the GOP sure are the masters of propaganda. they have the spin going about how BHO's spending will crash the economy (they forgot about how their deregulation already crashed it). this is a nice summary of where the deficit comes from budget buster #1 is the bush tax cuts. i always hear how medicare and SS are "unsustainable". what is unsustainable is trying to operate a developed society with taxes on the elites at historic lows. but it fits the GOP agenda, which is to enrich the superrich and the corporations at the expense of the middle class.
Guess the GOP "forgot"who was the last President to balance several budgets. Just like they're voting against healthcare to "help"the country. Yeah, as in helping all of those folks who lose their homes because of healthcare, and the millions denied healthcare because of pre-existring conditions. But the Healthcare execs still have their yachts. When Brown was elected in Mass, Healthcare stocks soared. Nauseating.
Not a peep from the right when George Bush took a balanced budget and ran it up to a $10 trillion deficit. Now they're all outraged.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
Not a peep from the right when George Bush took a balanced budget and ran it up to a $10 trillion deficit. Now they're all outraged.
That is the most uneducated statement I've seen in a while. So he took a balanced budget and ran the "balanced budget" up to a 10 trillion deficit? Do you know the difference between a budget deficit and the national debt?
That is the most uneducated statement I've seen in a while. So he took a balanced budget and ran the "balanced budget" up to a 10 trillion deficit? Do you know the difference between a budget deficit and the national debt?
He had to have budget deficits to run up the national debt numbnuts.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
He had to have budget deficits to run up the national debt numbnuts.
Oh, cuz it sounded like you said that he ran the balanced budget up to a 10 trillion deficit. The debt was already around 5 trillion when bush took office.
"Bush took a balanced budget and ran it up to a $10 trillion deficit"
Oh, cuz it sounded like you said that he ran the balanced budget up to a 10 trillion deficit. The debt was already around 5 trillion when bush took office.
"Bush took a balanced budget and ran it up to a $10 trillion deficit"
I should have used the word "debt". Feel better now?
And it doesn't mean jack shit what the debt was when he took office. He ran twice on a platform of reduced spending. Conservatives and Republicans are fucking hypocrites of the first order when it comes to the spending of the Obama administration, which all your blubbering about my error in terms won't change.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
it's such a joke that these guys who were actually saying, verbatim, deficits don't matter, during the bush yrs have been born again as fiscal conservatives. i mean, they threatened to fire the medicare chief actuary if he disclosed the true cost of the drug plan to congress, they put the wars off-budget with no plan to pay for them, they cut taxes on the rich and kept spending, they did the TARP and the bailouts, and now they puff up in indignation even as BHO tries to pay for his agenda. truly sickening, disgusting hypocrites, the GOP.
But I suppose the public is inured to all the hypocrisy that goes on. They just don't pay attention any more, mac.
And I do want to reiterate my point that Clinton balanced 5 budgets, to the tune of a surplus, but everyone conveniently "forgot".
Seems the only bad thing Clinton ever did was cheat on his wife, which became a 2 year obsession in the country at that time. And of course, no one in congress would ever cheat on their wife...
But I suppose the public is inured to all the hypocrisy that goes on. They just don't pay attention any more, mac.
And I do want to reiterate my point that Clinton balanced 5 budgets, to the tune of a surplus, but everyone conveniently "forgot".
Seems the only bad thing Clinton ever did was cheat on his wife, which became a 2 year obsession in the country at that time. And of course, no one in congress would ever cheat on their wife...
yep, clinton balanced the budget, W crashed the economy, BHO's deficit is W's deficit as the graphic shows, and the G0P continues to parade around in the regalia of fiscal responsibility. the reality distortion field gets stronger every day.
The democrats are depending on the morons that put them in power to continue to wear the blinders.
“ In times of universal deceit, telling the truth will be a revolutionary act”. George Orwell "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." Aggieland “The [actions of the] left will always tell you who they fear the most”. Rush Limbaugh
The democrats are depending on the morons that put them in power to continue to wear the blinders.
