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Discussion Starter #1 (Edited)
BOB/Everyone, please feel free to bleed RED on this and I will try to make the correctins so we can keep tabs on the RAT BASTARDS in DC that are selling us down the river...


Regulations flew out the window under the Clintoon admin amidst MUCH pressure from the Democratic Black Caucus to expand home ownership amongst the minorities… I was selling R.E. at the time and watched qualification on a First Time Home Buyers 90% LTV go right out the window and by 1999 ANYONE with a pulse could put their X on the loan docs ad get 110% LTV every day of the week… Investors were buying NEW homes as rentals as fast as the builders could crank them out and the banks were giving 100% LTV loans to the investors with little or no collateralization… I bailed out of the industry in 2000 and went back to the Tech sector…

From Forbes:
It is clear to anyone who has studied the financial crisis of 2008 that the private sector’s drive for short-term profit was behind it. More than 84 percent of the sub-prime mortgages in 2006 were issued by private lending. These private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year. Out of the top 25 subprime lenders in 2006, only one was subject to the usual mortgage laws and regulations. The nonbank underwriters made more than 12 million subprime mortgages with a value of nearly $2 trillion. The lenders who made these were exempt from federal regulations.
Also from Forbes:
It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards. the GSEs. Conforming mortgages had rules that were less profitable than the newfangled loans. Private securitizers — competitors of Fannie and Freddie — grew from 10 percent of the market in 2002 to nearly 40 percent in 2006. As a percentage of all mortgage-backed securities, private securitization grew from 23 percent in 2003 to 56 percent in 2006.



• After the general election BUT before Bush/Cheney were sworn in I vividly remember Cheney warning of pending recession while Clintoon/GWhore were still doing the PUMP & DUMP on the state of the economy
• GW Bush tax cuts enacted in 2001 & 2003
• GW Bush tax cuts set to expire Dec 31 2012
• Bowles-Simpson formed, AKA - N.C.F.R.R
o First meeting April 2010​
o Despite bipartisan support the plan was scrapped due to fears from both camps (cuts in tax rates/entitlements/social security)​
o Simpson-Bowles was deemed “not serious” by some due to the level of cuts​
• Budget Control act of 2011 (signed into law by Obama August 2011)
o Was an agreement that was part of the Debt Ceiling increase​
o Extended some of GW’s tax cuts​
o Required the formation of the Join Select Committee on Deficit Reduction​
o Option for a balanced budget amendment​
o Increased the debt ceiling immediately by 400 billion​
o An additional 500 billion was put at Obamas disposal​
o The bill directly specified $917 billion of cuts over 10 years in exchange for the initial debt limit increase of $900 billion​
o Created the “SEQUESTRATION” ENFORCEMENT TOOL​
• Budget Sequestration – the “enforcement tool”
o Was originally created in 1985 by Grahamm-Rudmann-Hollings​
o Eventually replaced by PAYGO in 1990​
o Recreated and signed into law as part of the 2011 Budget Controll Act of 2011​
• Effects of Sequestration cuts were headed off :
o From Jan 1 2013 to March 1 by the American taxypayer relief act of 2012​
o Was supposed to be automatic for 1.2 trillion of PRE-identified cuts​
o Would also result in an additional 1.2 trillion of cuts identified by the Joint Select Committee on Deficite Reduction​
• Sequestration transparency act of 2012 was put in place and requires:
o Obama to enact the sequestration / cuts at his discretion of the 1.2 trillion in cuts​
o His words were as follows: "sequestration would be deeply destructive to national security... and core government functions". In a 400 page “memo” to congress​
• The Federal Government shut down on Oct 1 of 2013
o Due to the failure of congress to enact legislation to appropriate funds for 2014 and the federal government was already using “extraordinary measures” to fund daily operations​
o The funding gap was due to the two houses not agreeing on the Continuing Resolution to bridge the funding gap (the Federal Gubment is FLAT BROKE - BUSTED)​
o September 20th the Republican side of the house caved in and put a funding CR forward that the Dems liked​
o The Senate (which includes the turncoat McConnel) stripped out the A.C.A. individual mandate extension and passed the funding CR, the House put the verbiage back in and passed it a second time. The Senate once again removed the A.C.A. verbiage and once again passed the funding CR but the House wouldn’t bite so the Gubment shutdown proceeds (on Oct 1)​
o In parallel the A.C.A.’s October 1 “Exchange” started (well, was supposed to but the wheels fell off the website”​
o Late on October 16th 2013 the House passes a modified version of the funding CR and kicks the can down the road (doesn’t address the debt ceiling increase).​
o The House caved on the verbiage that would push out the INDIVIDUAL MANDATE to Jan 1 2015 from the pending date of Jan 1 2014.​
o The House did put some verbiage into the funding CR for 2014 FY that requires income verification​
• The Senate pulls an END AROUND using HR2775 to get around the requirement that as per the “origination clause”, all revenue bills must originate in the HOUSE and not the SENATE…
o The HR2775 was originally drafted by the house in July 22 of 2013 to ensure that household incomes are verified and requires income verification before subsidies can be granted for health care subsidies​
o The Senate (including turncoat McConnel) added the funding CR to the HR2775 and passed it and sent it back to the House for passage​
o The Senate passed HR2775 81-18 and the house then passed on the same day 285-144 (specifics of these votes are forthcoming)​
• January 15 2014 the funding CR expires
• February 7 2014 is the new DOOMSDAY where the DEBT CEILING will presumably be raised providing plenty of pork for all constituencies
 

