RadioBanter - Socializing Medicine Fails Again

In article ,
dxAce wrote:

Billy wrote:

In article ,
dxAce wrote:

Everything has to be sold to pay the bills rung up by idiot
Liberal/Democrat/Marxist/Socialist voters.

What President oversaw the Afhan War from October 7, 2001, and Iraq War
from March 20, 2003 until January 20, 2009, when Obama became President?
How did he pay for these wars? Did he raise taxes for pay as you go, as
we did in WWII?

A pittance compared to all the bills rung up by idiot
Liberal/Democrat/Marxist/Socialist voters.
We take your word on it, huh? Citation please, or admit that you are
just full of crap.

Now run along Billy, your crack dealer awaits on the corner.
Citation please, or admit that you are just full of crap, again.
-----

http://www.democracynow.org/2008/10/...sec_paul_craig
October 17, 2008

JUAN GONZALEZ: What about this issue of the government's bailout being
aimed primarily at the financial institutions rather than the homeowners
who - and the defaults that are at the root of the crisis?

PAUL CRAIG ROBERTS: Yes.
Well, it suggests that the bailout is either incompetence or fraud,
because the problem, according to the government, is the defaulting
mortgages, so the money should be directed at refinancing the mortgages
and paying off the foreclosed ones. And that would restore the value of
the mortgage-backed securities that are threatening the financial
institutions. If the value was restored, the crisis would be over. So
there's no connection between the government's explanation of the crisis
and its solution to the crisis.

- Paul Craig Roberts, former Assistant Secretary of the Treasury
Department in the Reagan administration and a former associate editor of
the Wall Street Journal
-----

http://en.wikipedia.org/wiki/Financi...f_the_Iraq_War

Indirect and delayed costs
According to a Congressional Budget Office (CBO) report published in

October 2007,

the U.S. wars in Iraq and Afghanistan could cost taxpayers a total of
$2.4 trillion dollars by 2017 when counting the huge interest costs
because combat is being financed with borrowed money. The CBO estimated
that of the $2.4 trillion long-term price tag for the war, about $1.9
trillion of that would be spent on Iraq, or $6,300 per U.S.
citizen.[9][10]

Stiglitz, former chief economist of the World Bank and winner of the
Nobel Prize in Economics, has stated the total costs of the Iraq War on
the US economy will be three trillion dollars in a moderate scenario,
and possibly more in the most recent published study, published in

March 2008.

[11] Stiglitz has stated: "The figure we arrive at is more than $3
trillion. Our calculations are based on conservative assumptions

http://www.democraticunderground.com...z=view_all&add
ress=385x511449
One web site has TARP under Obama reduced to $70B from $700B.

Don't get me wrong, Obama is a real crook, like all Presidents, but the
damage was mostly done under Dubya, may he burn in Hell.

dxAce
Michigan
USA
--
- Billy
"Fascism should more properly be called corporatism because it is the
merger of state and corporate power." - Benito Mussolini.
http://www.youtube.com/watch?v=MyE5wjc4XOw
http://www.youtube.com/watch?v=b_vN0--mHug