Bottom 3 colors (in chart) are a massive Gov engine spending; as Democrats prevent Bush critical reform point (arrow: 18.8% GDP)Image: SBO: 2005 [ENLARGE]
FACT: Privatisation of Social Security would have resulted in a redistribution of power from the state to tax-payers, thus enhancing personal freedom, promoting faster economic growth, and raise in savings rate... A must needed surplus for seniors!
Obama: GOP Trying to Destroy Social Security: Read.Absolutely unbelievable!
View actions which resulted in enhanced borrowing & savings depletion; as Dems prevented reform of the Soc. Sec. & medicare system... Dems can lie all they want; but it is NOT OK to blame the very person who tried to pass a bill to create more surplus, and save entitlements...
Liberal Projections of a Stimulus Economy -VS- Reality: View.
Democrat plans pulled from economy, instead of cut-back w/ reforms
Famous entitlement reform, rejected by Democrat Party...
VIDEO: Bush’s seventeen formal warnings about Freddie & Fannie (2004-2008) and demands to reign them in, were rejected by Dems: VIEW.
NOTE: Video pulled, Found copy from Lbn-Khaldun
Democrat-run Freddie & Fannie were distributors of:
Carter’s 1977 Community Reinvestment Act.
Dems enacted "lending laws" passed in numerous states which outlaw such fees, prohibiting banks from protecting themselves from the added risk involved in making forced loans to "subprime" borrowers.
In 2009, Obama bails-out (twice bankrupt) F & F
And develops the:
American Recovery and Reinvestment Act of 2009-- "Poorly designed" it was probably one of the reasons why we’ve lost
