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Housing bubble, handouts too political

February 24, 2013

DEAR EDITOR: I am getting very concerned about the national debt; I have been for some time. It is obvious that the president has misled this country in the elections....

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(141)

Citizen1

Feb-24-13 3:24 AM

You do realize that the housing bubble burst under Bush, right?

Also, assault weapons are not banned. You can go buy an AR-15 right now.

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Daniel

Feb-24-13 7:02 AM

Did I miss something? The housing, debt and economic debacle happened under GWB did it not? LOL! Indoctrinated faux news junkie.

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reallytiredofit

Feb-24-13 8:15 AM

Blueboy is back to pasting other peoples words as his own. With his low educational achievement he must not be able to write for himself.

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reallytiredofit

Feb-24-13 8:24 AM

When this writer says he is confused he really means it. The national debt results from money that has ALREADY been spent. When Congress votes to raise the National debt limit it is so that the Government can pay for the programs that Congress has already committed to. Cutting programs is one thing but refusing to pay for the programs that Congress has already put in place is something different all together. The National debt limit doesn't increase spending, CONGRESS INCREASES SPENDING on unfunded programs. Let's put the blame where it belongs.

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ArticWoof

Feb-24-13 8:46 AM

I use the N word when I think about you Warrenproud,,,,Nincompoop.

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XWarren

Feb-24-13 8:47 AM

Rtoi,

You do realize that the Senate's refusal to produce a budget for reconcilliation has added to the problem. The spending increases have nothing to do with what the lower house has authorized.

When the Senate refuses to do its job, produce a budget and go through reconcilliation, the choices are continuing resolution or gov't shutdown. A continuing resolution raises spending to the new baseline plus 3-5%. After 4 yrs of inaction, most spending is 25%+ of what it was when the SENATE last passed a budget. The dem house did it 2 yrs, the repub house did it for 2 yrs.

Even with this "sequester" (simple definition, not increasing spending as much as you wanted, THERE ARE NO CUTS TO CURRENT SPENDING), there shouldn't be any problem going back to 2011 spending. However, the idiots in charge will cut where it does the most damage to the average taxpayer.

There will be debt increase. Remember, all of these pigs feed at the same trough, and pigs don't know pigs stink

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XWarren

Feb-24-13 8:57 AM

Warrenproud,

You have gone too far this time and I am flagging your comment for abuse.

It is uncalled for for you to come into this forum and call anyone who doesn't agree with the president a racist, bigot or hater.

If you can't add anything productive and have nothing to say other than inflamatory comments or hate speech, don't bother saying anything at all.

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liemonger

Feb-24-13 9:05 AM

"The housing, debt and economic debacle happened under GWB did it not? "

Thanks to Clinton, simp.

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doloweiss

Feb-24-13 9:28 AM

USBlues has a good memory and understands what happened!

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reallytiredofit

Feb-24-13 10:38 AM

Let me see LIEMONGER says that Bush in not responsible for what happened on his watch, Clinton is. But Obama can't blame something that he inherated from Bush because HE IS THE PRESIDENT. This FOOL wants it both ways always.

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MarkRoger

Feb-24-13 11:02 AM

Warrenproud, Your comment is one of the most racial charged comments I have ever seen on here. Not one simple fact is present in anything you said. You have no proof this man is a member of the NRA, watches Fox News or is racist in any way. I agree with XWarren. It was really uncalled for.

Now, I am getting tired of everyone blaming certain presidents, and political parties. Here is the truth, Washington is broken. Each and every single jerk who serves this country ar our elected officials are at fault. ALL OF THEM !!!!! They all caused the housing problems, the unemployment and agreed to wars we did not need. They are all to blame for playing all the stupid child like games of pointing fingers and playing party politics. The immorality of those we elect, will be the cause of the fall.

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jtoday

Feb-24-13 1:39 PM

The housing bubble and mortgage crisis were a result of the creation of the credit default swaps in 1994 by JP Morgan and Mortgage Derivatives created by Drexel Burnham in 1987.

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liemonger

Feb-24-13 3:24 PM

"Let me see LIEMONGER says that Bush in not responsible for what happened on his watch"

Why don't you got learn something instead of regurgitating drivel... under all your screen names?

