tdsrnest wrote:
Who created the Bush Tax cuts was it Obama that created $6 trillion loss in federal funds non of it paid for. Who created two phony wars another$3.2 trillion unpaid for. Who created TARP another $750 billion unpaid for. Who created Medicare Part D $520 billion all unpaid for went directly to the deficit. I could continue but Obama took office with 7.8 % unemployment and the first 4 months was losing 800,000 jobs a month we went to 10% unemployment can you imagine the funds lost in tax dollars to the fed. Can you imagine with 10% unemployment the cost increase to our Food stamp program Cost increase in Medicaid so program cost increasing and federal funds down and you blame Obama. That's all Obama was doing explaining the deficit increase and why. But the right wing on OPP ignore that and as a matter of fact they blame democrats for the recession. That's why the talking point Republicans always have trouble with math just blame democrats.
Who created the Bush Tax cuts was it Obama that cr... (
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As most tax and spend (other peoples money) Socialist Democrat's, you have your figures all wrong.
You talk about deficits. All a deficit is, is an accumulative subset which contributes to the National debt. The National debt is what we American people own/owe. The National debt, if not payed down, will eventually bankrupt the country.
My National debt figures still stand. Bush added $4 TRILLION to the debt in 8 years, which you tried, but failed to explain, and Obama added $10 TRILLION to the debt in 8 years, which you did not address.
The following is just one of the issues you misstated the facts on:
Treasury established several programs under TARP to help stabilize the U.S. financial system, restart economic growth, and prevent avoidable foreclosures.
Although Congress initially authorized $700 billion for TARP in October 2008, that authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Of that, the following amounts were committed through TARP's five program areas:
Approximately $250 billion was committed in programs to stabilize banking institutions ($5 billion of which was ultimately cancelled).
Approximately $27 billion was committed through programs to restart credit markets.
Approximately $82 billion was committed to stabilize the U.S. auto industry ($2 billion of which was ultimately cancelled).
Approximately $70 billion was committed to stabilize American International Group (AIG) ($2 billion of which was ultimately cancelled).
Approximately $46 billion was committed for programs to help struggling families avoid foreclosure, with these expenditures being made over time.
https://www.treasury.gov/initiatives/financial-stability/TARP-Programs/Pages/default.aspx