US faces "RECORD" 1/2 "TRILLION $" Budget Gap !

[NewHampshire Black Bears]

http://news.yahoo.com/s/nm/20080728/pl_nm/...nomy_deficit_dc


THANX......EL-CHIMPO.....for a Job WELL DONE :down: :down:

YOU, and your REPUG "homeys" had..FULL CONTROL of our government for 3/4 of your term,....AND...Veto power for the FULL TERM !

Obviously it means NOTHING to.."EC"..If I as a Democrat, despise him, ...BUT..."IF" he had/has..ANY Brains ???????....it SHOULD concern him as to the Number of REPUBLICANS, who DETEST him !!

again,

THANX for a Job WELL DONE ! :down: :down: :down:

 

[UAL_TECH]

U.S. NATIONAL DEBT CLOCK

Excerpt:

The estimated population of the United States is 304,440,258
so each citizen's share of this debt is $31,356.30.

The National Debt has continued to increase an average of
$1.77 billion per day since September 28, 2007!​

B) xUT

 

[KCFlyer]

http://news.yahoo.com/s/nm/20080728/pl_nm/...nomy_deficit_dc


THANX......EL-CHIMPO.....for a Job WELL DONE :down: :down:

YOU, and your REPUG "homeys" had..FULL CONTROL of our government for 3/4 of your term,....AND...Veto power for the FULL TERM !

Obviously it means NOTHING to.."EC"..If I as a Democrat, despise him, ...BUT..."IF" he had/has..ANY Brains ???????....it SHOULD concern him as to the Number of REPUBLICANS, who DETEST him !!

again,

THANX for a Job WELL DONE ! :down: :down: :down:

But...as Big Dick has said - "Reagan proved that deficits don't matter"....even though Reagan, while taking a break from walking on water, RAISED taxes a year after his tax cuts because of concerns for the growing deficit.

 

[delldude]

So then.....it all goes up....both sides claim the era of big government is over......which party has stayed true to their word?

 

[KCFlyer]

So then.....it all goes up....both sides claim the era of big government is over......which party has stayed true to their word?

Hmmm...Clinton inherited a deficit and 8 years later left with a surplus. Bush inherited a surplus and 8 years later leaves with a record deficit. I'd have to say the democrats have stayed true to their word. GOPer's like to trot out the "tax and spend" line on democrats. Republicans have two that they use...one on how to run the country "borrow and spend" and one on how we should improve the economy..."just spend". We've learned well...look how many Americans turned their homes into ATM's during Bush's reign.

 

[delldude]

Hmmm...Clinton inherited a deficit and 8 years later left with a surplus. Bush inherited a surplus and 8 years later leaves with a record deficit. I'd have to say the democrats have stayed true to their word. GOPer's like to trot out the "tax and spend" line on democrats. Republicans have two that they use...one on how to run the country "borrow and spend" and one on how we should improve the economy..."just spend". We've learned well...look how many Americans turned their homes into ATM's during Bush's reign.

I never saw this fabled surplus...heard lots of blah blah....but never saw anything....

BTW....takes quite a few Dem's to help sign those checks that pay for those record deficits....

 

[NewHampshire Black Bears]

I never saw this fabled surplus...heard lots of blah blah....but never saw anything....

BTW....takes quite a few Dem's to help sign those checks that pay for those record deficits....

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

DELL,

Forgive me, for "shifting gears" on you, but I needed your take on this "Bailout" of "Fanny/Freddie"..that clearly occured on EL-CHIMPO's watch.

Depending on which REPUG one would talk to, I don't get an accurate picture of what was the "Fiscally Conservative" thing to due, on the matter.
I mentioned Fiscally Conservative, because I'm assuming that.....THAT is still one of the REPUGS. ....."HOLY GRAIL/Planks in their Platform.

The Senate vote showed...ALL of the Dems signed on.(NO surprise there), but Surprisingly.............."27" REPUGS, signed on AS WELL.(Vote count....83/13 Yay.)

So "who" is a Young prospective REPUG. to believe/follow ?

(a few examples)

Should they follow/believe a hard core RED NECK like say...De Mint..R/SC..."Nay", or Next door neighbors...like "Saxby" Chambliss/Johnny Issacson.....R's/GA...."YAY".

Even.... :blink: .STUPID. :blink:.......had a late "change of Heart", going from.."Nay"...to.."Yay"


I'm Still researching the LOG CABIN REPUBLICAN Vote, but haven't compiled all of their IMPUT/(votes), yet.

I'm bewildered by the REPUG...thought process !

 

[tech2101]

I never saw this fabled surplus...heard lots of blah blah....but never saw anything....

View attachment 7776

Should we worry about the possibility of a return to budget deficits?...The 2001 Budget forecasts surplus for decades to come, if we maintain the policy of fiscal discipline and strategic investments in the American people.

...unless you elect George W. Bush

Source

 

[NewHampshire Black Bears]

I never saw this fabled surplus...heard lots of blah blah....but never saw anything....

