- Joined
- Jan 13, 2016
- Messages
- 38,107
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- Norfolk Virginia area.
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- Political Leaning
- Independent
Or you, yours.
Where were you when Odumbo called Bush unpatriotic for raising the debt?
I dunno where you got your civil education, but the House of Representatives controls the purse strings of the government and that has been in GOP control for 6 years.
Wall Street did pretty well under Obama, while the homeless population skyrocketed.
And, there wasn't a box to check on my 1120S to stop my taxes from supporting the poor.
Where do you come up with this stuff?
Um...sorry to break this to you but Obama was not even president when the article you posted was written. Are you saying he is responsible for the Great Recession homeless rate that existed 12 days before he was even sworn into his first term?
Your point seems to be that you are making things up and are very poorly informed.
'did pretty well' means recovered from a really nasty recession, right? One where lots of people lost their houses.
Or you, yours.
Where were you when Odumbo called Bush unpatriotic for raising the debt?
"But...but...that's different!"
Did pretty well means quantatative easing to the tune of billions...
https://www.google.com/amp/s/nypost.com/2014/10/12/obamas-4-trillion-gift-to-the-rich/amp/
But, as usual, none of you seem to mind when Obama does it.
Which began in Nov. '08, on Bush's watch. And probably helped the economy climb out of the recession. Or so the Republicans hoped when they started it.
But you're talking about bonds here, not the stock market.
From The Source And the patsy is anyone who has been competing with the Fed for those bonds since QE began in November 2008.
Fiscal stupidity posting at its finest.Double the standard deduction.... double the child tax credit to $2000.00.... I'll take that any day. Screw the deficit; it didn't matter when the Democrats passed Obamacare. The beast won't starve, it will just borrow more. The money is borrowed from the FED, and the FED just electronically (magically, some say) creates more. Why not eliminate the middle man altogether (meaning the FED) and Congress just print up what it needs. No "debt" at all that way.
Yes, and they got no help from Democrats to control spending. Republicans tried several times to get spending under control. Democrats would rather shut down the government than cut the rate of spending increases, (which is what "cuts" really are), blame it on Republicans, and continue borrow and spend.
Or you, yours.
Where were you when Odumbo called Bush unpatriotic for raising the debt?
He was president when this article was written...
https://www.google.com/amp/amp.wash...tamp-president-enrollment-70-percent-under-o/
Fiscal stupidity posting at its finest.
Could you point out some specific instances in the last 6 years when the GOP in the House has tried to "get spending under control".
Just Google every gov shutdown.
It was way more comfortable when I was.my facebook cover photo says, "If you aren't angry, you aren't paying attention."
Most people just sleepwalk through life, without a care in the world for others. Hardcore lefties try to make sure others have their fair share, don't go hungry, don't get cold, aren't homeless, etc. Hardcore righties don't care what happens, as long as their money doesn't have to go to pay for it. That's it in a nutshell. Probably 20% on the side of the left, and 20% on the side of the right, make up these groups. That other 60% just floats through life without a care in the world. without even really realizing what's going on in the world, politically.
Sometimes I wish I was in that 60%.
LOL ....educated.
Lefty hacks were fine with with adding 7 trillion to the debt when their team had the helm.
So, tell us...
Who was running Congress in November 2008?
Who cares? I was replying to someone about Wall Street doing well under Obama when "the number of homeless skyrocketed". You want to talk about federal government bonds and I'm not interested.
You mad 'cause you got burned? :lamo
The Reagan tax cuts and huge military spending (Star Wars) did stimulate the economy briefly from 1983-1989. Predictably, the bottom then fell out. (trickle-down is a farce)
1982 - -1.9% - recession ends
1983 - +4.6%
1984 - +7.3% - tax hike and increased defense spending
1985 - +4.2%
1986 - +3.5% - tax cut
1987 - +3.5% - Black Monday
1988 - +4.2% - Fed raised rates
1989 - +3.7% - S&L crisis
1990 - +1.9% - recession begins
1991 - -0.1%
Under the Trump/GOP tax cuts, expect to see a brief burst of economic growth (2018/2019) followed by a regression in economic growth. Recession probable.
By 2026 tax rates will significantly increase for individuals/families due to insufficient federal revenue and increasing interest payments on the ballooning deficit.
13 million more Americans will be without healthcare insurance by 2027 and healthcare insurance premiums will be increasing (minimum 10%) every year from 2020 on.
The Trump/GOP tax legislation will be catastrophic for higher education institutions/students. The US lead in cutting edge research will erode significantly.
The long-term goals of the GOP are twofold;
(1) redistribute wealth from the middle class to the 0.01% wealthy and corporations and (1a) severely under-funding the federal government thus increasing the deficit and interest debt payments
(2) utilize 1a as the economic rationale for depleting/terminating federal safety-net programs such as Social Security, Medicare, and Medicaid.
The Democrats claimed the GOP would pass tax cuts that would substantially increase deficits. The GOP would claim that these tax cuts would "pay for themselves" in economic growth. However, secretly they know this is not true and they really want to employ these deficits to force spending cuts to entitlements and Social Security in the classic "starve the beast" approach.
This was all pure speculation then Marco Rubio and Trump opened their big mouths and let the cat out of the bag. That is exactly the plan! After passing sweeping tax cuts for the wealthiest, they now will use the costs of those to justify cuts to the poorest. But they are counting on the public not taking notice or caring.
Do you think the public at large will figure out this scheme?
The public at large is never paying attention.
True. They never pay attention until it hits them personally. The question is who will they blame? Congress, Trump, or Obama (Ha Ha)
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