Elizabeth Warren Fights Back Against the "Magical Accounting" of Trickle-Down Economics

[Freewill]

Economy was doing pretty well up until the democrats took over Congress and ignored Bush from there on in. True story, look it up.

PLEASE give me the bills they passed that changed Dubya's policies? PRETTY PLEASE? lol

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“[5][6]

Causes of the Great Recession - Wikipedia the free encyclopedia

Congress let us down.

Rep. Artur Davis (D-AL): "I Wish my Democratic Colleagues Would Admit When it Comes to Fannie & Freddie, We Were Wrong" - See more at: House Democrats Duck Investigating Toxic Twins at the Heart of the Mortgage Meltdown Speaker.gov

Rep. Henry Waxman (D-CA) and House Oversight & Government Reform Committee Democrats still refuse to set a date for a hearing on Fannie Mae and Freddie Mac and call on former Fannie Mae CEO Franklin Raines to testify about his contribution to today’s market turmoil. Republicans believe Congress has the responsibility to fundamentally reform Fannie Mae and Freddie Mac so taxpayers are never again left on the hook. The San Francisco Chronicle discusses the efforts of House Republicans, including Rep. Chris Shays (R-CT), to force a closer look at how Fannie Mae and Freddie Mac led to this economic crisis:

 

[Dad2three]

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

So without that $10, buying Treasury bonds, you'd have another $10 borrowed from the public.
Which means $100 coming in, $101 going out, deficit of $1.

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues, which hides the TRUE costs of Reagan/Bush tax cuts WHILE creating 3+ TRILLION in UNFUNDED treasury bonds

You know how it works right? lol

Deficit ISN'T the debt...

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues

Since they add all the money coming in (including SS taxes) before they subtract out all the spending, it helps hide the true cost of all government spending, before Reagan and after Bush. So what?

Deficit ISN'T the debt.

Yes it is. Even if you can't add.

So you are a moron who conflates debt with deficits. Got it

I realize trying to clear up your idiocy is a lost cause.

So NO, you can't understand a BUDGET deficit ISN'T the debt, and you can't point to a single private sector job created with Dubya's $1.7+ trillion tax cut cost 2001-2009

 

[Toddsterpatriot]

Gave the most top end tax cuts? How much did he give, percentage wise, to the top end?

Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years

• The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years — for a total of more than $1 million over this period.
• The tax cuts made the tax system less progressive.
  
  Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years mdash Center on Budget and Policy Priorities
  
  
  WHERE WERE THE JOBS??????

The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years

What was the percentage?

How many PRIVATE sector jobs did each $1 million in the tax cuts for the rich create?

More than Obama's tax hikes.

 

[CrusaderFrank]

How about more realistic pension and benefits for them too

Envy much? Too bad you're too stupid and too much of a wimp to qualify for Safety Retirement.

We earn what we have, rescuing stupid people like you, and wondering every shift if some asshole with a gun is intent on doing harm to others; or 'cause he's too much a coward to put the gun in his own mouth and wants LE to do it for him.

I'll bet there's a long line of people who would do your job with a much smaller pension and health benefits more in line with the private sector. Most private sector jobs don't even offer a pension.

What makes you think you actually deserve what you are paid?

Yes, how dare the Gov't NOT race to the bottom as fast as the private sector, don't you know we need more money in the hands of the 1%ers

So government leeches are entitled to more than the people who pay their salaries? Is that what you really wanted to admit? I would rather have money go to the 1% who earned it than the 5% who make up the government workforce.

You get what you pay for

Pay for bottom of the barrel employees you get bottom of the barrel employees

Bottom of the Barrel is what you get from Democrat high Schools. There are some exception students who are able to succeed nevertheless, but give the Progs anothr generation and they'll kill them off as well

 

[Toddsterpatriot]

So without that $10, buying Treasury bonds, you'd have another $10 borrowed from the public.
Which means $100 coming in, $101 going out, deficit of $1.

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues, which hides the TRUE costs of Reagan/Bush tax cuts WHILE creating 3+ TRILLION in UNFUNDED treasury bonds

You know how it works right? lol

Deficit ISN'T the debt...

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues

Since they add all the money coming in (including SS taxes) before they subtract out all the spending, it helps hide the true cost of all government spending, before Reagan and after Bush. So what?

Deficit ISN'T the debt.

Yes it is. Even if you can't add.

So you are a moron who conflates debt with deficits. Got it

I realize trying to clear up your idiocy is a lost cause.

So NO, you can't understand a BUDGET deficit ISN'T the debt, and you can't point to a single private sector job created with Dubya's $1.7+ trillion tax cut cost 2001-2009

Every dollar of deficit, adds a dollar to the debt.

 

[Dad2three]

Economy was doing pretty well up until the democrats took over Congress and ignored Bush from there on in. True story, look it up.

