Replies to post #219432 on Simply Politics & News (GOV)

[maddogs]

Ron Paul: One-Third of Fed Bailout Loans - and Essentially 100% of NY Fed Loans - Went to Foreign Banks

Where your "debt" is

[sylvester80]

The Republican Bush tax cuts for the rich was the biggest contributor to the debt EVER! And what did we get for those tax cuts??? The Great Recession/Depression. Tax Cuts for the rich not only did not work, they made things worse as the rich started using the windfall from the tax cuts to commit greed lies & fraud in real estate. Every aspect of real estate. Loans? GREED LIES & FRAUD! Banking? GREED LIES & FRAUD. Credit? GREED LIES FRAUD. Real Estate agents? GREED LIES & FRAUD. Appraisals? GREED LIES & FRAUD. Credit rating agencies? GREED LIES & FRAUD. Investment Houses? GREED LIES & FARUD. Flippers? GREED LIES & FRAUD.

So not only the tax cuts for the rich saddled us with a massive increase in the debt when they took place by a huge loss of revenue, but in fact were the cause of the economic implosion and the massive bailouts that that followed increased even more the massive debt.

There is only one answer: REPEAL THE BUSH TAX CUTS FOR THE RICH!!!!