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Lay Aside Political Lies And Take A Good Look At The Debt
- Thread starter Campbell
- Start date
ScienceRocks
Democrat all the way!
- Mar 16, 2010
- 59,455
- 6,797
Bush didn't even put his wars or tax cuts into the budget...So Obama got fucked.
What's sick is the reality that the republicans want to gut infrastructure, science, r&d and education that hasn't caused any debt. It is weird how they defend wall street, their stupid wars of nation building and don't do shit about other major causes of it.
Never elect republicans.
What's sick is the reality that the republicans want to gut infrastructure, science, r&d and education that hasn't caused any debt. It is weird how they defend wall street, their stupid wars of nation building and don't do shit about other major causes of it.
Never elect republicans.
ScienceRocks
Democrat all the way!
- Mar 16, 2010
- 59,455
- 6,797
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
Fuck republicans. Cock suckers.
The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
^^^Bush didn't even put his wars or tax cuts into the budget...So Obama got fucked.
What's sick is the reality that the republicans want to gut infrastructure, science, r&d and education that hasn't caused any debt. It is weird how they defend wall street, their stupid wars of nation building and don't do shit about other major causes of it.
Never elect republicans.
Liar.
NYcarbineer
Diamond Member
- Mar 10, 2009
- 117,063
- 13,888
We were in good shape in 2000 under PAYGO.
The GOP got rid of PAYGO as soon as they had the power.
The GOP got rid of PAYGO as soon as they had the power.
Disir
Platinum Member
- Sep 30, 2011
- 28,003
- 9,610
They Just Don't Like His Tan:
Who profits?
Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,194
- 36,235
Bush didn't even put his wars or tax cuts into the budget...So Obama got fucked.
What's sick is the reality that the republicans want to gut infrastructure, science, r&d and education that hasn't caused any debt. It is weird how they defend wall street, their stupid wars of nation building and don't do shit about other major causes of it.
Never elect republicans.
Bush didn't even put his wars or tax cuts into the budget...
What does this moronic claim even mean?
All spending was voted on and passed by Congress.
What's sick is the reality that the republicans want to gut infrastructure, science, r&d and education that hasn't caused any debt.
That's weird because I want to cut all the stupid spending that skyrocketed since Obama showed up.
If we did that, we'd have a big enough surplus to increase needed spending and stop your whining.
Of course if we don't seal the border and boot a few million illegals, we'll never have enough to fix infrastructure or education.
Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,194
- 36,235
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008.
What's funny is the bank bailout was repaid at a huge profit to the Treasury.
The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
You're such a fucking liar and ignoramus.We were in good shape in 2000 under PAYGO.
The GOP got rid of PAYGO as soon as they had the power.
'Pay as you go' budget goes the way of politics
- Mar 3, 2013
- 82,846
- 44,522
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
Referring to TARP?
Dem House
Dem Senate
How many Republicans voted for the TARP bailout?
NYcarbineer
Diamond Member
- Mar 10, 2009
- 117,063
- 13,888
You're such a fucking liar and ignoramus.We were in good shape in 2000 under PAYGO.
The GOP got rid of PAYGO as soon as they had the power.
'Pay as you go' budget goes the way of politics
PAYGO was working. Prove it wasn't.
- Sep 13, 2012
- 65,744
- 20,748
They Just Don't Like His Tan:
Why the 5 year gap in your propaganda?
the_human_being
Gold Member
- Sep 8, 2014
- 15,277
- 2,741
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008.
What's funny is the bank bailout was repaid at a huge profit to the Treasury.
Ever seen a Liberal Wingnut allow FACTS to get in his way?
Procrustes Stretched
Dante's Manifesto
- Dec 1, 2008
- 65,873
- 10,389
Barack Obama, then the Democratic presidential candidate, said that any bailout must include plans to recover the money, and protect working families and big financial institutions and be crafted to prevent such a crisis from happening againWhat's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008.
What's funny is the bank bailout was repaid at a huge profit to the Treasury.
Emergency Economic Stabilization Act of 2008 - Wikipedia, the free encyclopedia
Procrustes Stretched
Dante's Manifesto
- Dec 1, 2008
- 65,873
- 10,389
Treasury's bank bailout list - CNNMoney.com
Bailed out banks
The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and support new lending. Here's a list of the banks that got bailed out.
