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dcurrey
Premium Member
join:2004-06-29
Mason, OH

dcurrey to NetAdmin1

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to NetAdmin1

Re: $700 billion could also...

Amazing how the government can't fix roads properly fund schools. Yet suddenly we got plenty of money to give away so they can go on and do it again now knowing the government will bail them out. What a crock. What an example to set.

Dogfather
Premium Member
join:2007-12-26
Laguna Hills, CA

Dogfather

Premium Member

But alas, they DON'T have the money. They have to borrow it and pay interest, blowing our already out of control deficit into the stratosphere.

pnh102
Reptiles Are Cuddly And Pretty
Premium Member
join:2002-05-02
Mount Airy, MD

pnh102

Premium Member

said by Dogfather:

But alas, they DON'T have the money. They have to borrow it and pay interest, blowing our already out of control deficit into the stratosphere.
The government will do what all governments do when they can no longer borrow money.

They will simply print it.
jc10098
join:2002-04-10

jc10098

Member

While devalues the Dollar on the World market, causing massive inflation. Hence the HUGE increases in food prices, oil, and all facets of life in the past 8 years. Bush added 6 trillion to the deficit. It's like the dilemma we're in now. People borrow and don't want to pay back. Doing so means you got bad credit. The U.S. is in so much debt to the world, thanks to Regan, Bush Sr, and Bush Jr, our dollar is a laughing stock about now.

RayW
Premium Member
join:2001-09-01
Layton, UT
·XMission

RayW

Premium Member

said by jc10098:

While devalues the Dollar on the World market, causing massive inflation. Hence the HUGE increases in food prices, oil, and all facets of life in the past 8 years. Bush added 6 trillion to the deficit. It's like the dilemma we're in now. People borrow and don't want to pay back. Doing so means you got bad credit. The U.S. is in so much debt to the world, thanks to Regan, Bush Sr, and Bush Jr, our dollar is a laughing stock about now.
Yeah, and the Democratic controlled house and senate are pushing hard to spend even more to bail their buddies out. Can't win for losing when you are where we are.

The Dems will push the bill through, which has more pork in it now than a pig farm to bribe all the bodies in the house and senate who are up for election, and Bush will eagerly sign it to say that he did something when in reality the problem could have and should have been solved by the legislative branch a couple of years ago. But, hind sight is 20/20, and politicians have rose colored glasses on that have built in holographic projectors so they can ignore reality.
jc10098
join:2002-04-10

jc10098

Member

Democrats tax to pay their way. Republicans Borrow. Taxing pays as you go, but as all politicians do, waste waste waste. Borrowing hurts worse though. It devalues the dollar and raises prices. As anyone can tell you, higher prices are something that stick around. People and companies are not apt to lower things, even if the dollar gets better. Therefore, the Republicans sink us into far worse situations. Not to mention, BLS.Gov shows any time a Republican is in Office, Unemployment SKYROCKETS and the Deficit does too. Don't get me wrong, Democrats suck equally as bad at blowing our money. It's just in such a way it doesn't screw up stuff on a global scale.

RayW
Premium Member
join:2001-09-01
Layton, UT
·XMission

RayW

Premium Member

said by jc10098:

Democrats tax to pay their way. Republicans Borrow. Taxing pays as you go, but as all politicians do, waste waste waste. Borrowing hurts worse though. It devalues the dollar and raises prices. As anyone can tell you, higher prices are something that stick around. People and companies are not apt to lower things, even if the dollar gets better. Therefore, the Republicans sink us into far worse situations. Not to mention, BLS.Gov shows any time a Republican is in Office, Unemployment SKYROCKETS and the Deficit does too. Don't get me wrong, Democrats suck equally as bad at blowing our money. It's just in such a way it doesn't screw up stuff on a global scale.
Or in other words, both parties wind up raising taxes and putting us deeper in debt. Just the order changes and the method used to get there.

What a choice coming up, a 1/4 slaver, 1/2 white boy, 1/4 foreigner who claims to be what he is not and has done nothing on his own and an old crony type who has done a lot, but nothing that people I know in Arizona who think like I do like.

