White House says Republicans co-own legacy of record $19 trillion debt

[easyt65]

As far as I would trust Hillary...

 

[eagle1462010]

As far as I would trust Hillary...

Are you standing next to the Grand Canyon?

 

[Rustic]

White House says Republicans co-own legacy of record $19 trillion debt

What is amazing to me is that the WH is saying that it actually owns some of the debt.

NOW that is a first.

“Digging out of that economic downturn leading our economy to recovery and doing it all in fiscally responsible way will be a hallmark of the president’s legacy,” the spokesman said.

The Presidents legacy will be......wait for it.....BLAME BOOOOOOOOOOOOOOOOOOOSH.

The whole federal government with decades of tax, spend and print policy's are to blame for 100% of it...

 

[Interpol]

Facts can not be debated; they can only be understood.

President Reagan tripled the debt. President Clinton got it under control. President Bush exploded the debt by coupling massive tax cuts we couldn't afford with not one but TWO full wars he charged to the credit card, while also drastically expanding the federal gov't with Homeland Security, Medicare Part D, and No Child Left Behind.

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

The facts of our modern history are not disputed by anyone but the willfully stupid RWNJ trolls who live on message boards to spread their ignorance. In our lifetimes, Republican Presidents explode the debt while Democratic Presidents are brought in to mop things up.

 

[eagle1462010]

Oh LOOK...........the man who invented the INTERNET........

 

[IcebergSlim]

What do you THINK you mean?

It's a simple question.

Structurally, yes......but it's gibberish.....

I know that this is something you've been told to think, so why don't you just link to the source?

It is a fact and a matter of historical record.

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

 

[eagle1462010]

It's a simple question.

Structurally, yes......but it's gibberish.....

I know that this is something you've been told to think, so why don't you just link to the source?

It is a fact and a matter of historical record.

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

 

[IcebergSlim]

Structurally, yes......but it's gibberish.....

I know that this is something you've been told to think, so why don't you just link to the source?

It is a fact and a matter of historical record.

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

 

[Rustic]

It's a simple question.

Structurally, yes......but it's gibberish.....

I know that this is something you've been told to think, so why don't you just link to the source?

It is a fact and a matter of historical record.

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

If the all of the career politicians their federal government was not so corrupt...
They might have done some good, wishful thinking... Silly me.
Lol

 

[CowboyTed]

Facts can not be debated; they can only be understood.

President Reagan tripled the debt. President Clinton got it under control. President Bush exploded the debt by coupling massive tax cuts we couldn't afford with not one but TWO full wars he charged to the credit card, while also drastically expanding the federal gov't with Homeland Security, Medicare Part D, and No Child Left Behind.

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

The facts of our modern history are not disputed by anyone but the willfully stupid RWNJ trolls who live on message boards to spread their ignorance. In our lifetimes, Republican Presidents explode the debt while Democratic Presidents are brought in to mop things up.

I agree the only thing that you can look on is deficits and Bush created one hug one and Obama reduced it significantly under his watch...

Bush handed a record deficit over and Obama has been reducing it... Bush over-heated the economy by war and budget cuts...

Our so called fiscal conservatives are an embarrassment.
GOP Presidents just can't help themselves... Fiscal Conservative would be best voting for Hillary if they want this under control...

 

[eagle1462010]

It is a fact and a matter of historical record.

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

I'll post however I please...........Clinton signed that bill............It allowed Self Regulation.

 

[IcebergSlim]

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

Rustic.....have you met Eagle?

He too lacks the capacity for cogitation......you two could communicate in memes.....

 

[IcebergSlim]

Then link me to this "record".......shouldn't be too difficult....

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

I'll post however I please...........Clinton signed that bill............It allowed Self Regulation.

Please......I beseech you........huddle up with Rustic, Easy and Frank.....make senseless music together......

 

[eagle1462010]

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

Rustic.....have you met Eagle?

He too lacks the capacity for cogitation......you two could communicate in memes.....

 

[Rustic]

Facts can not be debated; they can only be understood.

