Trump spent $102 million playing golf, on the taxpayer's dime
- Thread starter blake9999
- Start date
UncleBuck
Well-Known Member
Bush was responsible for that, every penny of it. Obama only ever lowered the deficit.
What has trump done to the deficit little girl?
hotrodharley
Well-Known Member
Is she even old enough to remember Bush and Paulson racing to Congress in the night informing them that they had until 0900 THE NEXT MORNING to pass the first stimulus? When they reinforced it by saying if Congress didn’t then everything - literally everything - would come apart? If so her head was already up her ass. Judging of course by what she posts and who she defends.
hotrodharley
Well-Known Member
The fucking Bush administration was trying desperately to put anything off so that Obama would inherit a bigger shit show than he did. Dumbasses hating on him while checking on their recovering 401(k). This happened in October eh? Less than a month before the general election. Squarehead probably isn’t aware and doesn’t care because it doesn’t push her dumbass agenda.
hotrodharley
Well-Known Member
“TARP
The bill established the Troubled Assets Relief Program. Paulson's initial version was designed around a reverse auction. Troubled banks would submit a bid price to sell their assets to TARP. Each auction was to be for a particular asset class. TARP administrators would select the lowest price for each asset class. That was to help assure that the government didn't pay too much for distressed assets.
But this didn't happen because it took too long to develop the auction program. On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program. It purchased preferred stock in the eight leading banks.
By the time TARP expired on October 3, 2010, Treasury had used the funds in four other areas.
Bottom line is none of this was Obama. But by damn he did a fine job. Look at what Bonespurs inherited. And claims as his own.
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675
The bill established the Troubled Assets Relief Program. Paulson's initial version was designed around a reverse auction. Troubled banks would submit a bid price to sell their assets to TARP. Each auction was to be for a particular asset class. TARP administrators would select the lowest price for each asset class. That was to help assure that the government didn't pay too much for distressed assets.
But this didn't happen because it took too long to develop the auction program. On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program. It purchased preferred stock in the eight leading banks.
By the time TARP expired on October 3, 2010, Treasury had used the funds in four other areas.
- It contributed $67.8 billion to the $182 billion bailout of insurance giant American International Group.
- It used $80.7 billion to bail out the Big Three auto companies.
- It loaned $20 billion to the Federal Reserve for the Term Asset-Backed Securities Loan Facility. The Fed lent TALF money to its member banks so they could continue offering credit to homeowners and businesses.
- It set aside $75 billion to help homeowners refinance or restructure their mortgages with the Homeowner Affordability and Stability Plan.”
Bottom line is none of this was Obama. But by damn he did a fine job. Look at what Bonespurs inherited. And claims as his own.
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675
topcat
Well-Known Member
Be sure to put down an ass gasket.
squarepush3r
Well-Known Member
no, Clinton was before him and responsible.
hotrodharley
Well-Known Member
Wrong as usual.
“Here’s the way we initially looked at it. We turned to a historical table published annually by the Office of Management and Budget. The table reports that during fiscal year 2001 -- which included much of Bush’s first year in office, and which was based on a budget assembled during the term of his Democratic predecessor, Bill Clinton -- there was a surplus of $128 billion. So Hoyer was right that there was a surplus, but it was only 2 percent of the amount Hoyer indicated it was.
Meanwhile, according to the Treasury Department, the level of debt when Bush left office on Jan. 20, 2009, was either $6.307 trillion (the amount of debt held by the public) or $10.627 trillion (the amount of publicly held debt plus debt held by the government, including the Social Security and Medicare trust funds). With the latter measure, Hoyer’s in the ballpark.”
https://www.politifact.com/truth-o-meter/statements/2011/jun/02/steny-hoyer/steny-hoyer-says-george-w-bush-inherited-56-trilli/
squarepush3r
Well-Known Member
Clintons budget surplus was from H.W. Bush
you are stupid
hotrodharley
Well-Known Member
Let’s also remember NAFTA was the love child of Canadian PM Mulroney, President George HW Bush and the President of Mexico at the time. The same trade deal neocons shoved up our butts is now costing us because another REPUBLICAN is “handling it”. With the overwhelming silent consent of virtually every Republican in office. Not handled diplomatically but by threats both outright and implied. What sterling leadership.
hotrodharley
Well-Known Member
“
The Top Five Contributors by Percent
Franklin D. Roosevelt: Percentage-wise, President Roosevelt increased the debt by the largest amount. Although he only added $236 billion, this was a 1,048 percent increase from the $23 billion debt level left by President Herbert Hoover.
Of course, the Great Depression took an enormous bite out of revenues. The New Deal cost billions. But FDR's major contribution to the debt was World War II spending. He added $209 billion to the debt between 1942 and 1945.
Woodrow Wilson: President Wilson was the second-largest contributor to the debt, percentage-wise. He added $21 billion, which was a 727 percent increase over the $2.9 billion debt of his predecessor. Wilson had to pay for World War I. During his presidency, the Second Liberty Bond Act gave Congress the right to adopt the national debt ceiling.
Ronald Reagan: President Reagan increased the debt by 186 percent. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35 percent.
George W. Bush: President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.
Bush launched the War on Terror in response to the 9/11 attacks. The War on Terror included two wars. The War in Afghanistan cost $1.1 trillion and the Iraq War cost $1 trillion. They increased military spending to record levels of $600 billion to $800 billion a year.
