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Dash
PostPosted: Thu Apr 15, 2010 8:03 pm 
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http://news.yahoo.com/s/ap/20100415/ap_ ... protests_2

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President Barack Obama said Thursday he’s amused by the anti-tax tea party protests that have been taking place around Tax Day.

Obama told a fundraiser in Miami that he’s cut taxes, contrary to the claims of protesters.

“You would think they’d be saying thank you,” he said.

At that, many in the crowd at the Adrienne Arsht Center for the Performing Arts stood and yelled, “Thank you!”

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darksiege
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PostPosted: Thu Apr 15, 2010 8:21 pm 
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can we reauchambeau for control of the country? I will go first.
then retire/quit before someone nutkicks me.

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Darksiege
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Rorinthas
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PostPosted: Thu Apr 15, 2010 9:07 pm 
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Deficit spending is just a tax on future earnings.

and before anyone says anything Yes that makes Bush guilty (though not as guilty) as our current President.

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Xequecal
PostPosted: Thu Apr 15, 2010 10:01 pm 
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I'm not so sure that's even the case. Most of the T-bills sold to finance Obama's deficit spending were sold at 3.8% or lower, if you look at the core CPI with housing stripped out, (it's still crashing) it's pretty evident that everyone who bought those is going to end up actually paying the government for the privilege of lending it money.
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Rorinthas
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PostPosted: Fri Apr 16, 2010 6:27 am 
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Well then it's likely di get to the point were people don't want to lend us money. China isn't doing it because they like us

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Khross
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PostPosted: Fri Apr 16, 2010 10:12 am 
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The problem with that line of thought is that it is official White House and Democratic Party policy to state that all spending and deficits generated by the Obama Presidency are the last guy's fault. Harry Reid and Nancy Pelosi are both on record as saying the 9 trillion dollar expansion to the National Debt for THIS fiscal year is Bush's fault.

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Arathain Kelvar
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PostPosted: Fri Apr 16, 2010 11:14 am 
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Khross wrote:
The problem with that line of thought is that it is official White House and Democratic Party policy to state that all spending and deficits generated by the Obama Presidency are the last guy's fault. Harry Reid and Nancy Pelosi are both on record as saying the 9 trillion dollar expansion to the National Debt for THIS fiscal year is Bush's fault.


Considering Pelosi's held the purse strings sinces 2006, she has huge balls.
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Khross
PostPosted: Fri Apr 16, 2010 11:52 am 
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Arathain:

That doesn't matter -- the Bush Shield is in full effect and this Administration and its Party's Congress have no desire to make themselves accountable for anything. The failure of the not yet implemented Health Care Reform Act is already being blamed on Bush.

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Arathain Kelvar
PostPosted: Fri Apr 16, 2010 12:08 pm 
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Khross wrote:
Arathain:

That doesn't matter -- the Bush Shield is in full effect and this Administration and its Party's Congress have no desire to make themselves accountable for anything. The failure of the not yet implemented Health Care Reform Act is already being blamed on Bush.


LOL, how so?
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Khross
PostPosted: Fri Apr 16, 2010 12:10 pm 
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Arathain:

They can't fund it; they know they can't fund it; and they know it won't increase coverage. So, because Bush actually vetoed 3 attempts to remove the tax shelter for employees on group plans, the hostility toward the reform and the tax changes are his fault.

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Xequecal
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PostPosted: Fri Apr 16, 2010 5:18 pm 
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Khross wrote:
The problem with that line of thought is that it is official White House and Democratic Party policy to state that all spending and deficits generated by the Obama Presidency are the last guy's fault. Harry Reid and Nancy Pelosi are both on record as saying the 9 trillion dollar expansion to the National Debt for THIS fiscal year is Bush's fault.


I somehow doubt that, since the "official" expansion of the debt is more like $1 trillion. Even if the actual number is somehow $9 trillion, I doubt Reid and Pelosi would actually admit that.
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Diamondeye
PostPosted: Fri Apr 16, 2010 5:34 pm 
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Khross wrote:
Arathain:

That doesn't matter -- the Bush Shield is in full effect and this Administration and its Party's Congress have no desire to make themselves accountable for anything. The failure of the not yet implemented Health Care Reform Act is already being blamed on Bush.


That's because they're planning on running against Bush for the 4th election in a row in 2012.

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Rafael
PostPosted: Fri Apr 16, 2010 5:50 pm 
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Xequecal wrote:
I'm not so sure that's even the case. Most of the T-bills sold to finance Obama's deficit spending were sold at 3.8% or lower, if you look at the core CPI with housing stripped out, (it's still crashing) it's pretty evident that everyone who bought those is going to end up actually paying the government for the privilege of lending it money.


T-bills aren't sold at their bond equivalent rate, they are indexed by discount rate.

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Xequecal
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PostPosted: Fri Apr 16, 2010 5:56 pm 
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Still, inflation is still going to exceed the interest rate on them. Even the Treasury Inflation Protected Securities, well, aren't because they're indexed to core CPI which is still zero or even negative because of housing.
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