Any political party which would consider nominating another Bush, Clinton or Obama – would have to be completely brain dead and devoid of any ideas.
The US is $17.5 trillion in debt, almost all of it accumulated since 1990, and nearly half of it accumulated since Obama was elected.
but look at the prosperity we had under Bush II, even during wartime America won the world!
Patriot Act opened up the door for Obama
I was always surprised when Bush Snr did not do a 2nd term, he was a good President.
The rot set in of course when Ronnie R was president, he did the big spending. It did have results though as it beat the USSR into submission for a while and US has the worlds best armed forces still.
Andy
ROFL Obama’s annual climate research budget is as large as one month of Reagan’s entire US budget.
Andy, you need to study the history more. Reagan was a much better than average Prez. But, one of his mistakes was setting Bush One up for the job. Bush One dropped the ball, to be followed by the horrible Clinton, who was then followed by Bush Two.
On a simplistic rating scale (0-10)
Reagan 9
Bush One 5
Clinton -3
Bush Two 5
Obummer -10
Ronnie didn’t pick CIA Bush the elder, Bush the elder was chosen for him. Then this kid of a Bush family friend fires a few shots at Ronnie, one of them hitting, and that was that.
But since we are talking deficit, we have to go back to at least LBJ. LBJ’s administration needed money to pay for the great society and the war in Vietnam. So the fed printed it. Then the French figured out what was going on and started demanding gold for dollars. By the time this is a real problem Nixon in is office and he closes the gold window. There has been no effective mechanism for fiscal discipline since.
Is having the world’s best armed forces an advantage to a nation’s population ?
no. they cost a great deal of the wealth and the lives of the people and the benefits are concentrated in the hands of those in and close to the government.
And then ultimately, those armed forces are turned internally one way or another. We’ve only seen just the beginning of where it can go.
The Virginia Bill of Rights says that keeping a standing army is dangerous, thus the need for a civilian militia.
That is what Obambi wanted . A Civilian National Security Force . It also has the word ‘civilian’ just like civilian militia.
http://youtu.be/0ecDxMQcsLg
Depends on your definition of “advantage”. If you mean bankrupting the nation to pay for all those overseas military bases and “adventures”, then perhaps yes. If not, well then, Happy Loyalty Day! http://www.lewrockwell.com/lrc-blog/happy-loyalty-day/
/sarc
The best armed forces? Soon to have the worlds worst fighter jet. The Joint strike fighter is meant to replace a host of older types and fill a variety of roles. However, it does none of those roles well, it’s expense, over-budget, behind schedule and cannot be cut because Lockheed has spread it jobs across 48 states and has many congresspeople in their back pockets. When all is said and done, Lockheed will have a monopoly on US fighter jet production. God forbid we ever have a conflict in which we have to send our brave pilots up in this POS dog of a plane. What has happened to this once great country? We’re f’d. Google F-35 problems if you want lots of depressing reading about the new joint strike fighter. Here’s just one.
https://medium.com/war-is-boring/5c95d45f86a5
The other half Reagan and the Bush morons. In fact Ronnie tripled it during his 8 year nap. That being said Owebama has done a fine job of doubling the debt while golfing.
We have basically been living off a debt driven pyramid scheme run by both parties since 1981. Mortgaging the future for the illusion of short term prosperity to maintain political power.
LOL, the Dems did the mortgaging of everybodys’ future … Hello, Fanny Mae … hi there, Freddie Mac welcome to the Party !
David you moron,
thanks for extending the typical ignorance of who controlled both houses of Congress at the time. We could be kind or insulting and say that Ronnie had an agreement with the Dhimmicraps who totally ignored it and went on a spending spree. Yeah, Ronnie was so dumb he TRUSTED the Dhimmicraps to keep their word to hold down spending.
You use typical propaganda constructions. Reagan tripled… Owebama doubled.