PLEASE give me the bills they passed that changed Dubya's policies? PRETTY PLEASE? lol

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“[5][6]

Causes of the Great Recession - Wikipedia the free encyclopedia

Congress let us down.

Rep. Artur Davis (D-AL): "I Wish my Democratic Colleagues Would Admit When it Comes to Fannie & Freddie, We Were Wrong" - See more at: House Democrats Duck Investigating Toxic Twins at the Heart of the Mortgage Meltdown Speaker.gov

Rep. Henry Waxman (D-CA) and House Oversight & Government Reform Committee Democrats still refuse to set a date for a hearing on Fannie Mae and Freddie Mac and call on former Fannie Mae CEO Franklin Raines to testify about his contribution to today’s market turmoil. Republicans believe Congress has the responsibility to fundamentally reform Fannie Mae and Freddie Mac so taxpayers are never again left on the hook. The San Francisco Chronicle discusses the efforts of House Republicans, including Rep. Chris Shays (R-CT), to force a closer look at how Fannie Mae and Freddie Mac led to this economic crisis:

NOT THIS RIGHT WING BULLSHIT AGAIN? SERIOUSLY? lol


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)

1. Private markets caused the shady mortgage boom:

2. The government’s affordability mission didn’t cause the crisis:

3. There is a lot of research to back this up and little against it: This is not exactly an obscure corner of the wonk world — it is one of the most studied capital markets in the world.

4. Conservatives sang a different tune before the crash: Conservative think tanks spent the 2000s saying the exact opposite of what they are saying now

Peter Wallison (LONE DISSENTER ON THE FIN CRISIS COMM, now pushing the gov't did it meme)in 2004: “In recent years, study after study has shown that Fannie Mae and Freddie Mac are failing to do even as much as banks and S&Ls in providing financing for affordable housing, including minority and low income housing.”

Hey Mayor Bloomberg No the GSEs Did Not Cause the Financial Meltdown but thats just according to the data The Big Picture

Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown

Government data show Fannie and Freddie didn’t take the same risks that Wall Street’s mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie.

Wall Street Not Fannie and Freddie Led Mortgage Meltdown - The Daily Beast


BUT IF YOU WANT TO BLAME F/F

June 17, 2004

Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people


Home builders fight Bush s low-income housing - Jun. 17 2004


(In 2000, CLINTON) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."


Fannie, Freddie to Suffer Under New Rule, BARNEY Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.


So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf





How HUD Mortgage Policy Fed The Crisis

"In 2004 (BUSH), the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."

http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf

 

[Dad2three]

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues, which hides the TRUE costs of Reagan/Bush tax cuts WHILE creating 3+ TRILLION in UNFUNDED treasury bonds

You know how it works right? lol

Deficit ISN'T the debt...

Yeah, EXCEPT by LAW you MUST buy the treasury bond with excess revenues

Since they add all the money coming in (including SS taxes) before they subtract out all the spending, it helps hide the true cost of all government spending, before Reagan and after Bush. So what?

Deficit ISN'T the debt.

Yes it is. Even if you can't add.

So you are a moron who conflates debt with deficits. Got it

I realize trying to clear up your idiocy is a lost cause.

So NO, you can't understand a BUDGET deficit ISN'T the debt, and you can't point to a single private sector job created with Dubya's $1.7+ trillion tax cut cost 2001-2009

Every dollar of deficit, adds a dollar to the debt.

And when the dollar NOT in the deficit is included, but is a payroll tax coming in, ALSO creates debt THOUGH it shrinks the deficit!!

 

[Dad2three]

Gave the most top end tax cuts? How much did he give, percentage wise, to the top end?

Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years

• The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years — for a total of more than $1 million over this period.
• The tax cuts made the tax system less progressive.
  
  Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years mdash Center on Budget and Policy Priorities
  
  
  WHERE WERE THE JOBS??????

The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years

What was the percentage?

How many PRIVATE sector jobs did each $1 million in the tax cuts for the rich create?

More than Obama's tax hikes.

Weird, 11+ million PRIVATE sector jobs since Feb 2010? Dubya lost 1+ million with his 8 yars? When did Obama increase taxes? lol

_

 

[Dad2three]

Economy was doing pretty well up until the democrats took over Congress and ignored Bush from there on in. True story, look it up.

PLEASE give me the bills they passed that changed Dubya's policies? PRETTY PLEASE? lol

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“[5][6]

Causes of the Great Recession - Wikipedia the free encyclopedia

Congress let us down.

