Re: OT-Govt bailout of Wall Street

On Sep 19, 10:15 am, Sherry in Vermont <sherr...@xxxxxxxxxxxx> wrote:
On 2008-09-19 10:49:56 -0400, bradgolfid...@xxxxxxxxx said:

Paulson says it will cost "hundreds of billions of dollars"

Which should make it the same amount of the USAs budget shortfall this
year.

I have just one question:

How can you look your kids in the face, knowing that they are going to
be burdened with the mother of all debt/obligations?

It appears the baby boomers are not doing a very good job of leaving
the country in better shape then when they inherited it.

That's what bugs me SO much... a lot of Repubs claim they vote that way
because they want LESS gov't intervention, and lower
taxes/expenditures... how can they NOT SEE that this Republican
administration has been adding more and more gov't intervention and
while they aren't raising taxes, they sure as hell are spending like
crazy... and SOMEONE is going to have to pay for it all. Nope, won't be
us 'cause we'll all be dead of old age - we're leaving this HUGE debt
on our kids and grandkids... and nobody gives a rat's ass!

Appears a good half of the folks who vote in the US don't seem to
understand that "Federal Money" doesn't fall out of the sky - it comes
from OUR wallets. No, not the upper class "highest earners" - they have
all sorts of ways to get out of paying taxes at the rates "middle
America" must pay.

Once again, the rich get richer, and the rest of us carry their fucking
debt-load.

I find it both infuriating and disgusting. How ANYONE could vote for
McCain is totally beyond me. Don't these folks care about the future?

Sherry in Vermont

Lets face it-if you were one of the rich(lets say over $5 million in
assets), it really wont matter what happens to the national economy.
So, if you have no soul and are utterly corrupt, you make your
fourtune on Wall Street and keep most of it in cash-type securities.
No matter what happens, you have plenty to live off of. Plus, it
gives you the chance to buy assets when things get really bad, then
cash in when things get better. Although I wouldnt bet on the "getting
better" part.

Folks, while it is for sure that the Republicans have played the major
role in this fiasco, it appears everyone in Washington who makes laws
and approves spending is to blame. I know that we had a surplus while
Clinton was in office for a few years. I also remember things being
pretty darn good financially during his admin. Sure I paid high taxes,
but who gives a ***? As my lawyer/accountants said at the time "you
should be happy to be paying so much in taxes, your making a lot and
thats why they are high!" (FYI-I was partner in a company that
actually MADE THINGS! Actual physical products we manufactured and
shipped off a loading dock! Imagine that!!! LOL)

It seems the lastest republican scare tactic is to say "Obama is gonna
raise everyones taxes!!!" Well, guess what? Unless Im missing
something, its time to start paying for all the debt and Social
Security/Medicare obligations that are accruing daily! Im fine with an
across the board tax increase(less or none on those making under $75k,
more on those making over $150k), so long as it is accompanied with
spending cuts at the federal level. I guess that all the Republicans
need to do is try to scare folks into thinking they might actually
have to pay for the federal budget to get their votes. Any politician
who says they are going to cut taxes is either insane or lying or
both.

It appears nobody in the USA wants to pay their bills. Everybody wants
it all and isnt willing or able to pay for it. With the fed govt the
biggest debtor the world has ever known!

I repeat-Paulson said the so-called plan is going to cost HUNDREDS OF
BILLIONS OF DOLLARS! So, based on how the govt always underestimates
the cost of most projects, this will probably run over a TRILLION
DOLLARS!!!!! Which is just about equal to the next two years
projected budget shortfalls!

Please, somebody tell me Im nuts(besides my wife) and all this ranting
isnt really how it is. Please.
OY!!!!
.

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