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In reply to the discussion: Don't blame Bush! [View all]

truedelphi

(32,324 posts)
9. TARP was the distraction, MaggieD. The damage was done by Bernanke "lending"
Fri Oct 3, 2014, 04:27 PM
Oct 2014

Out trillions of dollars of monies to various big Financial Firms, and experts have declared that
at least 4.7 trillions of those monies will not ever be repaid.

Funny thing, right when that was going on, along came the big PR campaign, by leaders in both parties, telling We the American people that we had to realize Austerity is important, and we cannot have Social Security landing in the greedy hands of granma. That 2.1 trillions of Social Security dollars are needed to offset:
One) the cost of the wars and the Homeland Security and Surveillance

Two) The cost of the Bush Tax cuts, that began under Georgie Pordgie, and that Obama approved and exteneded, instead of letting them expire

Three) The Bernanke giveaways (Oh and Bernanke also did some dickering around and saw to it that the price of oil and gas went skyward

Bernanke may have begun under Bush, but Obama did re-appoint him.

Items in points One, Two and Three total up way more than what is represented in the Social Security funds, but having that 2 + trillion would "be a help." (As the bureaucrats and sold out puppets inside the Beltway see things.)

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