Screw "Tax The Poor" Capitalism.

Unsustainable bubbles are cool!

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

So then why is it that Conservatives are the ones who give us those bubbles?

Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.

As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.

Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry

You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?

You'll stick to your lies huh Buttercup?


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 bank’s 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 (GSE'S BUY FROM BANKSTERS BUBBA)
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

WEIRD HOW THE CLOSEST THE US HAS COME TO "FREE MARKETS" DON'T NEED REGULATORS ON THE BEAT SINCE THE FIRST GOP GREAT DEPRESSION, WE HAD RONNIE'S S&L CRISIS AND DUBYA'S SUBPRIME BUBBLE RIGHT BUTTERCUP? Just a coincidence?



,
Subprime_mortgage_originations,_1996-2008.GIF
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
 
Unsustainable bubbles are cool!

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

So then why is it that Conservatives are the ones who give us those bubbles?

Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.

As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.

Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry

You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?

You'll stick to your lies huh Buttercup?


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 bank’s 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 (GSE'S BUY FROM BANKSTERS BUBBA)
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

WEIRD HOW THE CLOSEST THE US HAS COME TO "FREE MARKETS" DON'T NEED REGULATORS ON THE BEAT SINCE THE FIRST GOP GREAT DEPRESSION, WE HAD RONNIE'S S&L CRISIS AND DUBYA'S SUBPRIME BUBBLE RIGHT BUTTERCUP? Just a coincidence?



,
Subprime_mortgage_originations,_1996-2008.GIF

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

Yeah, pushing homes on people who can't afford them is a really bad idea.
It's bad when Dems do it, it's bad when Republicans do it.
 

Not the right place to tell lies, hack boi.

usgs_chart4p11.png



Andrew Jackson was the last president to leave a surplus.

Sorry Cupcake, I get the rightards don't understand the difference with a YEARLY BUDGET versus debt by the US Gov't Cupcake

THE LAST GUY TO HAVE BUDGET SURPLUSES (more money coming in than going out in a f/y) was BJ Bill, he had 4 of them Cupcake, 3 after vetoing the GOP's $792+ billion tax cut :)

FederalDeficit(1).jpg

Newt Gingrich really held the line on Clinton's spending wishes.


Sure he did Buttercup, that's why Clinton had to veto the GOP's $792+ billion tax cut after BJ Bills first surplus Buttercup



Take President Clinton’s 1993 budget bill (PASSED WITHOUT A SINGLE GOP VOTE)—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus.

Not So Fast, Newt - Center for American Progress

0151f570b11b6cfe0d16755bed94b046.jpg
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
yet, the right wing prefers to claim cutting taxes is Always the solution, regardless of which side of the curve we are on.
 
[

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

Wait, you're claiming the housing bubble started in 2004? :eek:

:lmao:

I thought you claimed that you didn't lie?

Or is this one of those definition issues, where a lie is anything that opposes the party and truth is anything that promotes the party?



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President's Working Group on Financial Markets October 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007."



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf



Q Why is it commonly called the subprime bubble ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)
FACTS on Dubya's great recession

Subprime_mortgage_originations,_1996-2008.GIF
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,



Yes, $9.3 trillion of added debt, very responsible.

Yep, UNFUNDED TAX CUTS, UNFUNDED WARS AND UNFUNDED MEDICARE EXPANSION CBO SAYS COST AS MUCH AS OBAMACARES 2013-2020, WHICH WAS 100% FUNDED, HAS CONSEQUENCES CUPCAKE, As well as cheering on the Banksters world wide credit bubble like Dubya did :(

BET YOU CRIED WHEN RONNIE TRIPLED THE DEBT RIGHT CUPCAKE?


CBPPpublicdebt.jpg
 
Unsustainable bubbles are cool!

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

So then why is it that Conservatives are the ones who give us those bubbles?

Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.

As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.

Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry

You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?

You'll stick to your lies huh Buttercup?