Wish we had None Of The Above on the ballot. That would be my choice since the rest of the pack looks like a bunch of fruitcakes to me and Biden I did not care for when I lived in Texas (Obama is NOT for change picking him!). The only one I do not know about is Palin, and she either walks on water or makes Obama and McCain look good. Kind of hard to tell since the reporting is so partisan twisted and it seems she has cramped her style spouting McCain's party line.
Gogo1
join:2004-05-27
Brooklyn, NY

Gogo1 to jc10098

Member

to jc10098
said by jc10098:

BLS.Gov shows any time a Republican is in Office, Unemployment SKYROCKETS and the Deficit does too. Don't get me wrong, Democrats suck equally as bad at blowing our money. It's just in such a way it doesn't screw up stuff on a global scale.
I think the problem is that the interests of politicians do not align with the interests of the populations/countries as a whole.

The interest of a politician is to get elected in X years time. The interest of a country is to be stable and prosperous over the long term. What a politician needs to do in government to achieve the former, often conflicts with what he needs to do to achieve the later. I wonder which goal these aholes choose.
jc10098
join:2002-04-10

jc10098 to RayW

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Well Palin scares the CRAP out of me. I won't vote for her for all the tea in china. I wish we had OTHER choices between the 2 we got. Being we got 2 choices, I can't give McCain / Palin my vote. I don't much care for Obama and I think Biden is a waste. Being that's basically the rundown, I guess for me it'll be Obama. No 3rd party has won in 120 years. It just doesn't pay to vote for one. Then again, as long as Americans are LAZY and consider the first tues in november (30 percent anyway) their civic duty, it doesn't matter who wins. We are such a lazy bunch of people, that once these idiots get elected, we don't hold them accountable for nothing. Then when things get bad, we whine and go about the same routing every 1-4 years. You'd think we'd learn. We don't.

As for Palin:

Troopergate

Belief that Sex Education is Wrong (prob why her daughter pregnant)

Wanting to fire librarians for REFUSING to ban books while mayor.

Worst of all, while mayor of Wasilla, she enforced a lay that charged women 1000 dollars for rape kits.

She's unconscionable. I hate the other 3 on the list, but she disgusts me.
jc10098

jc10098 to Gogo1

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Interest for them is how long they can stay in office by feeding us enough lies to get elected. All while doing so, they align themselves with special interest groups who them rape this country blind. Got to love our politics. Crooked as shit, and Americans tolerate it.
Skippy25
join:2000-09-13
Hazelwood, MO

Skippy25 to jc10098

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You do realize a vast majority of this problem is the result of the Clinton administration, right?

John Galt6
Forward, March
Premium Member
join:2004-09-30
Happy Camp

John Galt6 to jc10098

Premium Member

to jc10098
I wonder how much we could get for Taiwan...??

pnh102
Reptiles Are Cuddly And Pretty
Premium Member
join:2002-05-02
Mount Airy, MD

1 edit

pnh102 to jc10098

Premium Member

to jc10098
said by jc10098:

Troopergate
So you think cops who taser 10 year old kids, are drunk on the job and make death threats against people should not be fired? Gov. Palin's only fault here was that she didn't have this cop jailed.

»en.wikipedia.org/wiki/Al ··· h_threat
said by jc10098:

Belief that Sex Education is Wrong (prob why her daughter pregnant)
And you know for a fact that her daughter didn't use any form of birth control? No form of birth control, short of spaying or neutering, is 100% effective. The fact remains that had she abstained, she'd not be pregnant. That proves that abstinence works.

Besides, the state of Alaska clearly shows that some schools do require sex education which discusses birth control other than abstinence.

»74.125.45.104/search?q=c ··· =3&gl=us
said by jc10098:

Wanting to fire librarians for REFUSING to ban books while mayor.
Except that it didn't happen. The librarian quit. Big difference. Besides, local libraries are funded by local taxpayers, why is it wrong for the elected officials to present the will of the people when it comes to stocking certain books at a local library? And what's this nonsense about "banning" books. How can anyone ban a book? If your library doesn't stock a book, there's nothing stopping you from going to a bookstore to get it or ordering it online, which you can do at a library, using their computers.

