Why didn't we hear about the deficit during the Bush administration?

[Cold Fusion38]

taxes were cut on middle class, low class, upper class, AND capital gains.

Sadly for YOUR argument the total in $s off tax liability was cut from CAPITAL GAINS which not many low income people enjoy.

I know the capital gains tax was cut in half. but i dont want to hear that only the rich got the tax breaks.

I'm sorry ONLY those wealthy enough to make money from DIVIDENDS! The WELL OFF!

 

[Cold Fusion38]

but where were the public tea parties!!!!!!!!!??????

There weren't any. The tea baggers are hypocrites because they only noticed the deficit when the Democratic President took office. Then they started crying about wanting their country back.

Back from what? The Black Muslim Man Born in Kenya?

LOL!!

Wackos.

Yup, had nothing to do with the Bush/Obama policies of late 2008, early 2009.

The Stimulus, February 9, 2008 – At a bush league price of only $168 billion, Speaker Nancy Pelosi (D-CA) and Majority Leader Harry Reid (D-NV) passed, and President Bush signed the first measure that economists assured us would save the economy. The core of the bill was tax rebate checks for more than 111 million U.S. households (a carbon copy of the tax cuts in Obama’s current stimulus plan). Also in the bill thanks to hard lobbying from Pelosi: increased limits on the size of mortgage loans that Fannie Mae and Freddie Mac could buy. Remember when the left still thought government could keep the bubble from bursting?

The Housing Bailout, July 30, 2008 – A bill that David Broder praised as proof that “Congress Works“, the ‘08 housing bill again increased the limit on size of the loans Fannie and Freddie could buy, put taxpayers on the hook for an increased $300 billion in new FHA lending authority, cut local governments a check for $3.9 billion to buy foreclosed properties, and provided $15 billion in temporary tax breaks for home buyers. Oh … and it also gave the Treasury Department the authority to buy Fannie and Freddie stock … but don’t worry … those government sponsored entities could never fail.

TARP I: The First $350 Billion, October 3, 2008 – Originally sold to the American people as an acutely targeted program to rid the financial sector of toxic mortgage assets, the Troubled Asset Relief Program quickly lost all coherence. First the money was used to inject capital into select U.S. banks, but then Secretary Hank Paulson announced he would purchase stock in non-bank financial firms and provide federal financing for investors in securities backed by consumer debt such as car loans, student loans, and credit cards. The last of the first $350 billion was swallowed by the failing auto giants General Motors and Chrysler.

TARP II: The Second $350 Billion, January 15, 2009 – Following the required formal request from Treasury Secretary Henry Paulson, the Senate failed to stop the second $350 billion TARP funding mere days before President Obama was sworn in. The world is waiting with bated breath to find out how Tax Cheat Timothy Geithner plans to blow his first $350 billion, but already his plans have been all over the place. Early in January, Geithner made it clear his plans would be as incoherent as Paulson’s, promising to “broaden its scope … to municipalities, small businesses, homeowners and other consumers.” Now Geithner is singing a tune closer to Paulson’s original vision including more government purchases of bank equity, with strings attached, including loan modification programs. We’ll see what happens.

The Mother of All Stimuli, sometime next week, 2009 – Already clocking in at over $1.34 trillion over ten years, Obama’s Trillion Dollar Debt Plan is Bushonomics on steroids. The bill is a straight forward attempt to permanently redistribute spending and power away from the private sector and toward government at the cost of trillions of dollars in tax dollars from our children.

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

 

[Cold Fusion38]

The Mother of All Stimuli, sometime next week, 2009 – Already clocking in at over $1.34 trillion over ten years, Obama’s Trillion Dollar Debt Plan is Bushonomics on steroids. The bill is a straight forward attempt to permanently redistribute spending and power away from the private sector and toward government at the cost of trillions of dollars in tax dollars from our children.





$1.3 TRILLION over TEN YEARS compared to BUSH'S $5.5 TRILLION over 8 years.

 

[Article 15]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

Gearing up for the inevitable Obama win in November.

 

[elvis]

Sadly for YOUR argument the total in $s off tax liability was cut from CAPITAL GAINS which not many low income people enjoy.

I know the capital gains tax was cut in half. but i dont want to hear that only the rich got the tax breaks.

I'm sorry ONLY those wealthy enough to make money from DIVIDENDS! The WELL OFF!

no. look at the fucking brackets, you moron.

 

[Avatar4321]

<----Checks IP addresses.

Nope...Queenie and truthdontmatter aren't sock puppets.

But they are pretty much the Beavis and Butthead of the lefty wackaloon alternate universe!

Thanks for proving your dishonesty, since you're not an admin, you cannot see our IP addresses.

Now I'll be sure to remember never to believe anything you say, going forward.

I love it when people make this perfectly clear early on. Less wasted time.

So he is being dishonest and you really are TM? How did you pull off the IP change?

 

[Avatar4321]

Oh sorry, I guess in kooky Dude world clueless and Kool-Aid banging left and you don't know what you're talking about and Best quit while you're behind are not insults at all.

Would you categorize them as compliments in nutty world then?

No. Id categorize them as: Sound advice.

 

[Ragnar]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

 

[Cold Fusion38]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

Oh NO they are funded by FAUX NEWS! And we all know why the FAUX NEWS zombies are searching for BRAINS!

