3 Simple Questions for Democrats and others who support them today.

[editec]

Franky I am not sure why I waste my time with people sometimes. You People know we can not afford this spend, you just don't give a fuck anymore do you. Sometimes I wonder why I do.

Question for you, Charles.

To whom does the USA owe this staggering sum and where the hell did they get that much money to LEND to us in the FIRST PLACE?

Now I am informed that China owns about two trillion of our government's paper...so there's a big chunk of it, right?

Think through the accounting for a moment and ponder...the US government, and practically every other advanced industrial government on earth are in huge debts to somebody, right?

Astronomical sums, right?

Yeah, okay...where did all that money come from in the first place?

And how is it that in this world is filled with people who work and work and work, people who pay taxes to their governments, and yet still somehow almost as if by magic find that all their governments ( of the people) somehow owe TRILLIONS TO a class of "investors" who were kind enough to LEND US THIS TRILLIONS?!

Something just doesn't add up to me, folks.

I'll leave it to you genuises to explain to me how this shell games works.

Please tell me how it started, and how exactly such a small percentage of people in the world found they had enough resources to LEND the other 99% of us so much damned money.

All I know is that these economic titians certainly must be highly productive and thrifty people.

They somehow miraculously had enough money laying about doing nothing to lend tens of -- probably more like hundreds of TRILLIONS of -- dollars to LEND all the rest of us spendthrifts.

Now I am not a commie, neither do I believe that socialism is the answer...

But still...

..am I the ONLY person here who is having difficulty understanding where these fat cats got all the dough to LEND it to the world's governments?

So who here has got say a $1,000,000 T bill stashed away?

And for the benefit of us fools that don't, would you be kind enough to explain in some detail exactly how you made enough money to have lent it to our government?

 

[wimpy77]

Lending must be off at least somewhat, becuase there's 3 new casino projects by me that have either postponed their construction completely, or postponed a major portion of it. 2 were due to break ground this year, and both are on complete hold indefinitely. The other one, Revelle, has started construction, but all interior work has been put on hold. Reasons given for all of them are 'insufficient financing'.

Casino revenue is way down right now, too. That might be a reason for the lack of financing. If I was a bank, i wouldn't want to risk lending out billions for an industry that's losing that much money either.

what state do you live in? the casino business in north mississippi is still pretty decent and in the couple of months some have actually rehired some of the people they have laid off.

 

[Zoomie1980]

Ok I have 3 very simple questions:

1) How many of you really understand how much 1 Trillion or 10 Trillion dollars is.

I understand how much it is. Do you realize that in our nation's entire history, between George Washington and George W. Bush, we had accumulated $5 billion in debt. George W. Bush managed to DOUBLE it in only 8 years! He had an opportunity to pay it down, as he started his first year with a budget surplus (thanks to Billy)... but instead managed to preside over the 5 highest national deficits in history. Next.



2) If the Democrats maintain or increase their control of the Congress and Obama has 2 terms. In 8 years how much Debt do you believe they will accumulate?

I doubt it will be more than what Bush spent... only this time, it won't be spent on a needless war based on lies.

3) How much Debt is to much? At what point will our Debt load become to much to bare and cause catastrophic Economic and Currency collapse?

It is already too much! But in this case, what other choice is there to repair our economy? This is the emergency that previous Presidents should have been saving for, and Bush should have been more focused on paying down the national debt like Bill Clinton was in his last two years.

Bush didn't accumulate anything, CONGRESS did. Only CONGRESS can spend money. A President is a relatively powerless figurehead.

Obama has increased the debt more in ONE BILL that Bush did for all his EIGHT YEARS! So if it was bad for Bush (who didn't do anything) then it is even worse for this latest no brain President to do so.

 

[Zoomie1980]

Franky I am not sure why I waste my time with people sometimes. You People know we can not afford this spend, you just don't give a fuck anymore do you. Sometimes I wonder why I do.

Question for you, Charles.

To whom does the USA owe this staggering sum and where the hell did they get that much money to LEND to us in the FIRST PLACE?

Now I am informed that China owns about two trillion of our government's paper...so there's a big chunk of it, right?

Think through the accounting for a moment and ponder...the US government, and practically every other advanced industrial government on earth are in huge debts to somebody, right?

