Bush Is Turning the USA into a Subprime Borrower

Much in the same way that US investors were "steered" into rip-off mortgage loans, the entire country has been "steered" into an economic crisis. The question is how to get out of it.

Category:

News & Politics

Tags:

• subprime
• mortgage
• Bush
• S&L
• US
• economy
• budget
• deficit
• surplus
• debt
• Minsky
• Fed

[GDR352]

While we've been afraid of bin Laden's next attack our president has been financially raping the taxpayers for the benefit of his corporate chronies. Example: Hundreds of billions of BORROWED dollars have been paid to companies like Haliburton for the so-called "rebuilding" of Iraq's infrastructure. If you're a taxpayer, ask yourself this: Have you gotten a single accounting or progress report yet about what that money has paid for? Yup, neither have I. But Bush's pals are getting rich, right?

[highway234]

this latest budget is basically a terrorist attack on the US economy. notice how this video is just a few months old and things have gotten so much worse... she talks about a 250 billion dollar deficit but this next deficit is gonna be upwards of 500 or even 600 billion, depending who you ask. i think it's the bush administration's stuffing their briefcases with cash before they leave office.

anyway, good video, smart and observant. keep it up!

[bootylicification]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.84 Trillion The debt right now is $14.23 Trillion. In approximately 788 days in office, Obama has accumulated $4.24 Trillion. Using simple algebra you'll find by Nov 24 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.

Allen West 2012

[bootylicification]

Clinton didn't leave a $5.6 Trillion surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links. The Debt Clock should be adjusted increasing the national debt from $14.0 to $21 Trillion and reducing our unfunded liabilities by $7 Trillion to reflect the truth about Clinton.

.

Allen West 2012



[fatbear711]

What has Obama done to cut the deficit? Nothing. One star for you.

[Schlig1111]

truer every day.

[maskedphrogg]

Lawful Money

The Constitution explicitly places management of currency upon the Congress.

Displace the unaccountable Federal Reserve and return currency management to the Congress where it lawfully belongs.

[strata1972]

There is no such thing as a budget surplus.

The government has been borrowing money for decades.

The currrent money system is to blame.

But in the mean time, I guess America will take a backseat to the great asian countries and we will get a taste of the third world conditions here at home.

Remember nobody bitch because it's whining. just sit back and take it.

[romeoneverdies]

vote ron paul ...  better govt ... better finances....