»www.fightthepalinsmears. ··· brarian/
said by jc10098:

Worst of all, while mayor of Wasilla, she enforced a lay that charged women 1000 dollars for rape kits.
Wrong again. The town of Wasilla, like many local governments, attempted to bill the insurance companies of rape victims for the cost of these kits.

»campaignspot.nationalrev ··· ZGEwZDk=

cdru
Go Colts
MVM
join:2003-05-14
Fort Wayne, IN

cdru to Dogfather

MVM

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said by Dogfather:

But alas, they DON'T have the money. They have to borrow it and pay interest, blowing our already out of control deficit into the stratosphere.
AH, what's to worry about. My kids and their eventual kids should be able to pay it off...

CylonRed
MVM
join:2000-07-06
Bloom County

CylonRed to RayW

MVM

to RayW
I believe the Senate is Republican controlled and they are the ones who wanted the bill redone with tax breaks.

RayW
Premium Member
join:2001-09-01
Layton, UT
·XMission

RayW

Premium Member

said by CylonRed:

I believe the Senate is Republican controlled and they are the ones who wanted the bill redone with tax breaks.
Although Dick Chaney is the Senate President, in reality he is only a tie break vote. The President Pro Tempore (the longest serving senator in the majority party) is the one who handles the day to day work of the Senate.

Majority Leader
Harry Reid
Democrat

President Pro Tempore
Robert C. Byrd
Democrat

Assistant Majority Leader
(Democratic Whip)
Richard Durbin
Democrat

Minority Leader
Mitch McConnell
Republican

CylonRed
MVM
join:2000-07-06
Bloom County

1 edit

CylonRed

MVM

Yet it is the Republicans who pretty much voted down the last bill and there was not enough Democrats in the Senate to override. If the Democrats were truly in power the bill would have passed. The Republican's have pretty much forced the tax breaks thru that the Democrats have generally been against. The Republican's in the Senate forced the House to include measures they did not want in the bill. Hardly the Democrats pulling their power against the President or over the Republican's.

If the Democrats pulled all of the strings - the tax breaks would not be in and the last bill would have passed.

The Republican party in all of the things I have seen - took the accolades with defeating the last bailout package.

EDIT - opps - I see I had my the House and senate mixed up - thinking the Senate defeated the first and second legislation when it was the House...

pnh102
Reptiles Are Cuddly And Pretty
Premium Member
join:2002-05-02
Mount Airy, MD

pnh102

Premium Member

Total BS. The Democrat party has majorities in both houses of Congress. If it wanted to, it could vote for the Wall Street welfare queen plan without a single vote from the GOP.
Kommie2 (banned)
join:2003-05-13
united state

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Member

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said by jc10098:

Well Palin scares the CRAP out of me. I won't vote for her for all the tea in china. I wish we had OTHER choices between the 2 we got. Being we got 2 choices, I can't give McCain / Palin my vote. I don't much care for Obama and I think Biden is a waste. Being that's basically the rundown, I guess for me it'll be Obama. No 3rd party has won in 120 years. It just doesn't pay to vote for one.
Well maybe its about time you started voting third party. With cynysim like yours and the propaganda that a third party vote is a wasted vote its no wonder we have a shitty system. If everyone in America who dislikes the bailout votes for the third party we might have real change.

But then again not like our vote matters anyway.
Gogo1
join:2004-05-27
Brooklyn, NY

Gogo1 to jc10098

Member

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Heh. Its no different in my country.

pog4
Premium Member
join:2004-06-03
Kihei, HI

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to pnh102
said by pnh102:

The government will do what all governments do when they can no longer borrow money.

They will simply print it.
At the staggering numbers we're talking about, how far away is hyperinflation? What are good hedges?

For those that don't know...
»en.wikipedia.org/wiki/Hy ··· nflation
The main cause of hyperinflation is a massive and rapid increase in the amount of money, which is not supported by growth in the output of goods and services.

pnh102
Reptiles Are Cuddly And Pretty
Premium Member
join:2002-05-02
Mount Airy, MD

pnh102

Premium Member

Oh, I know it will be horrible in terms of inflation. I was just making it clear that the government will be printing the money as opposed to borrowing it or redistributing tax revenue.