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Post by helens on Jul 12, 2013 17:37:15 GMT -5
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Sabre52
Cave Dweller
Me and my gal, Rosie
Member since August 2005
Posts: 20,487
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Post by Sabre52 on Jul 12, 2013 19:31:00 GMT -5
Rejoice over tiny victories cause there are a lot of shoes still out there to drop. National debt is still rising I think, Obamacare is set to explode with extra costs, still lots of mortgage and student debt out there, Europe and Asian economies set to blow and Berneke can't hold inflation down forever. Unemployment still high and interest rates rising as we speak. I ain't ready to go dance in the street in praise of our king just yet.....Mel
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Post by jakesrocks on Jul 12, 2013 19:44:03 GMT -5
Never fear, where there's spare money, the Obama admin will be sure to find a way to spend it.
Hey Mel, did you see where one of the rats is leaving the sinking ship, SS Obama ? Napolitano is stepping down. Maybe now our Border Patrol can get back to doing their jobs the way they're supposed to.
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bushmanbilly
Cave Dweller
Member since October 2008
Posts: 4,719
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Post by bushmanbilly on Jul 12, 2013 20:15:34 GMT -5
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Post by helens on Jul 13, 2013 0:58:47 GMT -5
Hrm. The largest revenue surplus for that month in the History of the USA, and ho hum? After all that complaining about spending and waste?
Seriously? Where's the jumping up and down in glee? Oh wait...OBAMA got us the surplus, nevermind that's what you all wanted... so nothing to be happy about right? You guys are funny:).
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Post by sandsman1 on Jul 13, 2013 2:49:48 GMT -5
could a been 100 million higher if obummer didn't take the tribe on vaca - im bettin he spends that money as fast as it shows up on paper, instead of payin down the debt with it like he should do
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Post by helens on Jul 13, 2013 4:54:07 GMT -5
could a been 100 million higher if obummer didn't take the tribe on vaca - im bettin he spends that money as fast as it shows up on paper, instead of payin down the debt with it like he should do Obama cannot spend one penny of US Revenue without direct Congressional authorization. How can he spend money as fast as it shows up on paper? Spending money is 100% Congress's responsibility through their 100% control of the US Budget every year. Obama has a say in WHAT the money Congress gave different agencies gets spent ON... but 0 control over how much is given them, and it's given the year before. How Obama made money was by saving FannieMae and FreddieMac through the bailouts and putting them into Gov't receivership. Every dime they take in in profit goes to the US Gov't. They profited billions each. Smartest financial move a US President has ever made. Congress is mostly controlled by Republicans. Are you saying that the Republicans will waste money as fast as they get it? Because they're the only ones who can.
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Post by jakesrocks on Jul 13, 2013 10:46:48 GMT -5
All those left wingers must be choking on the fact that the Republicans have done what Obama's far left wing Comrade Pelosi couldn't do. But never fear, Obama will find a way around that evil Republican Congress. It's called recess appointments and mandates. He'll get his hands on those saved dollars by any devious means at his disposal.
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bushmanbilly
Cave Dweller
Member since October 2008
Posts: 4,719
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Post by bushmanbilly on Jul 13, 2013 10:48:17 GMT -5
1 month??? Your celebrating over that? I wouldn't pop the cork yet.
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Post by helens on Jul 13, 2013 10:55:45 GMT -5
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grayfingers
Cave Dweller
Member since November 2007
Posts: 4,575
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Post by grayfingers on Jul 13, 2013 12:43:33 GMT -5
Any good news is good news. Getting money paid back that taxpayers had to fork over previously seems a bit of a odd thing to call a surplus though.
I like how the article was worded, " June's surplus was the largest for that month on record." Sounds good until one realizes that though it is a record for June, the other way to look at it is "The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. " (Since 2008, the year we bailed out Fannie Mae and Freddie Mac. We will have to see how the year ends, The last time the government ran an annual surplus was in 2001.)
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Post by helens on Jul 13, 2013 13:25:05 GMT -5
FannieMae is making BANK. You have no idea how fast they are raking it in now... their methods are actually shocking... they are literally the only game in town able to give out 3% down loans... and now want a platinum standard credit to get that loan. Those loans are 100% secure, and because of the 3% down, it's raising the price of real estate across the nation single-handedly as they trickle out foreclosure listings. Whoever's running FannieMae should be making a multi-million dollar CEO salary (but isn't, since the Gov't doesn't let anyone make more than their top GS rank). Unflipping-believable. It's BILLIONS in pure profit.
Now the Republicans are wailing that they can't get in on the profits as shareholders, and DEMANDING that Fannie-Mae come out of receivership (because receivership means ALL profits go to the US Treasury and none to shareholders). Genius, just genius what Obama did there for the USA.
Of course the greedy Republicans in Congress are now trying to ruin that for us all. If Fannie-Mae stays in receivership, our entire deficit may be paid off from that alone... but if Congress stays Republican, that won't happen of course, because they want the money personally already, and are crying and crying. We'll see what happens in 2014. If the Republicans win Congress, deficit will go back to exploding again.
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Post by Rockoonz on Jul 13, 2013 23:21:39 GMT -5
Isn't that like at the bankruptcy auction when everything is sold the business owner comments, "best month we ever had"
Lee
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jul 13, 2013 23:55:28 GMT -5
If the federal government is making extra money, then they don't need mine. They can make their own and give it to the various entitlements.
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Post by jakesrocks on Jul 14, 2013 0:01:48 GMT -5
LOL. Fat chance of the tax payers ever seeing any part of that money. Politicians and Gov employees need more parties. CIC needs another $100,000,000.00 vacation. We already know where these FannieMae profits are gonna go.
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Post by helens on Jul 14, 2013 10:34:17 GMT -5
Hrm. Obama is busy saving us from Bush's Deficit, and instead of being happy, you find a way to complain. LOL!
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Deleted
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Member since January 1970
Posts: 0
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Post by Deleted on Jul 14, 2013 13:06:06 GMT -5
This is funny funny. There will never be enough good come out to keep ya'll from bitching about something. Just like the billionaire that does not have enough money. Thanks for the laughs. Jim
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bushmanbilly
Cave Dweller
Member since October 2008
Posts: 4,719
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Post by bushmanbilly on Jul 14, 2013 14:18:38 GMT -5
Hrm. Obama is busy saving us from Bush's Deficit, and instead of being happy, you find a way to complain. LOL!
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Post by helens on Jul 14, 2013 14:38:32 GMT -5
Because if you need to fill in a hole someone else made, you have to pick up the shovel to do it. You couldn't figure that out?
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Deleted
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Member since January 1970
Posts: 0
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Post by Deleted on Jul 14, 2013 14:55:41 GMT -5
Jim & Helen, it's not yet time to claim victory. One profitable month ain't enough. The CBO says True Cost of Fannie, Freddie Bailouts: $317 Billion. One measly profitable month is not a success. Show us how all the tax dollars spent on Fannie & Freddie were returned to the taxpayers and I'll join the cheers. Until then, it's just re-distribution of stolen money.
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