LBJ-The War on Poverty.
GWB-Medicaid Part D ($550 billion and growing); TARP
My top three.
Posted on 11/26/2012 12:40:42 PM PST by bestintxas
My top three.
Agree! < stands up and applauds>
All their hot air would have melted the iceberg long before the ship got there.
535 CongressCritters....100 Senators + 435 House Representatives.....Alan Greenspan, Hank Paulson, Ben Bernanke...
But ultimately...the American People who elected these fools.
“What kind of website is that? Each page took a minute to download”
It’s a financial website similar to Forbes etc.
I’ll never use it again after I see it being infiltrated by the likes of this idiot.
The biggest culprit: the American public for being short sighted.
A smarter public would have endured a steeper recession in 2001 - 2002 to ensure stability from that point forward. Our elected officials knew we are short sighted and decided to recklessly over stimulate.
ted kennedy & LBJ 1965 Immigration and Nationality Act which did away with national origins and led to pyramid/anchor families..1986 Simpson-Mazolli IRCA Amnesty signed by Reagan and Congress lied and didnt fund enforcement...
http://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965
Lots of stuff has influenced the public in that direction though. For instance, when regular savings accounts went down to 0.00000000000001% interest, lots of people who don't know better stopped saving. Easy credit and neighbor envy make for a strong motivation to live in debt for others. Then, the Fed "monetizes" the debt by printing money, which effectively punishes savings.
When careful, long-term planning is effectively punished and shortsightedness is rewarded... Well, we see it now.
I agree. However to be honest about it, you have to blame EVERY President and EVERY member of Congress since March 1837. When Andrew Jackson left office, it was the first and only time this nation has been debt free. Maybe the only reason to honor Jackson.
I agree. However to be honest about it, you have to blame EVERY President and EVERY member of Congress since March 1837. When Andrew Jackson left office, it was the first and only time this nation has been debt free. Maybe the only reason to honor Jackson.
Lyndon Baines Johnson (Democrat President) - Started the debt spiral by failing to find revenue to fund his “guns and butter” administration. New entitlements and social spending plus the Vietnam war were put on the nation’s credit card. Johnson also wrapped Social Security into the federal budget allowing him to borrow from the trust fund to pay for his programs.
Richard M. Nixon (Republican President) - Took the nation off the gold standard, putting us on a fiat currency managed by the “independent” Federal Reserve, a creature of the big Wall Street banks. Nixon also greatly expanded the regulatory power of the Federal government, putting brakes on the economy. Under his administration we added the EEOC, OSHA, and the EPA. Finally Nixon failed to punish Saudi Arabia for its oil embargo resulting in a huge economic shock to the economy from soaring oil prices and facilitating the transfer of wealth from the industrialized nations to the Muslim world.
Wilbur Mills (Democrat Congressman) - Added a COLA to Social Security, taking control of the Social Security budget away from Congress and putting it on autopilot.
Thomas P. Tip O’Neill (Democrat Speaker of the House) - Reneged on his agreement with Ronald Reagan for the spending cuts which were to accompany the tax increases in Reagan’s second term. Liberals forget the Reagan plan was a combination of tax cuts and spending cuts. His tax cuts are blamed for exploding the deficit but the spending cuts never occurred.
George W. Bush (Republican President) - The deficit doubled during the Bush years and his tax cuts are blamed. I blame him for failing to use his veto power to reign in spending. He allowed the Republican Congress to explode pork (bridges to nowhere) while he pushed for huge increases in social spending (Education and Social Security prescription drugs).
Lots of people are to blame but I’d put Lyndon Johnson and George W. Bush at the top of the list for irresponsibly trying to fight major wars abroad and expand social spending without the revenue base to cover the increased spending. Nixon also deserves honorable mention because of his decision to move away from the discipline of the gold standard, which would have forced a balanced budget in the 1970’s.
A final contributing factor was the retirement of the old guard southern Democrat conservative committee chairmen in the 1960’s and early 1970’s and their replacement with liberal northern Democrats. The southern Democrat chairman killed many ill conceived social spending programs supported by the urban leftists in committee. Once they were replaced, the budget process broke down and Congress began spending wildly destroying the faith and credit of the Republic established during the first 200 years in less than 50 years.
This guy is a lefty turd world spin man. He is oh so concerned about taxes failing to keep up with spending; but he does not identify the socialist monsters who have violated the constitution to expand government power and spending.
Every cent cut from social security (old whitey who paid for it) will go into the sink hole known as deathcare, the socialist political machinery, and welfare for mo free obamastuff. It’s a race-based wealth transfer. Washington will eat every dollar they get in tax increases, too, for more commiefreestuff. There will be no “balancing the budget.” Only foreigners and stupids don’t know that.
I bet the author is a total stranger to the American constitution and it’s philosphy. I bet he knows we are the wealthiest nation in the world but does not have a clue about the structure of individual freedom that made that possible. I’m guessing he’s very familiar, however, with the competition in a foreign land between the turd world dictator cleptocrat and the competing socialist utopian cleptocrats. That is about the extent of his knowledge and I’m not sure why he’s writing about America’s problems.
WTF?
The alternate universe bleeds through again. Or is it the Twilight Zone?
What kind of total moron would equate
Paying Lower Taxes = GREED = Feeling entitled to wealth other people have earned.
These people actually believe the utter garbage that comes out of their minds.
Stopped right there. If the writer thinks keeping what you already earned qualifies as 'greed', I feel no desire to wade through whatever else might be contained in his self-delusional drek.
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