 

[Article 15]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

 

[Xenophon]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

Moveon, Dailykos, MSNBC & The Dems have a lot more, thanks to a friendly Hungarian.

 

[Article 15]

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

Moveon, Dailykos, MSNBC & The Dems have a lot more, thanks to a friendly Hungarian.

And?

 

[L.K.Eder]

Pretty much...I quit listening to him because he's such a damned negative Nancy.

In any case, he was busting pretty hard on the administration and the (R) congress for spending like crazy.

Savage and Boortz were going pretty nuts too.


And in the end, Bush's poll numbers were circling the drain because of his spending... among other things.

Iraq was the primary reason for his numbers tanking.

i thought it was because bush was not conservative enough. hahahahaha

 

[Ragnar]

O.K. WHERE were the "Tea Partiers" in late '08!!!!?????

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

They "have" FOX because FOX News reports on newsworthy events. (like a rally in Washington bigger than MLK's... that's "news")

Corporate sponsors by the "buttload"? Can you name three?

 

[Article 15]

All the eveidence shows this to be a new movement that is unprecedented. They had no organization or organizational skills and maybe even a lack of awarness as to how many people were in the "club". Thesea are middle classed people, middle aged people without a history of rallies or marches.

They are not made up of the usual zombietime bums, college students or ACORN bussed in hacks and SEIU union thugs or commie funded ANSWER geeks. The Tea Party people are working stiffs with day jobs and families. They are a pissed off and unaffiliated new breed of political monster that no one knows what to make of yet.

But we do know what created them, Pelosi/Reid/Obama greed!

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

They "have" FOX because FOX News reports on newsworthy events. (like a rally in Washington bigger than MLK's... that's "news")

Corporate sponsors by the "buttload"? Can you name three?

tea party corporate sponsors - Google Search

 

[Ragnar]

lol ...

They have a buttload of corporate sponsors and FOX News behind him.

They "have" FOX because FOX News reports on newsworthy events. (like a rally in Washington bigger than MLK's... that's "news")

Corporate sponsors by the "buttload"? Can you name three?

tea party corporate sponsors - Google Search

Well that was a little more effort than linking to the google home page, lol.

That gets you, once again, Fox News and the right wing version of MoveOn called Freedom Works. (not to be confused with FreedomWorks llc which is, apparently an evil wind power corporation) Then again, news organisations are supposed to cover protest and marches, let alone movements of significant size.

 

[Article 15]

They "have" FOX because FOX News reports on newsworthy events. (like a rally in Washington bigger than MLK's... that's "news")

Corporate sponsors by the "buttload"? Can you name three?

tea party corporate sponsors - Google Search

Well that was a little more effort than linking to the google home page, lol.

That gets you, once again, Fox News and the right wing version of MoveOn called Freedom Works. (not to be confused with FreedomWorks llc which is, apparently an evil wind power corporation) Then again, news organisations are supposed to cover protest and marches, let alone movements of significant size.

FOX News has their people there cheering these protests on.

Can you imagine Keith Olbermann or some MSNBC reporter at an anti-war rally a few years ago cheering them on and the reaction the right would have to that?

 

[Avatar4321]

FOX News has their people there cheering these protests on.

Can you imagine Keith Olbermann or some MSNBC reporter at an anti-war rally a few years ago cheering them on and the reaction the right would have to that?

Yes I can. No one would care. Just like they dont now.

 

[Mike458877]

Tomorrow is the State of the Union and Obama will be talking about the huge deficit we have. Why didn't we ever hear about it during the Bush admin when during his admin the national debt was more than doubled? The deficits were huge!

But Bush hid them. He didn't put the two wars in the budget like Obama is doing. Remember all those emergency supplementals that congress voted on every few months? 250 billion here, 500 billion there, to fund the wars. We don't have those anymore, because the wars are funded, out in the open, by the budget.

But now, we see the deficit spending that these wars are causing, and suddenly everyone's all outraged.

This money has been draining our treasury for 8 years already.

09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86

Government - Historical Debt Outstanding - Annual 2000 - 2009

The 2009 debt number is from the Bush administration's fiscal year. When they post the 2010 numbers, that will be Obama's.

So I was just wondering why the media is so stupid? They keep talking about the huge deficit in the Obama admin. But they never mentioned the doubling of the national debt under the Bush admin. Are they really so stupid that they didn't realize all those war supplementals weren't in the budget and therefore hidden away each year?

If you expect anyone to believe that in the 8 years Bush was in office, that the deficit was not news, your nuts.

Further, why do you Obama supporters keep going back to Bush to try and defend Obama? Whatever decisions Obama makes are his, he owns them, period. Yes, we understand what he came into office facing, but, his choices on how to handle it, are his and no one else's.

He and you, his supporters would gain much more respect if you stopped trying to shove off what he owns, onto Bush or others!

Mike

 

[Xenophon]

tea party corporate sponsors - Google Search

Well that was a little more effort than linking to the google home page, lol.

That gets you, once again, Fox News and the right wing version of MoveOn called Freedom Works. (not to be confused with FreedomWorks llc which is, apparently an evil wind power corporation) Then again, news organisations are supposed to cover protest and marches, let alone movements of significant size.

FOX News has their people there cheering these protests on.

Can you imagine Keith Olbermann or some MSNBC reporter at an anti-war rally a few years ago cheering them on and the reaction the right would have to that?

Keith does shit like that now.

He held a wake when Brown won.