President Bush also responded to the 2001 recession by passing the Economic Growth and Tax Relief Reconciliation Act and the Jobs and Growth Tax Relief Reconciliation Act. He approved a $700 billion bailout package for banks to combat the 2008 global financial crisis. Both Presidents Bush and Obama had to contend with higher mandatory spending for Social Security and Medicare.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billionby cutting taxes, extending unemployment benefits, and funding public works projects.
The Obama tax cuts added $858 billion to the debt in two years. Obama's budget increased defense spending to between $700 billion and $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act. It was designed to reduce the debt by $143 billion over 10 years. But these savings didn't show up until the later years. “
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
Read it all, Squarehead. Not just the headline which is ALL you know. You don’t know shit from apple butter otherwise, punk.
The Top Five Contributors by Percent
Franklin D. Roosevelt: Percentage-wise, President Roosevelt increased the debt by the largest amount. Although he only added $236 billion, this was a 1,048 percent increase from the $23 billion debt level left by President Herbert Hoover.
Of course, the Great Depression took an enormous bite out of revenues. The New Deal cost billions. But FDR's major contribution to the debt was World War II spending. He added $209 billion to the debt between 1942 and 1945.
Woodrow Wilson: President Wilson was the second-largest contributor to the debt, percentage-wise. He added $21 billion, which was a 727 percent increase over the $2.9 billion debt of his predecessor. Wilson had to pay for World War I. During his presidency, the Second Liberty Bond Act gave Congress the right to adopt the national debt ceiling.
Ronald Reagan: President Reagan increased the debt by 186 percent. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35 percent.
George W. Bush: President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.
Bush launched the War on Terror in response to the 9/11 attacks. The War on Terror included two wars. The War in Afghanistan cost $1.1 trillion and the Iraq War cost $1 trillion. They increased military spending to record levels of $600 billion to $800 billion a year.
President Bush also responded to the 2001 recession by passing the Economic Growth and Tax Relief Reconciliation Act and the Jobs and Growth Tax Relief Reconciliation Act. He approved a $700 billion bailout package for banks to combat the 2008 global financial crisis. Both Presidents Bush and Obama had to contend with higher mandatory spending for Social Security and Medicare.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billionby cutting taxes, extending unemployment benefits, and funding public works projects.
The Obama tax cuts added $858 billion to the debt in two years. Obama's budget increased defense spending to between $700 billion and $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act. It was designed to reduce the debt by $143 billion over 10 years. But these savings didn't show up until the later years. “
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
Read it all, Squarehead. Not just the headline which is ALL you know. You don’t know shit from apple butter otherwise, punk.
hotrodharley
Well-Known Member
“When President George H.W. Bush was denied a second term by voters in 1992, his opponent (and future friend and surrogate son) Bill Clinton campaigned on the theme “It’s the economy, stupid.”
Bush had the misfortune to face a short but painful recession later in his term. Unemployment peaked at 7.8 percent in June 1992. That was mild compared with the 10.8 percent joblessness in 1982 during the “Reagan recession,” but it was enough to wound a president who lacked his main opponent’s “I feel your pain” public empathy.
The savings and loan scandal also damaged Bush. With the failure of 1,000 thrifts beginning in 1989, it was the most significant financial collapse since the Great Depression.”
I don’t think Squarehead could have been out of diapers when all this happened. But Fox and Rush have brought her up to date with the REAL information that the Deep State didn’t want you to know!
https://www.seattletimes.com/business/economy/its-the-economy-stupid-and-the-bad-luck-of-george-h-w-bush/
Bush had the misfortune to face a short but painful recession later in his term. Unemployment peaked at 7.8 percent in June 1992. That was mild compared with the 10.8 percent joblessness in 1982 during the “Reagan recession,” but it was enough to wound a president who lacked his main opponent’s “I feel your pain” public empathy.
The savings and loan scandal also damaged Bush. With the failure of 1,000 thrifts beginning in 1989, it was the most significant financial collapse since the Great Depression.”
I don’t think Squarehead could have been out of diapers when all this happened. But Fox and Rush have brought her up to date with the REAL information that the Deep State didn’t want you to know!
https://www.seattletimes.com/business/economy/its-the-economy-stupid-and-the-bad-luck-of-george-h-w-bush/
UncleBuck
Well-Known Member
no. clinton left bush with a surplus. bush left obama with the most staggering deficit of all time.
obama lowered the deficit by over a trillion dollars
what has your hero trump done to the deficit, little girl?
UncleBuck
Well-Known Member
are you sad that your hero conald is such a failure, little girl?
ttystikk
Well-Known Member
Hey, guess where he is right now? On a golf course in Japan.
At least he's making himself useful for a change, by working as Lockheed Martin's sales flunky, as Abe inked a deal to buy 105 F-35 fighter planes.
Is it still regulatory capture if an industry has taken over the whole government?
londonfog
Well-Known Member
you are stupid.
"Read my lips: no new taxes."- H.W. Bush
Recession arose and guess who had to raise new taxes. The deficit grew and Bush felt he had to to raise taxes ( fucking lair he is )
When he left office in January 1993, the national debt as a percentage of GDP was higher than when Reagan left office.
Clinton left office with a budget surplus of 2.4 percent of GDP
Baby Bush was just a complete idiot, but people like you would love to have a beer with him. Can you say 2008 market crash.
I deal in facts you deal in bullshit. Please do not think for one moment people trust anything you say.
londonfog
Well-Known Member
sounds like Lockheed Martin stock is and always will be a sound buy
ttystikk
Well-Known Member
Yeah, gotta make a point to line up for the murder play. That's why you also have to buy massive holdings of Purdue pharma and Altria.
You say you're against war but then talk up war profiteers. Do you have an honest bone in your body?