The Chart That Should Accompany Every Discussion of Deficits

[finehoe]

http://www.theatlantic.com/politics/archive/2011/05/the-chart-that-should-accompany-every-discussion-of-deficits/238786/

[Garden guy]

Proof again that the republican party is at fault for our depression and all of the loss of jobs....this is'nt new...they've just been screaming loud enough that noone could hear the truth.

[futurejax]

Proof again that the republican party is at fault for our depression and all of the loss of jobs....this is'nt new...they've just been screaming loud enough that noone could hear the truth.

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?  They twisted AIG's arm into extending CDS's into the trillions at sucker rates?  They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq? This liberal porn is indulgent I'm sure, but the stuff of a Dennis Kucinich created fantasy land all the same. But whatever gets you through the day, ya know?

[Bridges]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

[futurejax]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

Uhh,huh.  Who was president in 99/00 again?  And same for Glass-Stegall?  Which President was it that wanted to create an agency to oversee Fannie and Freddie's implicit guarantees of MBS's?  Oh, it was President Bush the same one that destroyed civilization.  Wow.  Which congressman from Mass was wholeheartedly against any reform of Fannie and Freddie?  That's right the purveyor of all things good Barney Frank.  And again it was the RNC's tainted info not George Tennet and the CIA's that Congress went to war on right?  It's fun to think this way and makes good backyard bbq conversation but it's a far cry from reality.  Are some Republicans certainly to be held culpable for some of the mess we're in?  Absolutely.  But to pardon Democrats and damn all Republican in the cartoonish Garden Guy way of looking at the world is infantile and most respectfully, stupid.

[ChriswUfGator]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

+1

[ChriswUfGator]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

Uhh,huh.  Who was president in 99/00 again?  And same for Glass-Stegall?  Which President was it that wanted to create an agency to oversee Fannie and Freddie's implicit guarantees of MBS's?  Oh, it was President Bush the same one that destroyed civilization.  Wow.  Which congressman from Mass was wholeheartedly against any reform of Fannie and Freddie?  That's right the purveyor of all things good Barney Frank.  And again it was the RNC's tainted info not George Tennet and the CIA's that Congress went to war on right?  It's fun to think this way and makes good backyard bbq conversation but it's a far cry from reality.  Are some Republicans certainly to be held culpable for some of the mess we're in?  Absolutely.  But to pardon Democrats and damn all Republican in the cartoonish Garden Guy way of looking at the world is infantile and most respectfully, stupid.

Doesn't matter, it was a republican-controlled congress which passed each one of the listed pieces of legislation.

[futurejax]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

Uhh,huh.  Who was president in 99/00 again?  And same for Glass-Stegall?  Which President was it that wanted to create an agency to oversee Fannie and Freddie's implicit guarantees of MBS's?  Oh, it was President Bush the same one that destroyed civilization.  Wow.  Which congressman from Mass was wholeheartedly against any reform of Fannie and Freddie?  That's right the purveyor of all things good Barney Frank.  And again it was the RNC's tainted info not George Tennet and the CIA's that Congress went to war on right?  It's fun to think this way and makes good backyard bbq conversation but it's a far cry from reality.  Are some Republicans certainly to be held culpable for some of the mess we're in?  Absolutely.  But to pardon Democrats and damn all Republicans in the cartoonish Garden Guy way of looking at the world is infantile and most respectfully, stupid.

Doesn't matter, it was a republican-controlled congress which passed each one of the listed pieces of legislation.

Oh I see. So Bill Clinton a Democrat was unable to stop his pen from signing these Republican pieces of legislation into law? 

[BridgeTroll]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

Uhh,huh.  Who was president in 99/00 again?  And same for Glass-Stegall?  Which President was it that wanted to create an agency to oversee Fannie and Freddie's implicit guarantees of MBS's?  Oh, it was President Bush the same one that destroyed civilization.  Wow.  Which congressman from Mass was wholeheartedly against any reform of Fannie and Freddie?  That's right the purveyor of all things good Barney Frank.  And again it was the RNC's tainted info not George Tennet and the CIA's that Congress went to war on right?  It's fun to think this way and makes good backyard bbq conversation but it's a far cry from reality.  Are some Republicans certainly to be held culpable for some of the mess we're in?  Absolutely.  But to pardon Democrats and damn all Republicans in the cartoonish Garden Guy way of looking at the world is infantile and most respectfully, stupid.

Doesn't matter, it was a republican-controlled congress which passed each one of the listed pieces of legislation.

Oh I see. So Bill Clinton a Democrat was unable to stop his pen from signing these Republican pieces of legislation into law?  

Even MORE funny... Glass and Steagel are DEMOCRATS.  How utterly ironic...  

The final vote for... Grammâ€"Leachâ€"Bliley Act

On November 4, the final bill resolving the differences was passed by the Senate 90-8,[14][15] and by the House 362-57.[16][17] This legislation was signed into law by President William Jefferson "Bill" Clinton on November 12, 1999.[18]

[acme54321]

Proof again that the republican party is at fault for our depression and all of the loss of jobs....this is'nt new...they've just been screaming loud enough that noone could hear the truth.