BTW....takes quite a few Dem's to help sign those checks that pay for those record deficits....

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

DELLdude,

I asked you a question...a few posts back, about the "FANNY/FREDDY" situation,............and because you are very good/FAST w/replys, I'm guessin' that you overlooked(being Serious now) the question I posed to you.

Thanx buddy(in advance) !

 

[delldude]

Well.....me...I think many bought without thinking.Balloon payments 4-5 years down the road...worry about it later....pretend it doesn't exist all the while maxing out your credit/income on all the latest appliances and furniture..You know...living paycheck to paycheck.Then the other shoe finally drops and bingo-you're in over your head bigtime.

So Uncle Sam gets stuck holding the bag or let a bunch of banks go belly up and further trash the economy,maybe even globally screw it up.

A lot scammed the system floating mort's on other mort's...That borders on criminal action to me.

Quick easy credit and you have no fiscal responsibility...I say you go down.Clinton/Bush both pushed HUD to put people in homes they could never afford....thats idiotic at best.

Unscrupulous lenders looking the other way on applications.....Then one fine day all the stars line up and it all hits the fan.You couldn't have written a better script.

Like I always say....Our fate is in the hands of well intended ****heads.


Tech2101....you proved my point about the surplus....it ends in an imaginary line

 

[jimntx]

Be sure your sound is turned on.

Bush Tours America to View Damage Caused by His Disastrous Presidency

 

[NewHampshire Black Bears]

Be sure your sound is turned on.

Bush Tours America to View Damage Caused by His Disastrous Presidency

......................................................................
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JESUS H CHRIST................jimntx,

"THAT" was the BEST....FUNNIEST thing I've EVER seen, with regards to this :blink: :blink: MORONIC NINCOMPOOP :blink: :blink: !

You'll have to go a Zillion miles to out-due yourself for a BETTER one

 

[KCFlyer]

A lot scammed the system floating mort's on other mort's...That borders on criminal action to me.

Quick easy credit and you have no fiscal responsibility...I say you go down.Clinton/Bush both pushed HUD to put people in homes they could never afford....thats idiotic at best.

Unscrupulous lenders looking the other way on applications.....Then one fine day all the stars line up and it all hits the fan.You couldn't have written a better script.

Like I always say....Our fate is in the hands of well intended ****heads.


Tech2101....you proved my point about the surplus....it ends in an imaginary line

Yet McSame's "economic guru, Phil Gramm, was the architect of "mortage investments".

 

[delldude]

Yet McSame's "economic guru, Phil Gramm, was the architect of "mortage investments".

You are correct,but that was before he defected to the GOP......

 

[tech2101]

You are correct,but that was before he defected to the GOP......

Really?

GRAMM, William Philip (Phil), a Representative and a Senator from Texas; born in Fort Benning, Muscogee County, Ga., July 8, 1942; attended the Muscogee County public schools; graduated, Georgia Military Academy, Atlanta 1961; graduated, University of Georgia, Athens 1964; received a doctorate, University of Georgia 1967; professor of economics, Texas A&M University 1967-1978; author; elected in 1978 as a Democrat to the Ninety-sixth Congress; reelected as a Democrat to the two succeeding Congresses; resigned January 5, 1983, to run for election to the Ninety-eighth Congress as a Republican; reelected as a Republican, by special election, on February 12, 1983, and served January 3, 1979, to January 5, 1983, and February 12, 1983, to January 3, 1985; elected as a Republican to the United States Senate in 1984; reelected in 1990 and again in 1996 and served from January 3, 1985, to November 30, 2002, when he resigned; not a candidate for reelection in 2002; chairman, National Republican Senatorial Committee (One Hundred Second and One Hundred Third Congresses), Committee on Banking, Housing, and Urban Affairs (One Hundred Sixth Congress and One Hundred Seventh Congress [January 3, 2001; January 20, 2001-June 6, 2001]).

(http://bioguide.congress.gov/scripts/biodisplay.pl?index=g000365)

In 1999, former Senator Phil Gramm (who is, incidentally, Senator John McCain's economic adviser and cochairs his presidential campaign) set out to completely gut the Glass-Steagall Act, and did so successfully, replacing most of its components with the new Gramm-Leach-Bliley Act: allowing commercial banks, investment banks, and insurers to merge (which would have violated antitrust laws under Glass-Steagall). Sen. Gramm was the driving force behind the Gramm-Leach-Bliley Act, as he had received over $4.6 million from the FIRE sector (Finance, Insurance and Real Estate donations) over the previous decade, and once the Act passed, an influx of "megamergers" took place among banks and insurance and securities companies, as if they had been eagerly awaiting the passage of Gramm's Act. Everything in between Glass-Steagall and Gramm-Leach-Bliley (i.e. Savings and Loan crisis/bust) was, in large part, the incubation period for what would take place over the nine years that would follow the passage of Gramm's Act: an experiment in deregulation.

I am guessing you can put the dates together...