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 bank’s 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 (GSE'S BUY FROM BANKSTERS BUBBA)
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

WEIRD HOW THE CLOSEST THE US HAS COME TO "FREE MARKETS" DON'T NEED REGULATORS ON THE BEAT SINCE THE FIRST GOP GREAT DEPRESSION, WE HAD RONNIE'S S&L CRISIS AND DUBYA'S SUBPRIME BUBBLE RIGHT BUTTERCUP? Just a coincidence?



,
Subprime_mortgage_originations,_1996-2008.GIF

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

Yeah, pushing homes on people who can't afford them is a really bad idea.
It's bad when Dems do it, it's bad when Republicans do it.


Weird how the "party of responsibility" NEVER accepts responsibility for THEIR FAILED POLICIES :)


YES, I CAN SEE HOW THIS WAS THE DEMS FAULT

slide_22.jpg

Subprime_mortgage_originations,_1996-2008.GIF
 
Unsustainable bubbles are cool!

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

So then why is it that Conservatives are the ones who give us those bubbles?

Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.

As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.

Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry

You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?

You'll stick to your lies huh Buttercup?


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 bank’s 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 (GSE'S BUY FROM BANKSTERS BUBBA)
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

WEIRD HOW THE CLOSEST THE US HAS COME TO "FREE MARKETS" DON'T NEED REGULATORS ON THE BEAT SINCE THE FIRST GOP GREAT DEPRESSION, WE HAD RONNIE'S S&L CRISIS AND DUBYA'S SUBPRIME BUBBLE RIGHT BUTTERCUP? Just a coincidence?



,
Subprime_mortgage_originations,_1996-2008.GIF

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

Yeah, pushing homes on people who can't afford them is a really bad idea.
It's bad when Dems do it, it's bad when Republicans do it.


MAYBE next time the GOP should understand Banksters WILL NOT SELF REGULATE Cupcake? You know having underwriting standards like Bill and Barry had, unlike Ronnie/Dubya?
 
Unsustainable bubbles are cool!

So then why is it that Conservatives are the ones who give us those bubbles? Dotcom bubble in 2000 thanks to the Capital Gains Tax Cut of 1997, Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry and his tax cuts.

So then why is it that Conservatives are the ones who give us those bubbles?

Bubbles have always happened and will always happen.
The one that is currently expanding in China is an ugly one.
I'd stand back if I were you.

As far as the recent bubbles, if the Internet bubble had popped a couple years earlier, we wouldn't have to hear about Clinton's awesome "surplus" and if the RE bubble had popped a couple of years later, Obama would have been a one term failure instead of a two term failure.

Mortgage bubble in 2004-7 thanks to Bush deregulating the mortgage industry

You'll have to tell me more about this claim.
Do you feel that pushing banks, Fannie and Freddie to vastly expand lending to poorer people is an example of deregulation?

You'll stick to your lies huh Buttercup?


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 bank’s 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 (GSE'S BUY FROM BANKSTERS BUBBA)
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

WEIRD HOW THE CLOSEST THE US HAS COME TO "FREE MARKETS" DON'T NEED REGULATORS ON THE BEAT SINCE THE FIRST GOP GREAT DEPRESSION, WE HAD RONNIE'S S&L CRISIS AND DUBYA'S SUBPRIME BUBBLE RIGHT BUTTERCUP? Just a coincidence?



,
Subprime_mortgage_originations,_1996-2008.GIF

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

Yeah, pushing homes on people who can't afford them is a really bad idea.
It's bad when Dems do it, it's bad when Republicans do it.


constitutional-convention-its-aftermath-15-728.jpg
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
yet, the right wing prefers to claim cutting taxes is Always the solution, regardless of which side of the curve we are on.

yet, the right wing prefers to claim cutting taxes is Always the solution,


And cutting spending....a lot.
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,



Yes, $9.3 trillion of added debt, very responsible.

Yep, UNFUNDED TAX CUTS, UNFUNDED WARS AND UNFUNDED MEDICARE EXPANSION CBO SAYS COST AS MUCH AS OBAMACARES 2013-2020, WHICH WAS 100% FUNDED, HAS CONSEQUENCES CUPCAKE, As well as cheering on the Banksters world wide credit bubble like Dubya did :(

BET YOU CRIED WHEN RONNIE TRIPLED THE DEBT RIGHT CUPCAKE?


