We are never going to see that money.
I do believe one of the most dangerous, corrosive and destructive aspects of this is the way the bond holders, with legal contracts, simply got stiffed.
If a contract means nothing in this country, then our economy is doomed.
So, they paid off one credit card using another credit card.
I think there's a name for that practice. :^)
Liberals don’t like this math, but they used it first to discredit programs that they didn’t want.
Take the B2 Bomber. We spent $30B to develop it, and then were going to spend something like $500M each to build something like 132 of the planes. Unit cost: $727M each including development, or “$727M each” in Liberal terms.
Then, in two steps, they cut back the order to 20 production planes. Total cost of the program is $40B ($30B for development and $10B for production).
And for the next 10 years, CBS calls it: “The Two Billion Dollar B2 Bomber”, and the liberals whine because each one costs so much.
So it’s fun to hit them back with the same math, although the people doing it likely never did the math for the B2, they just accepted CBS’s word for it.
The Volt only costs $40,000 dollars.
Where the hell am I supposed to get $40,000 dollars to buy a car?
I drive a Toyota I bought used for $17,000 dollars 6 years ago. I cannot even dream of owning a $40,000 dollar car and if I did it would be Lexus,or a Cadillac ,not a Volt.
Damn has anyone seen the price of new full sized Pickup truck lately?
News flash for Slo Joe Biden: Al-Qaeda is alive and GM is dying.
I wish GM would sell a 3500 series extended cab dually with the 8.1 liter Vortec that was discontinued some years ago but now its a multifuel engine, can run on gas or CNG.
I have a 2002 model with that engine, best truck ever, and I may just install my own CNG option, and my own at home natural gas compressor.
But if GM has a new 2014 model with this option I might buy new, if not I’m keeping the 2002, its still very reliable after 10 years.