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Thread: Senate deal averts shutdown

  1. #31
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    Re: Senate deal averts shutdown

    Quote Originally Posted by atrasicarius View Post
    Did you read what he just said? Even if you ignore the money taken from SS, there was still a surplus.
    Fact check does indeed say that tax increases(lol I like how they want to put out it was only on the rich) were part of it. It was however a small part of it. They even said it was only one billion. Any sort of bill that popped out could of easily killed it.

  2. #32
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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    Deregulation didn't cause the housing bubble. If anything there was more regulation in that time than before.

    As for you assumption that capitalism is about short term goals and trying to tell the housing bubble was capitalism is dishonest.
    To be fair, it wasn't a lack of regulations that caused the housing bubble, it was just a complete failure to enforce the ones on the books. Don't think you can get away with trying to pin the recession on the government, though. Only a small minority of the bad loans were involved in the community reinvestment act. It was caused by good old fashioned greed, enabled by the Bush administration.
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  3. #33
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    Re: Senate deal averts shutdown

    Quote Originally Posted by atrasicarius View Post
    To be fair, it wasn't a lack of regulations that caused the housing bubble, it was just a complete failure to enforce the ones on the books. Don't think you can get away with trying to pin the recession on the government, though. Only a small minority of the bad loans were involved in the community reinvestment act. It was caused by good old fashioned greed, enabled by the Bush administration.
    There was a large amount of lawsuits on businesses not interested in the loans. Some of them tried by Obama himself. The process was started and forced on the banks by the government. Even grading bad loans good was started by the government.
    Last edited by Henrin; 09-27-11 at 02:49 AM.

  4. #34
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    Re: Senate deal averts shutdown

    Quote Originally Posted by lpast View Post
    Im not sure what your upset about perry...you dont think they should have approved disaster relief for people ?
    They didn't do that. They came up with some story about the money actually being there despite their claims to the contrary. They did nothing.

    I'm good with some disaster relief........as long as it's paid for.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Frolicking Dinosaurs View Post
    Or we could do away with the Bush-era tax cuts AND cut spending - and actually pay down the deficit during the good times like we once did. Not continuing to pay down the deficit as Clinton was doing when things were good and cutting revenue instead is one of the reasons that we are now in the shape we are in. Reagan / GWB financial policies are responsible for the mess we are in.
    When I see a plan that calls for increased taxes and it's combined with a plan to actually cut spending, I'll support it. Not games claiming to cut spending years from now or claiming that spending already slated to end is additional cuts.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by rocket88 View Post
    Really? Where did Republicans suddenly get religion on this? Cheney said "deficits don't matter." Republicans have certainly not governed with concern over the deficit in the past. How many budgets did Reagan and both Bushes balance?

    We're reaching the point where as a nation we have to decide what we want, and make tax rates enough to pay for it consistently.
    I have no doubt that the arguement would be over how much we were going to go further into debt, not that we can not go further into debt without the last election.

    The last election did change the arguement as we've seen. Not that many who would have argued for simply less debt are really changed, but there is nothing they can do about those who refuse to accept that position.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by lpast View Post
    Thats fine...but when theres a disaster that no one can control and people need help...thats not the time to play lets pay for games after all the free money the teaparty gives to big oil and votes to keep giving it to them...whos BSin who
    You are....

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Frolicking Dinosaurs View Post
    We may have to spend to fix several things before we can balance this budget and start paying down the deficit. This was the thinking that got us out of the great depression and back into prosperity.
    Sheesh....

    However, we do need to start ending the pork and trimming the size of govt. now IMO. I am to a limited extend a Libertarian and was once a GOP. Reagan and his failed economics model was what caused me to leave the GOP. The cuts the Tea Party endorses are irresponsible while the economy is this bad.
    One of the cuts Boehner put on the table was the program that lost us a half billion dollars with Solyndra. Go ahead argue against that.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by rocket88 View Post
    Cons need to study up on history. There were a couple of really bad ones in the 19th Century. Ever hear the name Andrew Johnson?? Must not have.

    In fact, I'm guessing you've also never heard of Herbert Hoover, Richard Nixon, Warren Harding or Ulysses S. Grant. Next time you're going to make ridiculous claims, at least know what the hell you're talking about.
    Whether Obama ends up worse than any of these or not a few of those really aren't examples of telling people where they need to read up on history.

    And you left out Carter.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    Deregulation didn't cause the housing bubble. If anything there was more regulation in that time than before.
    It played a role.

    As for you assumption that capitalism is about short term goals and trying to tell the housing bubble was capitalism is dishonest.
    Indeed, no part of capitalism states that money should artifically be held so low for the simple idea of keeping bubbles inflated.

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