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Already miss the 310/562
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Discussion Starter #2
Title should have been "THE TIME LINE to the next FISCAL CLIFF......... Sorry, my mind was a bit fuzzy Friday night.......... :rolleyes:


DOC/GN7/ANYONE ELSE...

I know some of you have a mind like a steel trap and know the details/dates/events around this timeline far far better than I can recall these things... Please chime in and let me know where to make the updates...

P.S. we are at day 24 since the 2014 funding CR was signed by OLAMEO... Any progress from Congress on resolving the DEBT CEILING ISSUE???
 

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Floatin dirty
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Seems like the GOP is content right now to just let ocare crumble and use it for the 2014 elections. Reid and Pelosi are to busy trying to figure out out to clean up obama lies to work on any kind of budget deal right now. I think by mid 2014 there are going to be millions and millions of pissed off sheep. You see cracks in the libby party right now over ocare. Those that are in red states and up for re-election are starting to say some shot about ocare now. Just talk of course but they see the writing on the wall too.
 

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Already miss the 310/562
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Discussion Starter #6
title should have been "the time line to the next fiscal cliff......... Sorry, my mind was a bit fuzzy friday night.......... :rolleyes:


Doc/gn7/anyone else...

i know some of you have a mind like a steel trap and know the details/dates/events around this timeline far far better than i can recall these things... Please chime in and let me know where to make the updates...

p.s. We are at day 28 since the 2014 funding cr was signed by olameo... Any progress from congress on resolving the debt ceiling issue???
^^^ updated
 

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Red Blooded American
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Not only is he a failure at throwing a ball, but he's worthless at kicking the can down the road. He barely moved the can. Everything he touches fails miserably and thrills our resident liberals.

p.s. Should I post up his own quote about raising the debt ceiling again? Naw, I'll wait another month or two.
 

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You see cracks in the libby party right now over ocare.
I'm surprised it lasted this long. I have never seen a party of so many crazies stick together like they have. And after those idiots sold their souls to Obama if I was one of those Dems up for election in 2014 and he threw me under the bus like he has his whole party I would be shouting for the roof tops that I was in a drunken and crack pipe haze and I didn't know what I was doing and denounce the whole thing.
 