As are those on the other side of the aisle. They're all politicans. And the vast majority of Americans are a combination of idiots and entitled children who will believe anybody who tells them they can have everything they want. Right now, the primary difference between Republicans and Democrats is the former don't seem to mind that 12 of their countrymen die every day, who don't have to, because they don't have health coverage.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
As are those on the other side of the aisle. They're all politicans. And the vast majority of Americans are a combination of idiots and entitled children who will believe anybody who tells them they can have everything they want. Right now, the primary difference between Republicans and Democrats is the former don't seem to mind that 12 of their countrymen die every day, who don't have to, because they don't have health coverage.
Its not that the Former don't care if 12 of their countrymen die every day due to no heatlh coverage, its because they don't see the need to trash the 75% of their fellow countrymen's health care coverage in favor of the 15% who don't have any as the Latter does. The Former would perfer that a system address those 15% that don't have any heathcare and leave the other functioning heathcare as untouched as possible. The Latter decided that its an all or nothing proposition, and that's arrogant, ignorant and completely patronizing to those of us Americans that are not morons.
“ In times of universal deceit, telling the truth will be a revolutionary act”. George Orwell "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." Aggieland “The [actions of the] left will always tell you who they fear the most”. Rush Limbaugh
As are those on the other side of the aisle. They're all politicans. And the vast majority of Americans are a combination of idiots and entitled children who will believe anybody who tells them they can have everything they want. Right now, the primary difference between Republicans and Democrats is the former don't seem to mind that 12 of their countrymen die every day, who don't have to, because they don't have health coverage.
The republicans and their shills are also depending on the American morons to misremember the previous 8 years of almost complete republican control of the government and their willful incompetence.
I have a Constitution here and in the Book of Deuteronomy it says he should be impeached, and banned from Chipotle.
The republicans and their shills are also depending on the American morons to misremember the previous 8 years of almost complete republican control of the government and their willful incompetence.
Democrats took control of the purse strings in 2006 and proceeded to hand GWBush everything he wanted and then some. Talk about willful incompetence! And the whole time they passed spending bill after spending bill after debt limit raise after debt limit raies, you said what? Yeah, not a god damned thing about spending.
“ In times of universal deceit, telling the truth will be a revolutionary act”. George Orwell "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." Aggieland “The [actions of the] left will always tell you who they fear the most”. Rush Limbaugh
GWB got everything he wanted for eight fucking years and everyone knows it. And now the CEOs are getting everything they want and the American people are getting fucked. This country is so fucking corrupt that it owes Sodom and Gomorrah an apology, BIG TIME!!!
Democrats took control of the purse strings in 2006 and proceeded to hand GWBush everything he wanted and then some. Talk about willful incompetence! And the whole time they passed spending bill after spending bill after debt limit raise after debt limit raies, you said what? Yeah, not a god damned thing about spending.
What a stupid post. 6 years of neglect and mismanagement, particularly in the financial sector, when Bush's party had control of everything...but the problem rests in the period since 2006.
Limbaughesque blubbering, once again.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
GWB got everything he wanted for eight fucking years and everyone knows it. And now the CEOs are getting everything they want and the American people are getting fucked. This country is so fucking corrupt that it owes Sodom and Gomorrah an apology, BIG TIME!!!
At least the people in Sodom were getting a little buttsex for their troubles.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
All good things that happen are Republican. All bad things that happen are Democrat. The mantra of 44.
Maybe not Menton. I well remember 44 when Clinton was the President. He didn't like him, but it was never close to this vitriolic, even with the blowjobs and everything. I'm left with the only thing that remains...he doesn't like a black man having this position of authority. Its the deal with the teabaggers, the only difference between them and 44 is the teabaggers have the motivation and initiative to actually get up off their fat asses and go out into the streets like we did in 1968. And its the deal with any Republicans who pander to the teabaggers. Black man in charge? No thanks.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
Maybe not Menton. I well remember 44 when Clinton was the President. He didn't like him, but it was never close to this vitriolic, even with the blowjobs and everything. I'm left with the only thing that remains...he doesn't like a black man having this position of authority. Its the deal with the teabaggers, the only difference between them and 44 is the teabaggers have the motivation and initiative to actually get up off their fat asses and go out into the streets like we did in 1968. And its the deal with any Republicans who pander to the teabaggers. Black man in charge? No thanks.
