Posted on 09/28/2008 9:46:23 PM PDT by richnwise
The government has just extended it to $11,315,000,000,000 with their new bailout bill they have been feverishly working on. In written form, that is eleven trillion, three hundred fifteen billion dollars. With the population of the United States of America at 301,139,947, we are looking at each person owing $37, 573.90.
When you put it that way, what’s another trillion for the fat (investment) bankers?
Bailout = New Global Warming SCAM
;~)
If I could give them $75,147.80 for the 2 of us and get a guarntee that I would nevwr have to deal with the government again I would give it to them tomorrow!
I think that would be cheap to never have government in my life again.
Of course for that sum they would have to guarntee that it would guarntee state and local government would stay out of my life also.
can I get a 30 year loan on that to pay it back? ;)
The real question is what interest rate the Treasury is going to have to pay to get this bailout money. I’m afraid our debt service payments are going to go through the roof when foreign investors start balking at buying the paper we’re selling. We’re about to see the same ‘adjustment’ to our payment structure that the sub-prime borrowers saw.
$37,000 is more than a year’s income for this household.
Well, yeah. At some point with all of this new currency being printed interest rates will be going up.
“printed interest rates will be going up.”
Good, i’m only making 5% currently!
You know what? I STILL don’t care what it is. Who’s coming to collect? LOL
Seriously though, the good news is that if you look at it as the Government as an individual, that individual is The United States of America, the biggest money making machine in the history of the universe.
Mr. United States of America is a Trillionaire who makes Trillions a year, the problem is he spends like a drunken sailor. If Mrs. US (Sarah Palin, lol) or someone else controls this lunatics spending habits he will be able to pay off his debt and get back in the black because no one makes money like Mr. United States of America.
Nobody worry, China says our credit is still good with them!
All of us who have children need to think very, very hard about how this will affect them. This country is historically and quite literally the shining light in the secular world. If America comes crashing down, who sends the aid to Indonesia after the next Tsunami? Who stops the next hegemonic empire or power hungry dictator? Who sets the standard for safe food and medicine? China? I love this country, and I am worried.
We could pay it down to reasonable level before your grandchildren have to pay the social security of so many if the demcoraps would stop obstructing the utilization of our own natural resources and allow nuclear power plants and free-market technology. But that doesn’t fit with the future picture the dems have for the Republic. By the time your grandchildren are paying the SS, the Republic will be no more and the socialist will manage all lives. Perhaps you’ll be called upon to do your patriotic Pelosi duty and commit sideways, to end SS payments to you in your ‘useless years’.
I agree with you. I didn’t feel like typing all the stuff we COULD and SHOULD be doing because obviously we’re dong none of it with the dems in the way and in charge.
BUT
We have the potential, obviously, release the shackles and Mr. USA can STILL get out of debt and throw around billions like nickels, we know what’s in the way, that’s why we’re on Free Republic.
I would gladly pay my share if the a**holes would leave me alone.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.