Democrats are the most fiscally irresponisble

Discussion in 'Politics' started by mdn2000, Dec 5, 2010.

  1. mdn2000
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    mdn2000 BANNED

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    Tit for tat, tit for tat, lets divide and conquer and title our threads to make people hate and angry. Fact is we are being screwed by both sides, just take a look at what Obama is doing and explain how the Democrats are fiscally responsible or how its even a fair comparison.

    Rush says it best

    Is Anything Real? Trillions in Secret Fed Payments Revealed

     
  2. mdn2000
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    mdn2000 BANNED

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    Where are all you Liberal Marxist hacks,

    Ignore the truth, right, no response to facts.

    Should of been easy, I am quoting Limbaugh.
     
    Last edited: Dec 6, 2010
  3. Mr. Shaman
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    Mr. Shaman Senior Member

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    Yeah.....we need some new-blood in D.C.!!

    :rolleyes:
     
  4. Wry Catcher
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    Wry Catcher Platinum Member

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    Limbaugh is very good at what he does. What he does is provide simple explanations which appeal to the emotions of simple people. Blame others, never oneself; all things liberal/progressive are evil, all things conservative are blessed. All harm has been done by the Democrats, no harm has been done by Republicans.
    He 'reports' on events using Pathos, not Logos (not that any fan of his would know or understand the difference).
     
  5. Truthmatters
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    Lush Limpballs lies.
     
  6. Common Sense
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    The fed could loan money under certain circumstances without the approval of congress. they "had" the right as a bank. that law has now been changed.

    Barney Frank said this on Parker Spitzer
    "Barney Frank: I agree. But we fixed that in the bill. First of all, the power they have under what was then Section 13.3 of the Federal Reserve Act to do these things without any restriction is gone. They can now set up facilities. They will still be able to respond to an emergency but in a much more orderly way. Secondly, when they were doing this, they didn't know that it was going to become public. They have any reason to expect it wouldn't. As a result of the bill that was signed by the president over the objection of almost all of the Republicans, they will now -- this was not just a one-time revelation. What we put into the bill was, one, tell us what happened in 2008 and 2009, and to -- going forward with an appropriate time delay so you don't affect the market unduly. Anything like the Fed has done in the future under the new restrictive rules will also have to be made public. And the fact that they know that it's going to be made public I think will be a constraint and some of the problems that you talked about." - CNN.com - Transcripts

    Section 13.3 - Discounts for Individuals, Partnerships, and Corporations
    In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, by the affirmative vote of not less than five members, may authorize any Federal reserve bank, during such periods as the said board may determine, at rates established in accordance with the provisions of section 14, subdivision (d), of this Act, to discount for any individual, partnership, or corporation, notes, drafts, and bills of exchange when such notes, drafts, and bills of exchange are indorsed or otherwise secured to the satisfaction of the Federal Reserve bank: Provided, That before discounting any such note, draft, or bill of exchange for an individual, partnership, or corporation the Federal reserve bank shall obtain evidence that such individual, partnership, or corporation is unable to secure adequate credit accommodations from other banking institutions. All such discounts for individuals, partnerships, or corporations shall be subject to such limitations, restrictions, and regulations as the Board of Governors of the Federal Reserve System may prescribe.

    this has nothing to do with either the republicans or democrats trying to get their friends $, it was simply an ability of the fed to create loans. (these are loans people, not hand outs of free money)

    so had Rush actually done some research, he would have found that the laws got changed so that the Fed cant do this anymore, yet the change in the law was largely opposed by republicans........
     
  7. Bfgrn
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    Bfgrn Gold Member

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    It is easy...you're quoting Limbaugh. Nothing else needs to be said. Where is your proof?
     
  8. uscitizen
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    uscitizen Senior Member

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    Democrats are the most fiscally irresponisble


    Well at least they do not generally claim to be otherwise. And fiscal responsibility is not one of their party's platform planks.
     
  9. Truthmatters
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    they have added less to the deficit than Rs
     
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  10. Cuyo
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    Cuyo Training a Guineapig army

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    True, indisputable. It was the plan from the get-go. When you run tremendous deficits and never say a word about it when Republicans are in power, they can use the deficits to block the Democrats from getting anything done when they're in power, citing that there's "No money."
     
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