How about ‘bammy has added about 7 trillion to the debt SO FAR and Reagan, in 8 years of ramping up star wars and other military adventurism added what, maybe 3 trillion?!?! And without leaving a legacy program like Barrycare to continue sinking the ship of state.
This Forbes article has some other ways of looking at it:
http://www.forbes.com/sites/jamesglassman/2012/07/11/the-facts-about-budget-deficits-how-the-presidents-truly-rank/
As for spending itself, during the George W. Bush years (2001-08), federal outlays averaged 19.6 percent of GDP, a little less than during the Clinton years (1993-2000), at 19.8% and far below Reagan, whose outlays never dropped below 21 percent of GDP in any year and averaged 22.4%. Even factoring in the TARP year (2009), Bush’s average outlays as a proportion of the economy was 20.3 percent – far below Reagan and only a half-point below Clinton. As for Obama, even excluding 2009, his spending has averaged 24.1 percent of GDP – the highest level for any three years since World War II.
Both Reagan and both Bushes doubled the national debt each time. Clinton balanced the budget at one point something NO Republican has done since 1980.
Obama inherited a complete banking/economic collapse.
Clinton didn’t balance anything. Gingrich and the dotcom boom balanced the budget. GWB inherited the dotcom boom collapse. Obama has increased the debt by more than everyone else combined.
There was no banking/economic collapse. Chase reported a profit in December, 2008.
JPMorgan Chase Reports Full-Year 2008 Net Income of $5.6 Billion, or $1.37 per Share, on Revenue of $67.3 Billion; Fourth-Quarter 2008 Net Income of $702 Million, or $0.07 per Share
https://investor.shareholder.com/jpmorganchase/releasedetail.cfm?ReleaseID=359235
Just a reminder that Grinch, Clintoon et. al. balanced the budget on the backs of SS and the military. They practically gutted the military and borrowed every dime out of the SS and other funds to come up with those “balanced” budgets. Oh, and yes they did a little touching up of handouts to slow the rot.
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.
Fannie Mae Eases Credit To Aid Mortgage Lending – New York Times
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
more here:
http://nicedeb.wordpress.com/2008/09/21/the-white-house-warned-congress-about-fannie-mae-freddie-mac-17-times-in-2008-alone/
What was that about Clinton again ?
Clinton, through Janet Reno , instigated 17 major law suits against the Banks, forcing them to make high risk loans at low risk rates. The Senate Finance committee was, and is controlled by Democrats. They oversaw Freddy and Fannie, and pursed the leveraged packaging of MBS, and accepted the bogus A rating of the same, which a high school kid could have known were bogus NINJA loans. The banks, under the threat of lawsuits, followed the govt sponsored banks, and packaged, leveraged etc just the same.
What year did Clinton “balance” the budget?
What was the national debt at the beginning of that fiscal year?
What was the national debt at the end of that fiscal year?
(Hint: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm)
The Clinton “Surplus” disappears and becomes a deficit if social security revenues and costs are removed from the calculation. But it’s not a ‘trust fund’ but a welfare program per government court decisions so it’s difficult to call this an accounting trick, but the american public was certainly mislead.
People are afraid of the states-rights Tea Party because they have a Biblical monkey on their back, and even worse than Obama, they have an utterly until last devestating moment principle of utter world stage chessboard PACIFISM.
The idealistic existential search for a good/evil and black/white or nigger/cracker axis is not useful to anyone.
Yet you embody it.
You imply that everyday urban voters actually support the ultimate illogical logical conclusions of leftist extremism.
They just fucking hate old school religious assholes, already.
They are still killing Nixon.
Off the meds?
Off the meds and swimming in the toxic environment that is NYC.
We can track our fiscal sewer all the way back to the last (and by far the worst) VA president, Woodrow Wilson, who kept us out of WWI until after the election, gave us the Fed Reserve, the Sixteenth Amendment, internment camps for anyone who might criticize the war, and re-segregated the military. I’ll leave it to Gail to get into his eugenics links. One really bad dude.