President Reagan tripled the debt. President Clinton got it under control. President Bush exploded the debt by coupling massive tax cuts we couldn't afford with not one but TWO full wars he charged to the credit card, while also drastically expanding the federal gov't with Homeland Security, Medicare Part D, and No Child Left Behind.

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

The facts of our modern history are not disputed by anyone but the willfully stupid RWNJ trolls who live on message boards to spread their ignorance. In our lifetimes, Republican Presidents explode the debt while Democratic Presidents are brought in to mop things up.

I agree the only thing that you can look on is deficits and Bush created one hug one and Obama reduced it significantly under his watch...

Bush handed a record deficit over and Obama has been reducing it... Bush over-heated the economy by war and budget cuts...

Our so called fiscal conservatives are an embarrassment.

GOP Presidents just can't help themselves... Fiscal Conservative would be best voting for Hillary if they want this under control...

This country has been in debt for decades from its tax, spend and print policy's also socialists entitlement programs.
The debt has been going up all along, your little chart means nothing if there is still an outstanding balance...

 

[Rustic]

https://www.gpo.gov/fdsys/pkg/PLAW-106publ102/html/PLAW-106publ102.htm

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

I'll post however I please...........Clinton signed that bill............It allowed Self Regulation.

Please......I beseech you........huddle up with Rustic, Easy and Frank.....make senseless music together......

 

[IcebergSlim]

Are you referring to the removal of Glass Steagall restrictions?

That didn't "allow Too Big to Fail to selfregulate".......it allowed deposit taking institutions to engage in investment bank activities.....

But banks continue to be regulated by several bodies including the OTS, Federal Reserve, and SEC at the federal level......

I understand that this subject left you behind some time ago.....

But if you think you have the onions for the job, why don't you elaborate......try to avoid the use of memes.....

Rustic.....have you met Eagle?

He too lacks the capacity for cogitation......you two could communicate in memes.....

Logic........do you understand that a meme doesn't satisfy the definition of "syllogism"?

And that not all opinions are equally informed......Take yours, for instance.......

 

[leftwinger]

So what if we have annual budget Deficit, a ginormous national debt, and trillions in unfunded obligations? who cares? It's just monopoly money. Print as much as you need. Stuff the body and keep the party rollin'!!! The people are too stupid to notice......

Rolls Royce to haul Drywall. nice. I scanned thru it.

 

[Faun]

OF COURSE THE WH / OBAMA is declaring that. To be honest, he is of course correct. I am sure he wishes, though - as he will falsely try to claim they do - the GOP has a bigger share of it.

With the the help of a near-Super Majority controlled Liberal Congress that controlled spending / the budget the last years of Bush's administration and the 1st 2 years of Obama's, Obama added over $6 trillion in new debt in only 4 years.

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So what does he do, as the OP shares with us? Barry does / did what he does best -- Point his finger and blame others.

When do you stop lying?

Forget the reality that Obama was handed a trillion dollar deficit with a cratered economy ... your idiotic claim isn't even true.

Total combined debt from Washington to Bush....

10,626,877,048,913

Total debt increased under Obama (as of yesterday)...

7,472,165,188,341

Maybe 7.5T is more than 10.6T in conserva-la-la land -- but not here on planet Earth, it's not.

 

[Sun Devil 92]

Facts can not be debated; they can only be understood.

President Reagan tripled the debt. President Clinton got it under control. President Bush exploded the debt by coupling massive tax cuts we couldn't afford with not one but TWO full wars he charged to the credit card, while also drastically expanding the federal gov't with Homeland Security, Medicare Part D, and No Child Left Behind.

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

The facts of our modern history are not disputed by anyone but the willfully stupid RWNJ trolls who live on message boards to spread their ignorance. In our lifetimes, Republican Presidents explode the debt while Democratic Presidents are brought in to mop things up.

Bush was a mess.

Reagan's "tripling was something like 3.5 Trillion total.....it was recoverable.

And the economy boomed.

Bush threw away a huge opportunity.