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I don't feel tardy
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I'm surprised it lasted this long. I have never seen a party of so many crazies stick together like they have. And after those idiots sold their souls to Obama if I was one of those Dems up for election in 2014 and he threw me under the bus like he has his whole party I would be shouting for the roof tops that I was in a drunken and crack pipe haze and I didn't know what I was doing and denounce the whole thing.[/QUOTE]

If you were one of those Dems up for re-election in 2014, in today's society with the fucked up entitlement hungry voter base we have, that would probably get you re-elected. How many entitlement leaches really care about OUR country or OUR Constitution? Answer, ZERO. :mad:
Fuck them all.
 

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Floatin dirty
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^^^ updated


It is going to be quite interesting. I have to wonder if the GOP will propose a budget that totally defunds ocare now and basically says to the American people "if you like your health plan and want to keep your health plan then let's defund this mofo once and for all". If they propose something that does away with ocare, I have to wonder if some of those libbys that are going to be fighting for their political job life in 2014 over the failure of ocare may start leaning more towards the middle then the far left and may agree to some fair compromises for a change. It would be really interesting if the got a budget through congress somehow that defunded or delayed ocare and then left it to the liar in chief to deal with it. With a veto he all but kills his party due to the imploding mess of ocare.

Then I wonder if this time, since the GOP has now seen the first test of ocare and the reaction of the American people over this disaster, do they now shut the gov down and stand firm till the end to force the ocare issue into the budget agreement? I think they would now get dome serious support for standing up firm against ocare via the government shut down.
 

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It is going to be quite interesting. I have to wonder if the GOP will propose a budget that totally defunds ocare now and basically says to the American people "if you like your health plan and want to keep your health plan then let's defund this mofo once and for all". If they propose something that does away with ocare, I have to wonder if some of those libbys that are going to be fighting for their political job life in 2014 over the failure of ocare may start leaning more towards the middle then the far left and may agree to some fair compromises for a change. It would be really interesting if the got a budget through congress somehow that defunded or delayed ocare and then left it to the liar in chief to deal with it. With a veto he all but kills his party due to the imploding mess of ocare.

Then I wonder if this time, since the GOP has now seen the first test of ocare and the reaction of the American people over this disaster, do they now shut the gov down and stand firm till the end to force the ocare issue into the budget agreement? I think they would now get dome serious support for standing up firm against ocare via the government shut down.
Why just stop at defunding o-care, impeach this prick, we have solid evidence for this action. No good can come from letting him continue his term as pres. Even Biden looks good compared to zero! I mean REALLY is there any doubt to what zeros agenda is, wake the fuck up America and do the right thing NOW! Those that want to protect this liar and chief can go too, this includes Reid and all the rest of his band of crooks! DO IT NOW!!!!!!!!!!!!!!!!! If necessary break out the guns, while you still have them!
 

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Then I wonder if this time, since the GOP has now seen the first test of ocare and the reaction of the American people over this disaster, do they now shut the gov down and stand firm till the end to force the ocare issue into the budget agreement? I think they would now get dome serious support for standing up firm against ocare via the government shut down.


Why just stop at defunding o-care, impeach this prick, we have solid evidence for this action. No good can come from letting him continue his term as pres. Even Biden looks good compared to zero!
The Republican party has a problem that wouldn't allow either of these fine ideas to proceed. It's the moderate, old guard squishes who just happen to be in charge of much of the party's head position's. We saw all the support Cruz and Co. got when they stood up and fought, like many of us wanted I might add. McConnell already said there's no way the party's going anywhere near a government shut down again.

