WHAT?

So let me get this right, we use our money( the tax payers money ) to bail out the banks so that they can loan our money ( the tax payers money ) back to us with 18% to 24% or more persent intrest, Why didn't they just give our money ( the tax payers money ) strait back to us ( the tax payer aka the goverment ) to buy presents, go out to eat and so on to stimulate the economy? Hell the banks arent even loaning the money back for payrole or small buissnes loans there just holding and hoarding it for themselves and it's our money isn't anyone MAD!!! about this.
Then the car companys hold out there hands after they polluted our earth and didnt see the electric or hydrogen car trends. Now they want a bail out. and congress and everyone else but us are making the decisions of what to do with our money , I mean we don't even get a vote.

No votes yet

This "money" is being borrowed against future revenue. This has been going on since Clinton left office, hence the "deficit". The difference is made up with bonds sold against future revenue. Does this sound like a Ponzi scheme or what?

Old South End Broadway

What sounds like a Ponzi scheme is the structure of the Big 3's pension program. Social Security is the ultimate Ponzi scheme.

Still waiting for a coherent sentence from Nate Chan.

The universal solution to social security has always been 1 of 2 solutions.

1. increase the ammount in SS and giving it more of a tax burden on us or

2. cut benefits and raise the collecting age.

The first one rarely gets done because raising taxes don't get politicians elected very often.

The second is inherently racist. Minorities (with exception of asians) don't live as long as white people. In fact last I saw the average black man lives to the age of 57. That doesn't help when the collecting age is being raised to seventy and black people make less money than white people. But no one ever discusses this aspect.

That will be a long wait Brian. However you're not waiting alone.

MikeyA

MikeyA

Yup

But my god is there a lot of stuff people wont talk about or don't want to seem politicaly incorrect about so they just dont say. Like the raises the poloticians get or state workers get and wont take a cut or lower when it hits the fan. Hell on earth, the other day I heard a governer say my state cant affored the payrole, so either we stop public work projects or we cut back on city maintanince but nobody would say the obvious like takeing pay cuts to keep the city running, they the politicions would rather throw the citys and states to the wolfes and into dissrepair than to take a pay cut.

Lobbyists Swarm the Treasury for a Helping of the Bailout Pie.After all, as prove in the bankster bailout deal, these folks (estimated at 40,000 in number) really have more power, pull, and outright influence to peddle than all the taxpayers in America.Un

Never going to happen as long as no one else on this planet talks coherently or makes any sense what so ever also you can't serve two gods it's either god or money.

Lobbyists Swarm the Treasury for a Helping of the Bailout Pie.After all, as prove in the bankster bailout deal, these folks (estimated at 40,000 in number) really have more power, pull, and outright influence to peddle than all the taxpayers in America.Un

...generation. They will not get much out of the kitty. But I still say that the money that we are throwing at stuff like "defense" and "bailouts" will make our great- grandchildren curse our generation. My father fought a war that was paid with deficit spending, and eventually paid back (or at least I think so). The National Debt almost went down while Clinton was in office (a growth of 1/3 of a percent in his last year in office). I know the Republican mantra has been to keep taxes low, and use deficit spending to make up the difference, but there will be hell to pay for the future if this does not work. At some point those buying the bonds are going to catch on that eventually we are going to renege on their payment. It is just a question of when.

Old South End Broadway

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