Along with that the tax code needs to be simplified and made so that if there is a minimum tax rate someone has to pay that that minimum amount is met. The government can literally not afford to keep giving tax credits to corporations or even families for every little thing they do. Taxes, if enforced and collected, are guaranteed revenue, where as market participation at teh individual level is not.

[Davethulhu]

[Ben Huh]