I believe Doc posted up the list of Repub reps that were out actually campaigning against Cruz and Co. Until we replace the McCain's, Graham's, Enzi's, Boehner's i.e. the old guard who are acting and voting RHINO, we will still think showing up to take our beating is somehow noble and adequate. These people have showed me they will back down to keep their jobs V.S. stand and fight risking ridicule and possibly getting replaced. Being allowed in the game is all they want, winning the game well...............let's not get crazy.:)sphss
 

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Floatin dirty
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Why just stop at defunding o-care, impeach this prick, we have solid evidence for this action. No good can come from letting him continue his term as pres. Even Biden looks good compared to zero! I mean REALLY is there any doubt to what zeros agenda is, wake the fuck up America and do the right thing NOW! Those that want to protect this liar and chief can go too, this includes Reid and all the rest of his band of crooks! DO IT NOW!!!!!!!!!!!!!!!!! If necessary break out the guns, while you still have them!

Completely agree, just don't see anyone with balls making it happen. If the GOP can show what an utter failure ocare is and dismantle it or let it implode then they can put a serious road block in front of this dumb ass libby sociialist progressive movement agenda. They can bring the independent sheep back to the GOP side who are not only pissed off with this ocare stuff but also the economy which as done nothing under O's administration.
 

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Floatin dirty
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[/B]



The Republican party has a problem that wouldn't allow either of these fine ideas to proceed. It's the moderate, old guard squishes who just happen to be in charge of much of the party's head position's. We saw all the support Cruz and Co. got when they stood up and fought, like many of us wanted I might add. McConnell already said there's no way the party's going anywhere near a government shut down again.

I believe Doc posted up the list of Repub reps that were out actually campaigning against Cruz and Co. Until we replace the McCain's, Graham's, Enzi's, Boehner's i.e. the old guard who are acting and voting RHINO, we will still think showing up to take our beating is somehow noble and adequate. These people have showed me they will back down to keep their jobs V.S. stand and fight risking ridicule and possibly getting replaced. Being allowed in the game is all they want, winning the game well...............let's not get crazy.:)sphss

Completely agree but I think as more and more sheep start to realize they have been lied to and their middle income lifestyle is going down the tubes they are going to start running back to the GOP side again. Are they going to want the old school moderates there that have been there for decades or are they going to want the Ted Cruz's there with new ideas and fresh approaches while still protecting our consitutional rights? I think the new guys and gals are going to start replacing a lot of these old GOP soon. You see it now with McConnel and a Rep primary challenger in his state. If the GOP does things right and really pulls together as ocare implodes, a lot of the independents are going to come back around and that is key to 2014 and 2016.
 

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Discussion Starter #16
Completely agree, just don't see anyone with balls making it happen. If the GOP can show what an utter failure ocare is and dismantle it or let it implode then they can put a serious road block in front of this dumb ass libby sociialist progressive movement agenda. They can bring the independent sheep back to the GOP side who are not only pissed off with this ocare stuff but also the economy which as done nothing under O's administration.
WHY dont they drive, drive drive home the reality that NOTHING is affordable about A.C.A.???

I would be beating that drum NON STOP...... Premiums UPPPPP, Deductables UPPPPPP....


NOTE: there are 4 legislative days left in NOV and there are only 8 in DEC....

Now, how are they going to get the FISCAL CLIFF headed off before early JAN with so few days???


I didn't see/hear ONE PEEP in todays HOUSE session with regard to THE LOOMING/PENDING CLIFF....
 

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Discussion Starter #17

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I'm surprised it lasted this long. I have never seen a party of so many crazies stick together like they have. And after those idiots sold their souls to Obama if I was one of those Dems up for election in 2014 and he threw me under the bus like he has his whole party I would be shouting for the roof tops that I was in a drunken and crack pipe haze and I didn't know what I was doing and denounce the whole thing.
crazy party.jpg
Hello from socialist germany
 

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Floatin dirty
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House votes to let Americans keep health plans; 39 Dems defy Obama - Washington Times



gotta love how the pussy libbys operate. They can't get off the sinking ocare ship fast enough and are falling over each other now to say they never really liked it and are voting to ammend it to fix the problems. 2 faced libby hypocricy at its finest and the GOP should be on the air 24/7 saying we told you so voer and over and over again. at least as many times as O was on there saying you can keep your plans.
 
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