Astronomical sums, right?

Yeah, okay...where did all that money come from in the first place?

And how is it that in this world is filled with people who work and work and work, people who pay taxes to their governments, and yet still somehow almost as if by magic find that all their governments ( of the people) somehow owe TRILLIONS TO a class of "investors" who were kind enough to LEND US THIS TRILLIONS?!

Something just doesn't add up to me, folks.

I'll leave it to you genuises to explain to me how this shell games works.

Please tell me how it started, and how exactly such a small percentage of people in the world found they had enough resources to LEND the other 99% of us so much damned money.

All I know is that these economic titians certainly must be highly productive and thrifty people.

They somehow miraculously had enough money laying about doing nothing to lend tens of -- probably more like hundreds of TRILLIONS of -- dollars to LEND all the rest of us spendthrifts.

Now I am not a commie, neither do I believe that socialism is the answer...

But still...

..am I the ONLY person here who is having difficulty understanding where these fat cats got all the dough to LEND it to the world's governments?

So who here has got say a $1,000,000 T bill stashed away?

And for the benefit of us fools that don't, would you be kind enough to explain in some detail exactly how you made enough money to have lent it to our government?

Most the debt holders are the Chinese, Indians, Japan, and the Gulf Oil States. Private monetary/hedge funds own a good chunk of it, too. Individuals own a little. But by-and-large it's the Chinese that buy the bulk of our notes now. But they are largely tapped out. The Treasury is having great difficulty getting the 460 Billion it needs to pay for TARP. I doubt we are going to get to actually DO much stimulus because we are not going to be able to borrow 780 billion any time soon. So a lot of it may have to be delayed, rendering it even more useless than already is.

 

[Charles_Main]

Franky I am not sure why I waste my time with people sometimes. You People know we can not afford this spend, you just don't give a fuck anymore do you. Sometimes I wonder why I do.

Question for you, Charles.

To whom does the USA owe this staggering sum and where the hell did they get that much money to LEND to us in the FIRST PLACE?

Now I am informed that China owns about two trillion of our government's paper...so there's a big chunk of it, right?

Think through the accounting for a moment and ponder...the US government, and practically every other advanced industrial government on earth are in huge debts to somebody, right?

Astronomical sums, right?

Yeah, okay...where did all that money come from in the first place?

And how is it that in this world is filled with people who work and work and work, people who pay taxes to their governments, and yet still somehow almost as if by magic find that all their governments ( of the people) somehow owe TRILLIONS TO a class of "investors" who were kind enough to LEND US THIS TRILLIONS?!

Something just doesn't add up to me, folks.

I'll leave it to you genuises to explain to me how this shell games works.

Please tell me how it started, and how exactly such a small percentage of people in the world found they had enough resources to LEND the other 99% of us so much damned money.

All I know is that these economic titians certainly must be highly productive and thrifty people.

They somehow miraculously had enough money laying about doing nothing to lend tens of -- probably more like hundreds of TRILLIONS of -- dollars to LEND all the rest of us spendthrifts.

Now I am not a commie, neither do I believe that socialism is the answer...

But still...

..am I the ONLY person here who is having difficulty understanding where these fat cats got all the dough to LEND it to the world's governments?

So who here has got say a $1,000,000 T bill stashed away?

And for the benefit of us fools that don't, would you be kind enough to explain in some detail exactly how you made enough money to have lent it to our government?

the Debts is held by all sorts of people and countries. Nobody is buying a 1 trillion dollar anything. It is sold in the form of T Bills. China owns some, as do all sorts of other nations, however last time I checked more than half of it was actually owed to the American People. savings bonds and what not I guess.

However I fail to see your point, real or made up, the Debt is having serious adverse effects on our economy, and adding to it is making it worse.

 

[Charles_Main]

Franky I am not sure why I waste my time with people sometimes. You People know we can not afford this spend, you just don't give a fuck anymore do you. Sometimes I wonder why I do.

Question for you, Charles.

To whom does the USA owe this staggering sum and where the hell did they get that much money to LEND to us in the FIRST PLACE?

Now I am informed that China owns about two trillion of our government's paper...so there's a big chunk of it, right?