CBPPpublicdebt.jpg

Yep, UNFUNDED TAX CUTS,


I agree, Bush should have cut spending when he cut taxes.

OBAMACARES 2013-2020, WHICH WAS 100% FUNDED


Yeah, great plan, imploding as we speak.
 
Fuhrer Soros loves him some fascism, as do you.

So calling a Holocaust survivor a fascist is antisemitism and flaming. It shows you're not really serious about this debate, and I think you know that we know that.

So that begs the question; if you're not serious, why are you here? Is it just a way for you to feel better about yourself? Is your ego really that fragile?

Soros is a COLLABORATOR, not a survivor.

Here’s the 60 Minutes Interview George Soros Scrubbed From the Internet - Trading with The Fly

Jesus the shit you hacks try to pull.

This is what I mean by pointing out that you are patently dishonest.


Talk about being dishonest Cupcake:


Given that Soros — born in 1930 — was only nine years old when World War II began and 14 when the war ended in Europe in 1945,

FACT CHECK: Was George Soros an SS Officer in Nazi Germany?
socialism on a national basis and "hate on the poor", is all the right wing is good at.
 

Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
yet, the right wing prefers to claim cutting taxes is Always the solution, regardless of which side of the curve we are on.

yet, the right wing prefers to claim cutting taxes is Always the solution,


And cutting spending....a lot.
lol. cut the drug war, right wingers, not food stamps for the poor.
 
Unsustainable bubbles are cool!

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
yet, the right wing prefers to claim cutting taxes is Always the solution, regardless of which side of the curve we are on.

yet, the right wing prefers to claim cutting taxes is Always the solution,


And cutting spending....a lot.
lol. cut the drug war, right wingers, not food stamps for the poor.

Dude, don't bogart that joint.
 
[

Weird, you mean Obama was trying to reset the Russian/US relations and RIGHTFULLY said he had more flexibility after he spanked Romney Buttercup?



As he was leaning toward Medvedev in Seoul, Obama was overheard asking for time — “particularly with missile defense” — until he is in a better position politically to resolve such issues.

“I understand your message about space,” replied Medvedev, who will hand over the presidency to Putin in May.

“This is my last election … After my election I have more flexibility,” Obama said, expressing confidence that he would win a second term.

“I will transmit this information to Vladimir,” said Medvedev, Putin’s protégé and long considered number two in Moscow’s power structure.


Horrible to be honest right Buttercup?

So we have ACTUAL collusion by Obama, yet you fascist think we should go after Trump, despite there not being a hint of evidence....

I get it, collusion is only bad if the other side does it...
 
Fuhrer Soros loves him some fascism, as do you.

So calling a Holocaust survivor a fascist is antisemitism and flaming. It shows you're not really serious about this debate, and I think you know that we know that.

So that begs the question; if you're not serious, why are you here? Is it just a way for you to feel better about yourself? Is your ego really that fragile?

Soros is a COLLABORATOR, not a survivor.

Here’s the 60 Minutes Interview George Soros Scrubbed From the Internet - Trading with The Fly

Jesus the shit you hacks try to pull.

This is what I mean by pointing out that you are patently dishonest.


Talk about being dishonest Cupcake:


Given that Soros — born in 1930 — was only nine years old when World War II began and 14 when the war ended in Europe in 1945,

FACT CHECK: Was George Soros an SS Officer in Nazi Germany?

I posted VIDEO from 60 minutes, Nazi boi.

You will lie no matter what...
 
Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years, Go figure Cupcake


"President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993. Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1988 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus."


Sorry Cupcake

Not So Fast, Newt - Center for American Progress


8f81455a3497dc5a4f567876f8d13dd1.jpg

Yet only Clinton/Obama lowered the deficits handed to them in the past 60 years,

Yes, $9.3 trillion of added debt, very responsible.
yet, the right wing prefers to claim cutting taxes is Always the solution, regardless of which side of the curve we are on.

yet, the right wing prefers to claim cutting taxes is Always the solution,


And cutting spending....a lot.
lol. cut the drug war, right wingers, not food stamps for the poor.

Dude, don't bogart that joint.
why not, i "worked for it".
 

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