I think you're probably on to something here, Howard. And not only for 44 but for a good segment of the American public.
The American people are getting a lot of buttsex too...it's just that it's not much fun for humans when it's coming from Francis or Babar.
You made me laugh out loud. Just stop it.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
it would be easy to balance the budget and restore the middle class: 1. stop the wars 2. restore our traditional progressive taxation 3. national health care - covers everyone in the rest of the developed world for as little as 1/2 out costs
iow, if we stop subsidizing the mil-indu complex (DDE!), the elites, and the insurance cos, there might be something left for the rest of us.
it would be easy to balance the budget and restore the middle class: 1. stop the wars 2. restore our traditional progressive taxation 3. national health care - covers everyone in the rest of the developed world for as little as 1/2 out costs
iow, if we stop subsidizing the mil-indu complex (DDE!), the elites, and the insurance cos, there might be something left for the rest of us.
Problem is, mac, that the prognosis for any of those 3 scenarios happening is pretty grim.
What a stupid post. 6 years of neglect and mismanagement, particularly in the financial sector, when Bush's party had control of everything...but the problem rests in the period since 2006.
Limbaughesque blubbering, once again.
let's see, when gingrich and gramm were destroying every safeguard put in place after the Great Depression, that must have been clinton's fault, as he was president. then when W was president, the G0P still had the congress till 2006, so nothing bad happened. then the dems got the congress, so they're at fault for the meltdown 2006-2008, tho bush was president. i think i detect a pattern
i've even heard that barney frank was responsible for the bush crash, even tho as a minority congressman till 2006 he had about as much power as i do.
let's see, when gingrich and gramm were destroying every safeguard put in place after the Great Depression, that must have been clinton's fault, as he was president. then when W was president, the G0P still had the congress till 2006, so nothing bad happened. then the dems got the congress, so they're at fault for the meltdown 2006-2008, tho bush was president. i think i detect a pattern
i've even heard that barney frank was responsible for the bush crash, even tho as a minority congressman till 2006 he had about as much power as i do.
Yeh...Barney Frank, the Community Redevelopment Act, and Fannie and Freddie. Talk to any non-partisan economist or banking specialist and they'll tell you...if the investment banks had been forced by the government to have the capital to cover their derivative investment bundles instead of being allowed to leverage them at 30 and 40:1, this financial crisis, credit meltdown, and even the recession wouldn't have happened. Even with the real estate bubble bursting, even with the levels of defaults we have now, which is barely at 9%...yes Mildred 91+% of mortgages are still solvent, the economy would still be chugging along, no banks would have gone bust, companies that are in trouble and had to lay off workers because their lines of credit dried up would still be at full force, and the DOW would still be over 13,000. And the default rate would have never gone over 5% without the recession. All because the Republican philosophy is not to mess with the private sector, even when its being run by maniacs like Dick Fuld. Idiots like Limbaugh, Hannity, Coulter and Michelle Bachmann (she of the staffers scurrying from her organization like rats from a sinking ship) continue to try to blame it all on the Community Redevelopment Act.
And since debates on deficits are directly connected to debates on health care reform...Bush's party had 6 years when they had control over the entire government, and what did they do about the health care situation in this country. Not a goddam thing. But as soon as the other party is in charge, when its gonna look like if something happens its gonna be because of the action of the other party, all of a sudden they have all their "plans". Which have never been "plans" at all, don't even resemble "plans". The principle plan, of course is to throw any wrench they can find into the works of anybody else's plans, while 12 of their fellow citizens die every day for lack of health care coverage.