"Historically, the financial sector was heavily regulated by the Glass–Steagall Act which separated commercial and investment banks. It also set strict limits on Banks' interest rates and loans"

Guess when who that happened under?

Ohh... and you're pathetic..

Sign on... disagreeEEEEeee... eRRr... rememb4r to agreeeeEE with self...

dEEERRRpppp.

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liemonger

Feb-24-13 3:24 PM

*go

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Daniel

Feb-24-13 4:55 PM

Did you know that the deficit is shrinking more rapidly under President Obama than any president in decades? 94% of Americans don't know or believe that, but it is a mathematical fact.

But when Bloomberg News commissioned a survey asking Americans whether they believed the budget deficit was growing or shrinking, just six percent answered the question correctly. Ninety-four percent had no clue. And 62 percent actually thought it was getting bigger.

So the next time you hear a poll about how Americans think it's important to shrink the budget deficit, keep in mind that 94 percent of you don't even know that it's getting smaller.

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Daniel

Feb-24-13 4:55 PM

In fiscal year 2010, which was President Obama's first full fiscal year in office, the budget deficit was $1.3 trillion. In fiscal year 2013, the Congressional Budget Office projects it will be $845 billion. That's a 35 percent decrease in terms of dollars, and it's even bigger—41 percent—if you're tracking the deficit as a share of the GDP. The percentage drop is even bigger—roughly 50 percent—if you start from fiscal year 2009, which overlapped the final year of the Bush presidency and the first year of Obama's.

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liemonger

Feb-24-13 5:29 PM

"It was a Republican designed bill that was passed with republican votes."

Maybe you're so dense you don't understand that PRESIDENT CLINTON SIGNED IT.

Got it, simp?

Veto.. NO.

Signed.

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liemonger

Feb-24-13 5:29 PM

"It was a Republican designed bill that was passed with republican votes."

Maybe you're so dense you don't understand that PRESIDENT CLINTON SIGNED IT.

Got it, simp?

Veto.. NO.

Signed.

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liemonger

Feb-24-13 5:30 PM

And... ahhhh... look.

Danielle managed to copy/paste something she read on the Dumocrackdict Underground or her Daily Kooze.

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Marmel

Feb-24-13 6:30 PM

Daniel. You are truly very, very stupid. 2009 Obama was president for 11 months and 2 weeks. In 2009 he added the stimulus bill and theomnibus bill plus he spent the rest of tarp. Out of the 1.3 trillion in 2009 Obama is responsible for about 1 trillion. He is responsible for every penny since.

Get a frigin brain loser.

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Marmel

Feb-24-13 6:34 PM

Reallyretarded who was president in 99', who signed the bill into law. What congressman attached a amendment to the bill allowing GSE to be included as part of the law?

What u idiots fail to pick up on is the repeal of glass steagal didn't cause people to default on their houses. Liberal fair lending policies did.

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Marmel

Feb-24-13 6:40 PM

"The housing bubble and mortgage crisis were a result of the creation of the credit default swaps in 1994 by JP Morgan and Mortgage Derivatives created by Drexel Burnham in 1987."

Your liberal mind controllers failed to tell you that the subprime mortgage market collapsed.

Think for a minute Jtoday. If what you are told is the case we would have similar crashes in other sectors of the economy all the time, because we are trading them?

The mortgage bubble was created because millions of people where buying homes they couldn't afford thus increasing realestate values thus attracting investment. The problem was the principals were not paid.

The government already put out a study last month that said the subprime loans were the key to the collapse.

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Marmel

Feb-24-13 6:47 PM

Face it losers your liberal pipe dreams caused this mess and u think more liberal retardness will fix. Funny it isn't working yet they have all the answers.

Obama doubled Bush's debt, liberals created the subprime collapse. Liberal policy is failing as we speak. Remarry reality and it will all become clear losers.

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Marmel

Feb-24-13 6:50 PM

"It was a Republican designed bill that was passed with republican votes."

Lots of democrat votes helped it pass too.

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reallytiredofit

Feb-24-13 7:15 PM

A veto would have done no good LIEMOUTHER the bill passed with more votes than was needed to over ride the veto . Do a little research before you flap trap simpleton.

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