Rep. Artur Davis (D-AL): "I Wish my Democratic Colleagues Would Admit When it Comes to Fannie & Freddie, We Were Wrong" - See more at: House Democrats Duck Investigating Toxic Twins at the Heart of the Mortgage Meltdown Speaker.gov

Rep. Henry Waxman (D-CA) and House Oversight & Government Reform Committee Democrats still refuse to set a date for a hearing on Fannie Mae and Freddie Mac and call on former Fannie Mae CEO Franklin Raines to testify about his contribution to today’s market turmoil. Republicans believe Congress has the responsibility to fundamentally reform Fannie Mae and Freddie Mac so taxpayers are never again left on the hook. The San Francisco Chronicle discusses the efforts of House Republicans, including Rep. Chris Shays (R-CT), to force a closer look at how Fannie Mae and Freddie Mac led to this economic crisis:

It is clear to anyone who has studied the financial crisis of 2008 that the private sector’s drive for short-term profit was behind it. More than 84 percent of the sub-prime mortgages in 2006 were issued by private lending. These private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year. Out of the top 25 subprime lenders in 2006, only one was subject to the usual mortgage laws and regulations.


The nonbank underwriters made more than 12 million subprime mortgages with a value of nearly $2 trillion. The lenders who made these were exempt from federal regulations.

Lest We Forget Why We Had A Financial Crisis - Forbes

Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse


Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment banks capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

 

[bripat9643]

How about more realistic pension and benefits for them too

Envy much? Too bad you're too stupid and too much of a wimp to qualify for Safety Retirement.

We earn what we have, rescuing stupid people like you, and wondering every shift if some asshole with a gun is intent on doing harm to others; or 'cause he's too much a coward to put the gun in his own mouth and wants LE to do it for him.

I'll bet there's a long line of people who would do your job with a much smaller pension and health benefits more in line with the private sector. Most private sector jobs don't even offer a pension.

What makes you think you actually deserve what you are paid?

Yes, how dare the Gov't NOT race to the bottom as fast as the private sector, don't you know we need more money in the hands of the 1%ers

So government leeches are entitled to more than the people who pay their salaries? Is that what you really wanted to admit? I would rather have money go to the 1% who earned it than the 5% who make up the government workforce.

You get what you pay for

Pay for bottom of the barrel employees you get bottom of the barrel employees

Wrong. The most you'll ever get is what you paid for. In the case of government employees, you get much less.

You just insulted all employees in the private sector by calling them "bottom of the barrel." It's no surprise that a tick on the ass of society like you would look down your nose at the people who pay your salary.

 

[Toddsterpatriot]

Every dollar of deficit, adds a dollar to the debt.

And when the dollar NOT in the deficit is included, but is a payroll tax coming in, ALSO creates debt THOUGH it shrinks the deficit!!

When the payroll tax brings in $100 billion more than Social Security spends, the deficit for that year is $100 billion less than it would have been without Social Security. But the $150 billion deficit will still add $150 billion to the debt.

And your 60% lie about Social Security is still a lie.

 

[bripat9643]

Perhaps understand the difference of deficits versus debt Bubba?

If you add the 4 years of deficits, you'll have the added debt after 4 years, Doofus.

Debt can increase WHEN EXCESS PAYMENTS FROM PAYROLL TAXES COME IN, BUT LEAVE SMALLER DEFICITS!

Of course, we're talking about gross debt. Just like your earlier chart.

Excess payroll taxes ARE income to the budget, BUT ADDS INTRA GOV'T debt to the books!

Of course. Do you imagine you've discovered something new? Maybe new to you. LOL!

YOU'RE A MORON. WORLD CLASS, BUT STILL A MORON BUBBA!

Adding deficits DOESN'T amount to US debt, lol

Adding deficits DOESN'T amount to US debt

Yes it does.

Gawd you're a moron.

"Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted."

The Budget and Deficit Under Clinton


BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

In your simplistic example, $90 came in thru income, business, import taxes and fees, etc.
$10 came in thru payroll taxes.
Spending was $101.
Your debt increased by $1, because your spending was more than your income.
Get an unrelated 5th grader to explain it to you. Doofus.

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

That money was spent also. That $10 in treasury bonds is worthless to the taxpayers. They are the ones who have to pay them off.

What a moron.

 

[bripat9643]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

I would love to see her as president, but unfortunately she wouldn't have a snowball's chance in Hell if she ran. That's America for you. Most Americans aren't smart enough to know what's good for them.

True, but they are smart enough to not to vote for an outright commie like Fauxcahontas.

 

[Dad2three]

Every dollar of deficit, adds a dollar to the debt.

And when the dollar NOT in the deficit is included, but is a payroll tax coming in, ALSO creates debt THOUGH it shrinks the deficit!!

When the payroll tax brings in $100 billion more than Social Security spends, the deficit for that year is $100 billion less than it would have been without Social Security. But the $150 billion deficit will still add $150 billion to the debt.

