Posted on 09/28/2008 3:53:20 PM PDT by DouglasKC
I've been watching the news the last few days.
It seems that every time this is discussed somebody mentions that it could impede our governments ability to borrow.
Could this be the REAL reason why they're working so hard to pass this bill?
Has the United States been essentially blackmailed by foreign investors who have told us that without this the United States itself is not going to be credit worthy?
That would explain why Democrats are for it. If borrowing is curtailed, then cuts in government spending, real cuts, must be made and that threatens liberal social programs.
How about it? Thoughts? Theories?
We have a winner!!
Relax. Learn Spanish. Think Norte Cuba. Viva Fidel!!!!
I hope so. It might be painful in the short run, but in the long run the government not being able to borrow would be great...if this is really the case.
Yes, revenues would drop and less money for the gov’t to borrow. They’d all be voted out anyway. No matter what happens I still think they all get the axe except those who vote NO.
Yeah upping the debt ceiling from $10 trillion to $11.5 trillion is really going to make our credit look worthy.
The main reason is that they believe Paulson's nightmarish scenario of a global financial meltdown. There are no doubt other reasons as well, none of them good.
As for real cuts in spending, you shouldn't worry too much about that. They can always raise taxes and print more money.
Even with a melt-down it would take Founding-Fathers levels of courage for these losers to step up and do something to get us back on track. This crew will use the resulting troubles to argue for the government to do even more.
Does anyone have statistics about the largest contributors to the bank failures? Home loans, business loans, etc.?
Detailed statistics, not generalities, too.
You would have to work your way through opensecrets.org
The last thing need now are vanities posted in the News/Activism section.
What do you think caused all this. Government has to stop spending
Thanks. Just seems like this could be a shell game. Maybe cover for something else.
RATS will move their constituents into your house before they cut social programs.
Look for huge defense cuts, striping all SS benefits from those with over 200K in annuities, increased taxes, and more government programs.
Sorry, I thought it was appropriate and haven't seen it addressed yet.
They seem SO insistent to pass this based entirely on speculation about what will happen to the economy. There's virtually no debate on this among politicians, though there is in the general public.
It makes sense to me that they know something that they're not saying.
I’m wondering if it’s just one more thing to divide the American people even further.
Look at all the conflicting opinions here.
Some who are against the bailout are getting doom and gloom wished upon them in DU magnitude.
Interesting. A premise worthy of an investigation.
Imagine being a federal bureaucrat and having to make a decision to whom you should send a check. Your choices are a war vet on disability or an illegal alien on house arrest for child molesting.
That would be tough to handle! Whew I’m glad I don’t have that much responsibility!
I don’t understand why they seem to lean to the latter choice.
I'm thinking more along the lines that certain governments stand to lose a lot if the buyout doesn't happen...so they blackmail the government and threaten to cut off funds for our government overspending.
It’s time to unleash ALL our nukes on all the Evil out there that has the annihilation of this country and Israel in mind. If they want Armageddon let them have it. Since Obama and his Nazi Regime is already planing to change this country to an anti-Christian and pro-allah nation by scrapping our military as well as the Constitution, then I say use them or lose them.
Question: Is McCain that level of courage?
“United States been essentially blackmailed by foreign investors”
I’m not sure if it’s blackmail to tell us we aren’t going to be credit worthy, because we probably won’t be, with or without this bailout.
“huge defense cuts, striping all SS benefits from those with over 200K in annuities, increased taxes, and more government programs.”
except for the SS part it sure sounds a lot like Jimmy Carter.
I did not mean to single out you as a vanity poster, it’s just that with all this confusion, vanity posts suddenly littered the place.
That would seem to be obvious, yet while they tell us there's a crisis, they continue to force pork spending, as if everything's fine. It's the same down to the local level.
My city council just got their hands on a $400 Million bond proposal, for "downtown revitalization".
One of these idiots described it as "magical".
No, idiot, it's not "magical". It has to be paid back, plus interest.
Qualification for politician: gift of gab; insane; irresponsible spoiled child.
I don’t think even McCain could do it. It will take a tax payer rebellion to get it done.
I don’t see why the Government would be hampered.
At any time the Federal Government can declare the Federal Reserve Notes printed by a PRIVATE bank as no longer valid and start issuing interest free United State’s Notes from the US Treasury.
Just like they did back in the 1860’s.
TEOTWAKI- I think the best case scenario Rather than a total Lockup collapse is to try and keep things moving through a re inflation strategy.
Bernake supposedly is an expert on the great depression and if you read his theories on the subject, the answer to the problem for the great depression was they just did not print enough money.....
Disposable income for the middle class is nil. This is why Obama wants to tax the upper middle class they are the only ones with money(disposable income) left
Hyper inflation will get people out of debt as they can now pay it off with cheaper dollars ($0.10?) The problem is any saver gets killed as it wipes out all 90% of retirement equity and gas and milk hits $20.00 a gallon.
We are all on the government dole now...
I do not know if it will do any good on my own accountIf they institute capital and currency controls it may not make a difference whatsoever but my money is out of the country in PM and Swiss government bonds.
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