Republicans rushed to distance themselves from Rep. Todd Akin after rape comments.

[LAM]

although i differ, for the sake of argument, 4 Trillion, 5 Trillion does it really make a difference? it's still unacceptable to me and most rational Americans.

the fact is Obama added more to the national debt in less than 4 years than bush did in 8 years. that's horrible.

it was the regulations that made banks loan to people who couldn't afford their loan. Dodd frank told banks to make those loans. look it up. banks didn't want to make loans without at least 20% down. govt forced them to do it through regulations. so intern the banks sold the mortgages because they knew they'd all default.

GWB increased the deficit from 5T to 12T with his supply side tax cuts that created ZERO net jobs but they did help to make the fake housing market boom worst than it had to be from speculators from the upper tax brackets.

only 1T of the 6T increase under Obama is from actual spending via legislation. and if you don't understand the difference from reduced tax receipts as another negative effect of the recession vs actual spending then you are pretty much a rock and shouldn't really try to understand anything when it comes to econ.

I don't remember anybody from the right being so bent out of shape when Bush blew up the deficit from his legislation that was passed via reconciliation just like Obamacare was.

 

[Swiper]

GWB increased the deficit from 5T to 12T with his supply side tax cuts that created ZERO net jobs but they did help to make the fake housing market boom worst than it had to be from speculators from the upper tax brackets.

only 1T of the 6T increase under Obama is from actual spending via legislation. and if you don't understand the difference from reduced tax receipts as another negative effect of the recession vs actual spending then you are pretty much a rock and shouldn't really try to understand anything when it comes to econ.

I don't remember anybody from the right being so bent out of shape when Bush blew up the deficit from his legislation that was passed via reconciliation just like Obamacare was.

i understand about not having more revenue coming in. In that case govt should have massively cut spending, but i know you disagree because you're the keynesian type. no point of debating you on that, you'll never change your mind.

I agree Bush was huge spender as well. I can't even think of a spending bill that he vetoed. pretty sure he signed every single one of them.

 

[secdrl]

GWB increased the deficit from 5T to 12T with his supply side tax cuts that created ZERO net jobs but they did help to make the fake housing market boom worst than it had to be from speculators from the upper tax brackets.

only 1T of the 6T increase under Obama is from actual spending via legislation. and if you don't understand the difference from reduced tax receipts as another negative effect of the recession vs actual spending then you are pretty much a rock and shouldn't really try to understand anything when it comes to econ.

I don't remember anybody from the right being so bent out of shape when Bush blew up the deficit from his legislation that was passed via reconciliation just like Obamacare was.

Non-factual. Obama has already created more debt in 4 years than George Bush has in 8.

See, if you actually believe your original statement, there's no limit to the bullshit you'll believe from the MSM.

 

[cshea2]

i understand about not having more revenue coming in. In that case govt should have massively cut spending, but i know you disagree because you're the keynesian type. no point of debating you on that, you'll never change your mind.

I agree Bush was huge spender as well. I can't even think of a spending bill that he vetoed. pretty sure he signed every single one of them.

Everybody was a Keynesian in 08...

 

[Dale Mabry]

although i differ, for the sake of argument, 4 Trillion, 5 Trillion does it really make a difference? it's still unacceptable to me and most rational Americans.

the fact is Obama added more to the national debt in less than 4 years than bush did in 8 years. that's horrible.

it was the regulations that made banks loan to people who couldn't afford their loan. Dodd frank told banks to make those loans. look it up. banks didn't want to make loans without at least 20% down. govt forced them to do it through regulations. so intern the banks sold the mortgages because they knew they'd all default.

That's bullshit. Banks made loans with next to nothing down nearly a full decade before Obama took office because they knew the government would cover them when they failed. Then, they come in and get the property back after getting 5+ years of payments from someone who can no longer afford the ballooned payment. They would be stupid not to take that bet. They essentially get rent and then repossess the house if the person can't afford it.

 

[Dale Mabry]

i understand about not having more revenue coming in. In that case govt should have massively cut spending, but i know you disagree because you're the keynesian type. no point of debating you on that, you'll never change your mind.

I agree Bush was huge spender as well. I can't even think of a spending bill that he vetoed. pretty sure he signed every single one of them.

There's no way you could cut spending to counteract that loss in revenue. Not when you're fighting unfunded wars and giving tax cuts to everyone. I think we can all agree that most of our spending goes to defense and medicare/social security. Even if you cut everything else down to 0 you would be running a deficit. That's something the GOP can't seem to understand, we spend $1.4 trillion on defense and take in $2.3 trillion in taxes. That leaves $.9 trillion to run an entire country and fund health benefits to old fuckers who didn't take care of themselves and fully fund medical benefits to representatives as well as subsidize several industries, pay for education, etc. It's not possible. You can't even stop the bleeding that way, let alone pay off the debt. And these dumb assholes want to cut the amount they take in. I've said it before, I would love to live in the fantasy land these assholes live in where they cut taxes and companies hire people. That doesn't happen, if it did we wouldn't be where we are now because tax rates are at an all-time low.

 

[LAM]

Non-factual. Obama has already created more debt in 4 years than George Bush has in 8.

See, if you actually believe your original statement, there's no limit to the bullshit you'll believe from the MSM.

I don't watch or read the MSM that's where you guys get all your information from...I actually look at the raw data myself as I have nothing but free time on my hands.

do you know what type of recession recovery tools monetarism uses? none......well at least none for the people and QE for the banks and large firms which equates to more top-down grants. which historical economic data plainly shows makes the problem worst not better because that money never "trickles" down it gets horded by the top and the bottom gets to enjoy the inflation from it.

 

[Kagigi]

Lenders can't afford to carry Real Estate on the books, they want it off asap. They make money buy loaning it to others for a percentage. In turn the borrower pays it back or leverages it, TAKING A RISK, attempting to BUILD a future.

 

[LAM]

Lenders can't afford to carry Real Estate on the books, they want it off asap. They make money buy loaning it to others for a percentage. In turn the borrower pays it back or leverages it, TAKING A RISK, attempting to BUILD a future.

and those lenders make their money 100x over from using the combination of fractional reserve banking and rehypothecation which is unlimited in the UK. US banks transfer monies to subsidiary there just for that purpose because of the lack of Reg T.