quote:Originally posted by Buttercup:quote:But what happens when we go to war and need tanks? Ohh, the president in charge when that happens can take care of that. (Trust me, I was in the service under Clinton, what a joke.)
But we did not need to go to war. Seven years into it and we're still there and will probably always have a presence there.quote:Also, which president was it that said everyone deserves a home of their own? CLINTON. So Freddie Mac and Fannie Mae began their loan programs that eventually led to the housing bubble and the collapse of the housing market (undeniably helping with the economic dive we are currently pulling out of).
Wrong. Lies on behalf of lending institutions and unregulated investment banks started that dive. It's true that people should not have taken out adjustable-rate mortgages, knowing the payment would go up. But it was also wrong for underwriters to make loans to any and everyone without checking employment, salary, etc. I work in the banking industry, Jeepin', and they're not innocent in this.
We were better off under Clinton and had no deficit. Bush screwed everything up.
Once more, buttercup,
There was a deficit under Clinton. He simply moved the social security surplus into the budget to hide the deficit. That can no longer be done as the surplus is depleted and the deficit is so large.