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Posts Made By: Herbert York

May 25, 2012 07:22 PM Forum: DVDs and Music and Books That You Recommend

Born On The 4th Of July

Posted By Herbert York

Just watching it again

It just breaks my heart.

Very powerful movie - Tom , dude can act

Herb

May 26, 2012 03:35 PM Forum: Politics

Don't they know who we are? Another downgrade??

Posted By Herbert York

Rating agencies say they need to be convinced that lawmakers have a real plan in the works to reduce the growing debt if the nation is to avert future downgrades, according to a report by The Hill.

ÒIf Congress doesnÕt put in place a process that assures people that this will be addressed in a real manner . . . then there is no doubt in my mind that our sovereign debt will be downgraded,Ó said Steve Bell, the senior director of economic policy at the Bipartisan Policy Center. ÒMarkets throughout the world are going to be looking at the action of the United States government.Ó

ÒItÕs highly uncertain . . . because of the political circumstances,Ó said Steven Hess, MoodyÕs lead analyst for U.S. ratings. ÒOur stance at this point is to wait and see.Ó

ÒWeÕd have to assess the actual content of any temporary agreement,Ó Hess added. ÒHow likely is it that that will require a credible plan to be implemented within whatever time frame they come up with? ItÕs the actual deficit and debt trajectories that we expect that will be the most important determinant.Ó

Fitch and MoodyÕs have both put the United States on notice that future downgrades are coming without a change in course. Furthermore, Fitch identified 2013 as a crucial year for the United States to take action on its debt. Currently, it sees better-than-even odds that it will downgrade the United States.

Senator Tom Coburn, R-Okla., a member of the Simpson-Bowles debt commission and a long time spending hawk, agrees with the findings.

ÒWeÕre going to get another downgrade. I can tell you right now. You can have a great legal case for suing the rating agencies for not downgrading us again because we have not demonstrated the political will to solve the problems,Ó he said in a recent interview with Bob Schieffer for CBSÕs Face to Face.

Coburn argues that last yearÕs downgrade of the nationÕs credit rating from AAA to AA+ by the ratings agency Standard and PoorÕs was just the beginning, according to the CBS report. The agency made its decision just days after congress passed an 11th hour compromise to raise the nationÕs debt ceiling.

Standard and PoorÕs in a statement at that time said it was Òpessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the governmentÕs debt dynamics any time soon.Ó

Coburn agrees. ÒWe should see another downgrade because we have not done the structural things that will fix our country. If you look whatÕs getting ready to happen to us, in another five years, weÕre going to have $22 trillion worth of debt. WeÕre going to have 120 percent of our total GDP in debt. If you look at historic interest rates, weÕre going to be paying $800 billion a year in interest. Where are we going to get that money?Ó he warned in the Face to Face interview.

Despite all the negative consequences of delay, any substantive action on the debt almost certainly wonÕt happen before the election, notes The Hill report. Lawmakers will tangle mightily in lame-duck sessions in November -- when Congress must decide whether to raise the debt ceiling, extend the Bush tax rates and replace $1.2 trillion in automatic spending cuts set to begin in January 2013.

Lobbyists on K Street are betting on a short-term deal in the lame duck that would kick down the road longer-term decisions on taxes and spending into 2013. The expected compromise, according to The Hill: extend current tax rates in the short term while nudging up the debt ceiling.

The maneuver would allow more time for lawmakers to reform the tax code.

Beth Ann Bovino, deputy chief economist for Standard & PoorÕs who does not set ratings as part of her job description tells The Hill that she expects lawmakers will compromise in the nick of time Ð with a Òcredible medium-term plan, which is what investors and the economy would need.Ó


© 2012 Newsmax. All rights reserved.


Enjoy
Herb

May 31, 2012 10:17 AM Forum: No Holds Barred

Just say'n

Posted By Herbert York


Which side of the fence?

If you ever wondered which side of the fence you sit on, this is a great test!


If a Republican doesn't like guns, he doesn't buy one.
If a Democrat doesn't like guns, he wants all guns outlawed.


If a Republican is a vegetarian, he doesn't eat meat.
If a Democrat is a vegetarian, he wants all meat products banned for everyone.


If a Republican is homosexual, he quietly leads his life.
If a Democrat is homosexual, he demands legislated respect.


If a Republican is down-and-out, he thinks about how to better his situation.
A Democrat wonders who is going to take care of him.


If a Republican doesn't like a talk show host, he switches channels.
Democrats demand that those they don't like be shut down.


If a Republican is a non-believer, he doesn't go to church.
A Democrat non-believer wants any mention of God and religion silenced.


If a Republican decides he needs health care, he goes about shopping for it, or may choose a job that provides it.
A Democrat demands that the rest of us pay for his.


If a Republican reads this, he'll forward it so his friends can have a good laugh.
A Democrat will delete it because he's "offended".

June 8, 2012 04:37 PM Forum: Politics

Why we are never going to be buddies with Muslims

Posted By Herbert York

http://news.yahoo.com/mob-attacks-women-egypt-anti-sex-assault-rally-212911011.html

Let your heart bleed all you want. There is only one thing these people understand and we aren't going to help them understand - understand?

Herb


photo story here http://frontpagemag.com/2011/02/22/muslim-rape-feminist-silence/

June 8, 2012 04:56 PM Forum: No Holds Barred

Just when you thought is was safe outside

Posted By Herbert York

Yes - it is a drone - cameras - microphones - needle for DNA test

Have a nice day


Herb

June 20, 2012 10:46 AM Forum: Politics

If true it breaks my heart

Posted By Herbert York

Obama's wife as seen by deaf people

Obama and his wife were attending The 9/11 Memorial Ceremony and
watched as the Color Guard folded the flag into a triangular shape,
according to custom.

A video camera caught the two from the sidelines. Obama's wife leaned
over and said to him, "All this for a damn flag?" Obama turned to her,
smiled smugly and nodded his head in agreement.

How do we know what was said? The video was presented for translation
to a lip reading instructor at The River School

,

a Washington D.C. school for the deaf. The video is shown at normal
speed, 3/4 speed, and 1/2 speed with no banners obstructing her lips.
Click here to view for yourself:



One term. For all those who served in the military, and the ones who
died or were wounded for a "damn flag" as Michelle call it, just so
she could be free to get all the benefits she got, her ivy league
education and her husband elected as President of the best country on
earth... Shame on her and Obama... for "a damn flag."

June 22, 2012 02:07 PM Forum: Politics

You will know them by the friends they keep

Posted By Herbert York

http://www.foxnews.com/politics/2012/06/22/activists-photographed-flipping-bird-to-reagan-portrait-at-white-house/

Nice

Herb

June 22, 2012 02:25 PM Forum: Politics

We are the gov't - we are here to help..

Posted By Herbert York

http://www.foxnews.com/politics/2012/06/21/regulation-requires-oil-refiners-use-millions-gallons-fuel-that-is-nonexistent/?test=latestnews


... no thanks


June 23, 2012 04:06 PM Forum: No Holds Barred

Won't see this one on NBC/ABC/CBS

Posted By Herbert York

http://www.foxnews.com/us/2012/06/23/phoenix-boy-14-shoots-armed-intruder-while-watching-three-younger-siblings/?test=latestnews

June 29, 2012 11:58 AM Forum: Off Topic Discussions

Really? This is what we have become?

Posted By Herbert York

http://www.foxnews.com/us/2012/06/29/border-patrol-union-claims-homeland-security-safety-course-promotes/?test=latestnews