The Role of Congress in the Recession of 2008

Myself ^ | 2/15/2009 | Danae

[Danae]

This is my own original work, after being graded for my English course work for American Military University. Yes I got 100%.

[MHGinTN]

Well done! I’m pinging a few who will enjoy your excellent work.

[g'nad]

bkmk

[MHGinTN]

Would you permit me to post the entire essay on my blog (porchmaunderings.blogspot.com)?

[milford421]

Yes, excellent. Thanks for the ping.

[IrishCatholic]

Good for you. Bookmark for later reading.

[screaminsunshine]

Well. I predict free fall. ...Commie in White House.

[Danae]

I would be honored! Thank you!

[blackbart.223]

I can sum it all up in three words.

We got screwed.

[Danae]

Thank you very much, I posted an earlier version, this on is the final one.

Now to do an essay on Ethics.... hum... wonder what my topic should be..?

[Danae]

Oh yes we did. Deliberately screwed.

[bamahead]

Rare offlist ping to an OUTSTANDING original commentary by a list member.

Well done!

[Danae]

Thank you sir! (blushing)

[metmom]

ping

[blackbart.223]

"Oh yes we did. Deliberately screwed."

I seemed to have left that word out. But the end result is the same.

[SunkenCiv]

Thanks MHGinTN.

It's worth remembering that in 1801, when Jefferson became president, the US national debt was around $100 million, about 10 times annual federal revenues. This was literally "the cost of freedom," and would correspond today to a national debt around $30 trillion. Since our actual national debt is $13+ trillion, the government is in better financial shape today than it was in Jefferson's time. And at the time, Jefferson's number one priority was paying down the national debt. So, how did he do it? How does ANY wise government ever increase its revenues? Yes, that's right! JEFFERSON REDUCED GOVERNMENT SPENDING AND CUT TAXES.-- BroJoeK

[Danae]

Exactly. It is the only way to get anyone or any entity out of debt.

Anything else only ever makes the problem WORSE, not better.

[mkjessup]

"Actions taken by congress starting in 1977"

Hmmmm, let me think for a minute, who was President back in '77, let's see now, it wasn't Nixon or Ford, and Ronald Reagan wasn't elected until 1980, golly, this is a tough one, somebody that was in the White House between 1976 and, and 1981, boy this is difficult to figure out here, hmmm, what else happened in that 4 year period, I seem to remember inflation, unemployment, gas lines, economic chaos, Soviet expansionism, America retreating on almost every global front, I remember a bunch of little Iranian Islamofascist punks encouraged by the Assahollah Khomeini seizing our Embassy in Tehran and holding our fellow citizens hostage for 444 days, the B-1 bomber getting canceled, the Panama Canal being given away to some thug named Torrijos, Taiwan being stabbed in the back, wow, can anybody help me out here?

I'm thinking about some blundering, mush-mouthed, chiklet-grinning, buffoon in a cardigan sweater, babbling on TV about mayonnaise, malaise, something like that, finally got his ass stomped in the Reagan landslide of '80, only carried 6 states and was sent home to become a bitter old anti-Semite, damn, I just can't quite name the miserable sonuvabitch, ya know?

Just give me time, it'll come back to me.

[MHGinTN]

Done ... and thank you!

[Danae]

ROTFLMAO

Ummmm, do I smell peanuts?