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?  They twisted AIG's arm into extending CDS's into the trillions at sucker rates?  They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq? This liberal porn is indulgent I'm sure, but the stuff of a Dennis Kucinich created fantasy land all the same. But whatever gets you through the day, ya know?

[futurejax]

So it was the RNC who must have coerced Saudi Arabia and China into buying hundreds of billions of MBS's?

No but it was Republican deregulation that allowed the banks to run wild with them.  Starting with the Gramm-Leach-Bailey Act in 1999.

They twisted AIG's arm into extending CDS's into the trillions at sucker rates?

No, but again, they enabled it through deregulation of the markets.  Allowing companies like AIG to create complicated financial schemes that were merely smoke and mirrors.  See Commodity Futures Modernization Act of 2000

They paid off Hillary, Edwards, Kennedy and all of the Dem congress and senators who authorized force in Iraq?

Didn't pay them, but lied straight to their face about every reason for entering war with Iraq.  "Yellow Cake" "Curveball" "WMDs".

Uhh,huh.  Who was president in 99/00 again?  And same for Glass-Stegall?  Which President was it that wanted to create an agency to oversee Fannie and Freddie's implicit guarantees of MBS's?  Oh, it was President Bush the same one that destroyed civilization.  Wow.  Which congressman from Mass was wholeheartedly against any reform of Fannie and Freddie?  That's right the purveyor of all things good Barney Frank.  And again it was the RNC's tainted info not George Tennet and the CIA's that Congress went to war on right?  It's fun to think this way and makes good backyard bbq conversation but it's a far cry from reality.  Are some Republicans certainly to be held culpable for some of the mess we're in?  Absolutely.  But to pardon Democrats and damn all Republicans in the cartoonish Garden Guy way of looking at the world is infantile and most respectfully, stupid.

Doesn't matter, it was a republican-controlled congress which passed each one of the listed pieces of legislation.

Oh I see. So Bill Clinton a Democrat was unable to stop his pen from signing these Republican pieces of legislation into law?  

Even MORE funny... Glass and Steagel are DEMOCRATS.  How utterly ironic...  

The final vote for... Grammâ€"Leachâ€"Bliley Act

On November 4, the final bill resolving the differences was passed by the Senate 90-8,[14][15] and by the House 362-57.[16][17] This legislation was signed into law by President William Jefferson "Bill" Clinton on November 12, 1999.[18]

Thank you.  There's plenty of blame that can be allocated to each side.  While it's nice and convenient to believe this naive "my side is better than yours bs",  it's a sideshow.  BOTH SIDES are complicit with their financiers and buddies on Wall Street.  Political class + wall street quant-gamers = most of the rest of us, f'd.

this list might surprise some, check out #25 for instance

http://www.opensecrets.org/orgs/list.php  

[CS Foltz]

+1

[futurejax]

no, there isnt 'plenty of blame' to go around for both sides.

Bridge Troll.  The problem with the Glass Steagall Act wasnt that it was erected, but that it was set aside.  Why would it be 'ironic' that the men who made the right decision in the first place were democrats?

Republican congresses passed this pandora's box of ills, straight and simple.

And then they managed to completely blackmail America with Bill Clinton's miserable blow job.

If you remember, Futurejax and BridgeTroll, at the time the Republicans were literally impeaching Bill Clinton for a blow job, while claiming he and his wife had murdered a string of people culminating in Vince Foster.

And you wonder why Bill Clinton wasnt vetoing the bills included in the omnibus?---which he didnt have the power to do anyways since there is no line item veto?

These revisionist clown arguments are too much sometimes.

If the repeals of the bills witin the omnibus were so egregious he should have vetoed the whole thing.  And no I don't accept the rationalization "they were tearing the country apart with Monica thus I had to sign every pos bill that they sent to my desk", he was by then lame duck.  He wasn't going to run for re-election, he didn't have to capitulate to anyone.  He either ddn't veto because he didn't have the stones to, or get ready for it, he didn't because maybe he actually AGREED WITH THE REPEALS.  

[NotNow]

Partisian bickering = yawn.

As for BC's "blow job", he was actually in trouble for LYING about the blow job in official proceedings.  That's called "perjury".  Now, I happen to like Mr. Clinton and I give him great credit for his part in getting the country on track financially.  My personal morals give no slack, however,  for the President of the United States getting sexually involved with a 21 YEAR OLD INTERN.  In my eyes, he had the responsibility to stop anything like that from happening as the President, as an employer, as a role model, and as a father.  Not to mention his responsibility to his wife.  Of course, this is my personal opinion, and I have been lectured ad nauseum about it being "just a blow job".  We are all entitled to our opinion, and that is how I see it. 

As for the chart, we could post many charts here showing the excessive projected growth in many programs.  Bickering about fault is a waste of time and breath.  Where does the future lie?

[JeffreyS]