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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (116983)	11/20/2008 6:41:50 PM
From: Sam	Read Replies (1) \| Respond to of 132070

It isn't just tampering with inflation numbers--it was pretending that the paper carried on the books of the country and leading companies in the country is actually worth something. And pretending that future liabilities don't exist. Of course, there was complicity by Democrats with this, but Bush led it, and Cheney both said and acted as if "Deficits don't matter." That first whopping tax cut pretended that SS and Medicare were future liabilities that could simply be ignored, and that SS surpluses weren't being purposefully built up to meet at least some of those future liabilities. Instead, they used those surpluses to rationalize those tax cuts, and weakened the balance sheet of the country so "give it back to the people." And they allowed corporate scammers, I mean executives, to pretend that CDOs actually made sense. We all knew that they made no sense. We just didn't know when the shit would hit the fan.