On 05/04/2011 4:33 PM, bob wrote:
On Tue, 5 Apr 2011 14:07:52 -0400, I_am_Tosk
wrote:


Listening to President Obama talk about the budget saying "it could have
been done last month, or two or three months ago". Talk about dumb spin,
it should have been done last year instead of spending the whole year
paying off unions and banks for their votes...

there are no unions in the US

and we made a 20 BILLION profit on TARP...which was actually begun by
bush

but that's OK. rand paul is proposing medicare cuts to fund a 30% tax
cut for the rich

What a load of crap. TARP was 50% forgiven, a HUGE waste of taxpayer
funded debt.

Take GM, Obama used TARP even though it was never meant for corrupt
auto. So far taxpayers haven't seen 10% of it back even with the sale
of GM. And on top of that, taxpayers are hooked with GMAC. And that
AmeriCredit bought for GM, how long will it be in giving no job, bad
credit loans before it too goes belly up like GMAC? 90% of GMs costs of
debt ened up on debt balance sheet of the taxpayer.

But Obama/GM says they paid it off, what a line of BU11SH1T!

Face of the mater is Washington DC is so broke, NOTHING will be spared
in the end. They can ether cut and save some of it, or wait until the
bubble bursts and deal with a currncy depression that makes 1929 look
like a holiday.

Already happening really. If DC doesn't raise interest rates and cut $2
trillion/year in spending...well... not many born today will see the
American dream.

"In Debt We Trust!" isn't going to work. Every country that has ever
tried this has eventually washed into a 20 year depression.