June 27, 2003 4.00 July 1, 2004 4.25 August 11, 2004 4.50 September 21, 2004 4.75 November 11, 2004 5.00 December 15, 2004 5.25 February 3, 2005 5.50 March 22, 2005 5.75 May 3, 2005 6.00 June 30, 2005 6.25 August 9, 2005 6.50 September 20, 2005 6.75 November 1, 2005 7.00 December 13, 2005 7.25 January 31, 2006 7.50 March 28, 2006 7.75 May 11, 2006 8.00 June 29, 2006 8.25 September 18, 2007 7.75 October 31, 2007 7.50 December 11, 2007 7.25 January 22, 2008 6.50 January 30, 2008 6.00 March 18, 2008 5.25 April 30, 2008 5.00 October 8, 2008 4.50 October 29, 2008 4.00
On Nov 21, 8:20 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > Actually tax cuts during a time of war AND unchecked spending > with no pay/go legislation excellerated the economic collapse. > > Simple accounting. 1 - 3 = -2 not 2 > > BECAUSE of the deficit this created, we had to borrow money, > and to get other countrys to buy our debt we had to raise > our interest rates so that our Debt could be bought. This however > caused the ARM's in the housing market to go up with each > interest rate increase. > > THIS is why the mortgage market collapsed. > > Without the higher interest rates the mortgage market would have > remained stable. No crash. > > On Nov 21, 11:07 am, KeithInTampa <[EMAIL PROTECTED]> wrote: > > > > > On Nov 21, 1:12 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > Oh and Fannie Mae Freddy Mac are just one link in the overall collapse > > and is actually just a symptom. You do know this? > > ===== > > > Yes, but an important one, in fact the catalyst for the debacle that > > we face now. The tax cuts are immaterial, the crux of the matter is > > that there is way way way too much expenditures by the Congress, > > period. You and I agree upon that aspect of things, and we have > > discussed it before. I adamantly disagree that a tax increase is the > > solution. In fact, I advocate a flat tax, (as in the Fair Tax > > Legislation, which encompasses much more than just a flat tax) > > > I did look at your links, and have read your blog before on occasion. > > > Keith- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
