On a scale 1 to 10, how likely do you think Trump is going to make USA Credit Rating sink into "Default"?
Don't give me that shit of Simpsons Predicted it.
He will actually revive America you shill
>>55236312
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>>55236312
i cant hear you from the other side of this huge fucking wall
>>55236312
>on a scale from poor to beheaded how do you think your living conditions will be when you wake up tomorrow?
>>55236312
0. Republicans are very, very unlikely to lose the House of Representatives, and if Trump wins the election, they probably won't lose the Senate either. If all those Republicans can't figure out how to pass a budget, raise the debt ceiling if necessary, then the government is illegitimate. If some members step out of line, then Trump can use the bully pulpit to get them on board.
Besides, our debt is owed in US dollars, which we control. It's literally impossible for us to be unable to pay it. Countries default when they don't control the currency their debt is in, so they can be forced into austerity by other people. The only chance we'd get downgraded is if we decided to stop making payments, which no one would do unless they wanted to destroy international finance.
>>55236860
Thank God for your smart post. I am interested on discussing the reason why S&P downgraded USA creding rate.
Do you think it was in order to push stocks lower, in order to do a shortselling? Or was it a political move used from the oposite Party in order to put some pressure on Obama?
>>55237080
https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades
>Global stock markets declined on August 8, 2011, following the announcement. All three major U.S. stock indexes declined between five and seven percent in one day. However, U.S. treasury bonds, which had been the subject of the downgrade, actually rose in price and the dollar gained in value against the Euro and the British pound, indicating a general flight to safe assets amid concerns about a European debt crisis.
>>55236312
>bancarota
>mexican flag
youre a fucking retard
>>55237179
>Argentina
>Actually bankrupt goverment
Perhaps you should take a seat and drink a glass with water
>>55236860
But if you print money you'd inflate the USD. According to the Fed there's 1.4 trillion in circulation right now, US owes something like 20 trillion. Wouldn't printing to pay off debt destroy the US dollar?
>>55237334
They think they are too big to fail
>>55237227
https://es.wikipedia.org/wiki/Crisis_econ%C3%B3mica_de_M%C3%A9xico_de_1994
you fucked everyone with that
>>55236312
>>55237080
>>55237171
I think it had a little bit of an effect on stocks, but not as bad as it would have been if it were a total surprise. We were warned that we might get downgraded, and it shouldn't have been a huge shock when it actually happened.
I think it's probably a combination of honest skepticism about the USs deficit and ability to maintain payments long-term, and a bullying tactic to try and get our government to figure it out and govern responsibly. People hated Obamacare and Obama's expansions of the Federal Government, so they elected a lot of Republicans to Congress specifically to stop what he was doing.
If people govern responsibly, then we can and will always pay debts, but at the time, the government was shutting down because Republicans wouldn't agree to raise the debt ceiling without significant cuts, and Obama wouldn't agree to cut that much at all. After a shutdown, the Republicans backed down, raised the ceiling, and the government started up again. Enough cuts weren't made, so the deficit is still high, and the fight over the debt ceiling will keep happening again and again, and people are worried that sooner or later no one's going to back down.
>>55237548
I think we can agree that the Credit Rating Downgrade was very specific attack towards Obamacare.
Since Obama was forcing his "political ideas" without convincing the oposite party, the only logical next move was an "outside" attack like that.
>>55237334
Yeah, probably. What's really getting us into trouble is the debt ceiling. The government has a self-imposed restriction on the amount of money that we can borrow, so we have to keep voting to raise it anytime we get close or we'll run out of money and default. That's the only thing that would cause us to actually reach that point.
If we don't cut the deficit, we'll keep hitting the limit, but Obama wouldn't agree to sign anything passed by Congress with a lot of cuts to government, and Congress wouldn't vote to raise the debt ceiling without a lot of cuts. They couldn't pass a budget Obama'd sign, so the government shut down until Republicans gave in to avoid default, and we got downgraded because we were so dis-functional that we couldn't compromise, and without cuts, we'd just be right back in a stand-off before long.
>>55237739
Yeah, it was definitely because of that, though maybe an unintended consequence. Everyone loved Obama so much in 2008 that Democrats won huge majorities in both houses of Congress. They could do anything, and pass anything they wanted. Instead of doing something that'd be popular, they rammed through Obamacare without a single Republican voting for it, and the majority of the country was so angry that they voted in a bunch of people to stop Obama from doing anything. Which they did, and still are.
There are a lot of reasonable Republicans who are absolutely willing to compromise and understand the importance of things like raising the debt ceiling, but there's a smallish amount of people who were elected specifically to obstruct Obama, and they'd almost rather see the country break than let him win at anything. They trumpeted the downgrade like it was a success, because they thought it made Obama look bad. Which it kind of did.
Elections have consequences. Obama got blown out in 2010 because what he was doing was so unpopular, and instead of compromising, he insisted that he should still have his way.
>>55238094
I am thinking on a possible scenario where the US president presents his intentions of removing obamacare in the near future.
Then inmediatly after that, S&P raises US Credit Rating from AA+ to AAA
Then after all that media hype goes away, obamacare is gone, except for those who were alredy in it.
Republicans do well in elections with low voter turnout. Next election is a presidential election, they very likely wont be winning. Dems need to get someone less shitty running up front to really solidify things though.
0% probability OP.
>>55238239
It wouldn't be that hard to do. A lot of it hasn't even kicked in yet. It was scheduled to roll out over years, but things keep getting pushed back, probably because they're going to be so unpopular that Obama doesn't want them to hit until after the election so the Democrats have a chance to win.
>>55238368
Historically, very few parties remained in power after 8 years. There is almost a guaranteed turnover this next election, especially after having dealt with obama.
People want change.
>>55236312
How fucking retarded are you?
How can the US go into default when it issues in its own currency
>>55238741
If we don't cut the deficit or keep raising the debt ceiling we will.
We'll never default because we can't pay, but we can default because we won't.
>>55236312
Wont matter even if everything goes to shit. It will all be blamed on Obama just like libfaggots blamed everything on Bush.
>>55236312
>Simpsons phoned it in
