How does it feel...

[442w30]

To write a check for One Trillion Dollars?











I don't know either, but I guess we'll find out by the end of September.

[nhspike]

Welcome to socialism, brought to you by a few rich fuckers on yachts, and some cynical politicians on both sides of the aisle.

Makes me sick.

[RobRR]

Whats this in refrence to?

[442w30]

The United States has seen the destruction of some of its biggest names in finance, thousands of lost jobs and threats to the stability of the world banking system. All in one week. The losses are staggering, more than $1 trillion in taxpayer dollars pledged by the US government to mop up bad mortgage debt and prop up the financial system.

http://www.fool.com/investing/dividends-income/2008/09/19/the-mother-of-all-mother-of-all-bailouts.aspx?source=ihptclhpb0000001

[RobRR]

Ah, I figured it was about that, but I didnt realize it was in the trillions.

[442w30]

You are right, it is currently estimated at 5-800Billion, on top of the 85Billion earlier this week.
Of course it is actually a blank check for all institutions to bring unwanted/bad debt which I imagine will be much higher

Here's another quote:
"Bloomberg News quoted Barclay's Capital Inc. as saying the United States might have to borrow an extra $700 billion to $1 trillion to fund the rescue of the financial system, including the new plan"

In other words, they don't know yet

They say we owe 9.7 Trillion right now and The Pentagon is spending about $6 billion a month on the war in Iraq, or about $200 million a day, according to the CBO.

[UFORocks]

It makes me ill. My unborn children's children are going to be paying this debt off. Our "leaders" have made a complete and utter mess of this country over the last 10 years. Fucking assholes.

[Razor]

It makes me ill. My unborn children's children are going to be paying this debt off. Our "leaders" have made a complete and utter mess of this country over the last 10 years. Fucking assholes.

Our national debt will never be paid off. It won't go away unless we make the world one big old USA, wipe away our slate and start over. Yeah, I know, when pigs fly. The national indebtedness has been going on for well over ten years.

[442w30]

Our national debt will never be paid off. It won't go away unless we make the world one big old USA, wipe away our slate and start over. Yeah, I know, when pigs fly. The national indebtedness has been going on for well over ten years.

Agreed on all points, but now we either just gave a middle finger to that debt and started writing hot checks for Ferrari's instead of groceries and playstations or we are in a world of taxation hurt with decline or stagnation in services.

[jacksonpc1]

As much as I hate to say it....I don't think things are going to get any better. The bad thing is ...it is all about how much money can "The Man" keep in his own pocket & keep accumulating while the working class gets poorer. It sucks!!!

[Endrik]

I'm sorry for you guys, US is hukklefucked and some people still support war mongers who spend money on pointless shit instead of taking care of their people... I predict americans starting to come back to the old world pretty soon

[GodOfRhythm]

Welcome to socialism, brought to you by a few rich fuckers on yachts, and some cynical politicians on both sides of the aisle.

Makes me sick.

So you want them not to intervene?

[markD]

I'm sorry for you guys, US is hukklefucked and some people still support war mongers who spend money on pointless shit instead of taking care of their people... I predict americans starting to come back to the old world pretty soon

hahahahaha, iam considering coming back to the "old world" as you put it. in MY opinion, the united states is a mere shell of what it once was. i LOVE the idea of the united states, and i am so PRO US that i am beginning to despise what this nation HAS become.....a land of greed, excess, and growing poverty.

[wilkinsi]

Similar shit is happening over here in the UK too. To me, it won't matter where you go. If you're working class, you're fucked.

[DonP]

What did Queensryche say in Operation Mindcrime? Revolution Calling?

Before long the people loosing their houses will be yelling "off with their heads!"