The Republicans between 2000-2006 did jack shit about healthcare, jack shit about financial sector oversight, they sabotaged the legal system of due process for American citizens, sabotaged individual privacy, sabotaged Constitutional separation of powers, and drove the debt to $10 trillion, which apparently wasn't a problem for them at the time. Now, with somebody else at the helm, the debt is suddenly a big deal.
This isn't about issues, it's about a delusional worldview formed by people who listen to a bunch of hucksters who have successfully looted the country while persuading about half the people that the government was doing the looting and giving it in the form of "handouts" to people who didn't deserve it. - digby
Democrats took control of the purse strings in 2006 and proceeded to hand GWBush everything he wanted and then some. Talk about willful incompetence! And the whole time they passed spending bill after spending bill after debt limit raise after debt limit raies, you said what? Yeah, not a god damned thing about spending.
You are wrong, again. I've said quite a bit about spending, like we should be spending more money on infrastructure, and the fact that the financial returns on such spending are greater than any of the crap your team likes to fall back on. You, on the other hand, are on record ignorantly saying that spending money on new fire departments and employing people at new scientific facilities is "pork".
conservatives expect the rest of the non-20%ers to forget how they're responsible for the financial state of the country and think we'll put them back into complete control of the government again, since it went so well the last time. I have no problem stacking my support for spending money on ourselves over your support for wasting money on illegal invasions of other countries and backing known terrorist organizations because your scared of brown people.
I have a Constitution here and in the Book of Deuteronomy it says he should be impeached, and banned from Chipotle.
Yeh...Barney Frank, the Community Redevelopment Act, and Fannie and Freddie. Talk to any non-partisan economist or banking specialist and they'll tell you...if the investment banks had been forced by the government to have the capital to cover their derivative investment bundles instead of being allowed to leverage them at 30 and 40:1, this financial crisis, credit meltdown, and even the recession wouldn't have happened. Even with the real estate bubble bursting, even with the levels of defaults we have now, which is barely at 9%...yes Mildred 91+% of mortgages are still solvent, the economy would still be chugging along, no banks would have gone bust, companies that are in trouble and had to lay off workers because their lines of credit dried up would still be at full force, and the DOW would still be over 13,000. And the default rate would have never gone over 5% without the recession. All because the Republican philosophy is not to mess with the private sector, even when its being run by maniacs like Dick Fuld. Idiots like Limbaugh, Hannity, Coulter and Michelle Bachmann (she of the staffers scurrying from her organization like rats from a sinking ship) continue to try to blame it all on the Community Redevelopment Act.
And since debates on deficits are directly connected to debates on health care reform...Bush's party had 6 years when they had control over the entire government, and what did they do about the health care situation in this country. Not a goddam thing. But as soon as the other party is in charge, when its gonna look like if something happens its gonna be because of the action of the other party, all of a sudden they have all their "plans". Which have never been "plans" at all, don't even resemble "plans". The principle plan, of course is to throw any wrench they can find into the works of anybody else's plans, while 12 of their fellow citizens die every day for lack of health care coverage.
The Republicans between 2000-2006 did jack shit about healthcare, jack shit about financial sector oversight, they sabotaged the legal system of due process for American citizens, sabotaged individual privacy, sabotaged Constitutional separation of powers, and drove the debt to $10 trillion, which apparently wasn't a problem for them at the time. Now, with somebody else at the helm, the debt is suddenly a big deal.
Oh, they did jack s**t, all right. they KEPT DEREGULATING the financial sector. it was the bush SEC, by simple administrative order with no need to involve congress, that raised the leverage limit to 40:1 for the [sarcasm] very smartest investment banks that really knew what they were doing [/sarcasm]. the result was that merrill lynch could lose 40x their assets, and just about did. there never has been a really big financial crash without crazy leverage, but i guess the right didn't want no nanny gub'mint trying to protect the USA from Great Depression II.
bottom line, big picture, is that we tried reagan voodoo economics for 28 years and we're sitting in the result. i'm a scientist, when you do the experiment and you have the result, that's the final world, the time for speculation is over.