And your 60% lie about Social Security is still a lie.

lol, MORON. If social security brings in $100 billion a year more than costs, debt grows BUT the deficit is smaller!

 

[Toddsterpatriot]

Gave the most top end tax cuts? How much did he give, percentage wise, to the top end?

Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years

• The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years — for a total of more than $1 million over this period.
• The tax cuts made the tax system less progressive.
  
  Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years mdash Center on Budget and Policy Priorities
  
  
  WHERE WERE THE JOBS??????

The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years

What was the percentage?

How many PRIVATE sector jobs did each $1 million in the tax cuts for the rich create?

More than Obama's tax hikes.

Weird, 11+ million PRIVATE sector jobs since Feb 2010? Dubya lost 1+ million with his 8 yars? When did Obama increase taxes? lol

_

Obama raised taxes with the American Taxpayer Relief Act of 2012.

I love the ironic name.

 

[Toddsterpatriot]

Every dollar of deficit, adds a dollar to the debt.

And when the dollar NOT in the deficit is included, but is a payroll tax coming in, ALSO creates debt THOUGH it shrinks the deficit!!

When the payroll tax brings in $100 billion more than Social Security spends, the deficit for that year is $100 billion less than it would have been without Social Security. But the $150 billion deficit will still add $150 billion to the debt.

And your 60% lie about Social Security is still a lie.

lol, MORON. If social security brings in $100 billion a year more than costs, debt grows BUT the deficit is smaller!

The deficit is smaller, but still a deficit.
The deficit adds to the debt.
In my example, the deficit is $150 billion, the debt grows by $150 billion. Idiot.

 

[Dad2three]

YOU'RE A MORON. WORLD CLASS, BUT STILL A MORON BUBBA!

Adding deficits DOESN'T amount to US debt, lol

Adding deficits DOESN'T amount to US debt

Yes it does.

Gawd you're a moron.

"Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted."

The Budget and Deficit Under Clinton


BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

In your simplistic example, $90 came in thru income, business, import taxes and fees, etc.
$10 came in thru payroll taxes.
Spending was $101.
Your debt increased by $1, because your spending was more than your income.
Get an unrelated 5th grader to explain it to you. Doofus.

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

That money was spent also. That $10 in treasury bonds is worthless to the taxpayers. They are the ones who have to pay them off.

What a moron.

Sure the money IS spent, that was Reagan's idea when he went along with Greenspan's plan to 'save SS', when he really needed more revenues to hide the cost of tax cuts for the rich!

 

[Billy000]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

I would love to see her as president, but unfortunately she wouldn't have a snowball's chance in Hell if she ran. That's America for you. Most Americans aren't smart enough to know what's good for them.

True, but they are smart enough to not to vote for an outright commie like Fauxcahontas.

Um is that supposed to be Hillary? She's a centrist whether you like it or not. That's why she will likely win. You don't like her because she isn't a crazy, moronic, corrupt teabagger like Ted Cruz.

 

[Dad2three]

Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years

• The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years — for a total of more than $1 million over this period.
• The tax cuts made the tax system less progressive.
  
  Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years mdash Center on Budget and Policy Priorities
  
  
  WHERE WERE THE JOBS??????

The average tax cut that people making over $1 million received exceeded $110,000 in each of the last nine years

What was the percentage?

How many PRIVATE sector jobs did each $1 million in the tax cuts for the rich create?

More than Obama's tax hikes.

Weird, 11+ million PRIVATE sector jobs since Feb 2010? Dubya lost 1+ million with his 8 yars? When did Obama increase taxes? lol

_

Obama raised taxes with the American Taxpayer Relief Act of 2012.

I love the ironic name.

Weird, yet we've seen MILLIONS of jobs created since. Where Dubyaa and his $1.7+ TRILLION tax cut (during two wars), had US losing 1+ million PRIVATE sector jobs in 8 years

Yep, PROOF supply side 'works' (FOR THE TOP 1%ers)....

 

[Toddsterpatriot]

Adding deficits DOESN'T amount to US debt

Yes it does.

Gawd you're a moron.

"Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted."

The Budget and Deficit Under Clinton


BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

In your simplistic example, $90 came in thru income, business, import taxes and fees, etc.
$10 came in thru payroll taxes.
Spending was $101.
Your debt increased by $1, because your spending was more than your income.
Get an unrelated 5th grader to explain it to you. Doofus.

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

That money was spent also. That $10 in treasury bonds is worthless to the taxpayers. They are the ones who have to pay them off.

What a moron.

Sure the money IS spent, that was Reagan's idea when he went along with Greenspan's plan to 'save SS', when he really needed more revenues to hide the cost of tax cuts for the rich!

Sure the money IS spent, that was Reagan's idea when he went along with Greenspan's plan

That's how SS always worked, long before Reagan. There is no lockbox, Al Gore. LOL!