Bailed out banks
The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and support new lending. Here's a list of the banks that got bailed out.
The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
OK because the money given to Fannie/Freddie has not been paid back, nor will it.Barack Obama, then the Democratic presidential candidate, said that any bailout must include plans to recover the money, and protect working families and big financial institutions and be crafted to prevent such a crisis from happening againWhat's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008. But yet investment into America is somehow evil and wrong the republicans will scream.
Fuck republicans. Cock suckers.
What's funny is the reality that Bush got the republicans to vote on a 700 billion dollar tax cut + bail-out for big banks and corporations in Oct 2008.
What's funny is the bank bailout was repaid at a huge profit to the Treasury.
Emergency Economic Stabilization Act of 2008 - Wikipedia, the free encyclopedia
Procrustes Stretched
Dante's Manifesto
- Dec 1, 2008
- 65,873
- 10,389
Ignore Toddsterpatriot and check out some facts
Bailout Scorecard | Eye on the Bailout | ProPublica
Bailout Scorecard | Eye on the Bailout | ProPublica
The TARP
$475B
Total Allocation
The Treasury is authorized to spend $475 billion of the TARP (In July 2010, the financial regulation overhaul reduced TARP’s spending cap to $475 billion from the original $700 billion.). It has created 13 different programs, to which it has promised $458 billion.
The government committed bailout money to 954 recipients. Those recipients have received a total of $429 billion. A total of $390 billion has been returned.
The Treasury has been earning a return on most of the TARP money invested or loaned. So far, the total return is: $52.4B.
The main sources of that revenue are $23.1 billion through dividend or interest payments, $20 billion from sales of equity or other assets that Treasury acquired (mostly stock in Citigroup); and $9.63 billion through stock warrants which Treasury received as part of most of the investments. When companies pay back the TARP investment, the warrants are either sold back to the company or auctioned off.
$475B
Total Allocation
The Treasury is authorized to spend $475 billion of the TARP (In July 2010, the financial regulation overhaul reduced TARP’s spending cap to $475 billion from the original $700 billion.). It has created 13 different programs, to which it has promised $458 billion.
The government committed bailout money to 954 recipients. Those recipients have received a total of $429 billion. A total of $390 billion has been returned.
The Treasury has been earning a return on most of the TARP money invested or loaned. So far, the total return is: $52.4B.
The main sources of that revenue are $23.1 billion through dividend or interest payments, $20 billion from sales of equity or other assets that Treasury acquired (mostly stock in Citigroup); and $9.63 billion through stock warrants which Treasury received as part of most of the investments. When companies pay back the TARP investment, the warrants are either sold back to the company or auctioned off.
When those revenues are taken into account, the government's profit totals $13.1 billion.
While the Treasury has paid out money to 954 recipients, only 780 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP’s housing programs – that money (so far totaling $17.3 billion) isn’t coming back.
Of the 780 investments made by the Treasury, 572 have resulted in a profit. 123 of the investments resulted in a loss. So far, the profits amount to $48.2 billion, while the losses amount to $17.3 billion. 85 of the investments are still outstanding.
While the Treasury has paid out money to 954 recipients, only 780 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP’s housing programs – that money (so far totaling $17.3 billion) isn’t coming back.
Of the 780 investments made by the Treasury, 572 have resulted in a profit. 123 of the investments resulted in a loss. So far, the profits amount to $48.2 billion, while the losses amount to $17.3 billion. 85 of the investments are still outstanding.
Procrustes Stretched
Dante's Manifesto
- Dec 1, 2008
- 65,873
- 10,389
Fannie and Freddie
The total amount invested in Fannie and Freddie so far is $187B.
The Treasury has been earning a return on its investments, which has resulted in a profit. So far the companies have paid $231B in dividends to the Treasury.
Bailout Scorecard | Eye on the Bailout | ProPublica
The total amount invested in Fannie and Freddie so far is $187B.
The Treasury has been earning a return on its investments, which has resulted in a profit. So far the companies have paid $231B in dividends to the Treasury.
Bailout Scorecard | Eye on the Bailout | ProPublica
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