Think through the accounting for a moment and ponder...the US government, and practically every other advanced industrial government on earth are in huge debts to somebody, right?

Astronomical sums, right?

Yeah, okay...where did all that money come from in the first place?

And how is it that in this world is filled with people who work and work and work, people who pay taxes to their governments, and yet still somehow almost as if by magic find that all their governments ( of the people) somehow owe TRILLIONS TO a class of "investors" who were kind enough to LEND US THIS TRILLIONS?!

Something just doesn't add up to me, folks.

I'll leave it to you genuises to explain to me how this shell games works.

Please tell me how it started, and how exactly such a small percentage of people in the world found they had enough resources to LEND the other 99% of us so much damned money.

All I know is that these economic titians certainly must be highly productive and thrifty people.

They somehow miraculously had enough money laying about doing nothing to lend tens of -- probably more like hundreds of TRILLIONS of -- dollars to LEND all the rest of us spendthrifts.

Now I am not a commie, neither do I believe that socialism is the answer...

But still...

..am I the ONLY person here who is having difficulty understanding where these fat cats got all the dough to LEND it to the world's governments?

So who here has got say a $1,000,000 T bill stashed away?

And for the benefit of us fools that don't, would you be kind enough to explain in some detail exactly how you made enough money to have lent it to our government?

Most the debt holders are the Chinese, Indians, Japan, and the Gulf Oil States. Private monetary/hedge funds own a good chunk of it, too. Individuals own a little. But by-and-large it's the Chinese that buy the bulk of our notes now. But they are largely tapped out. The Treasury is having great difficulty getting the 460 Billion it needs to pay for TARP. I doubt we are going to get to actually DO much stimulus because we are not going to be able to borrow 780 billion any time soon. So a lot of it may have to be delayed, rendering it even more useless than already is.

I promise you this, if they can't Borrow it, they will simply print it.

 

[RodISHI]

I don't know. All I hear from each side is the same thing: "Dear Government, SAVE US PLEASE". Best get busy saving ourselves, dont you think ?

Want to cure the ills of the banking and lending industry ? Want to do what the government can't and won't ? Want to force the banks to back off risky and predatory lending ? Easy enough. Everyone, take every penny they offer. Don't pay any of it back. Take the money. Why not ? It's our money. Let's see, you're saving a little money at 3 or 4% out of your right pocket. The same people you save with loan you your own money back at 19% out of your left car payment pocket. Out of your rear pocket goes the retirement investments from your paycheck. They just disappeared into the toxic loans made back to your kids over at the university ! Now, to top it all off, let's give these scammers a big ol' chunk of tax revenue so they can loan us some more of our own money, at interest.

Screw them, it's gone on long enough. Too many people getting something for nothing and those welfare checks everyone likes to bitch about aren't a drop in the bucket compared to this epic heist.

The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

"This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.

The thing is when you take the money from a bank, you are actually taking other peoples money, not the bankers money. The banker pays himself first and the investors or people who saved their money second.

 

[Paulie]

Lending must be off at least somewhat, becuase there's 3 new casino projects by me that have either postponed their construction completely, or postponed a major portion of it. 2 were due to break ground this year, and both are on complete hold indefinitely. The other one, Revelle, has started construction, but all interior work has been put on hold. Reasons given for all of them are 'insufficient financing'.

Casino revenue is way down right now, too. That might be a reason for the lack of financing. If I was a bank, i wouldn't want to risk lending out billions for an industry that's losing that much money either.

what state do you live in? the casino business in north mississippi is still pretty decent and in the couple of months some have actually rehired some of the people they have laid off.

Atlantic City, NJ. We're hurting here. This state is in shambles and on the brink of bankruptcy.

Funny how the most liberal states are the ones that are the worst off these days.

 

[Zoom-boing]

Lending must be off at least somewhat, becuase there's 3 new casino projects by me that have either postponed their construction completely, or postponed a major portion of it. 2 were due to break ground this year, and both are on complete hold indefinitely. The other one, Revelle, has started construction, but all interior work has been put on hold. Reasons given for all of them are 'insufficient financing'.

Casino revenue is way down right now, too. That might be a reason for the lack of financing. If I was a bank, i wouldn't want to risk lending out billions for an industry that's losing that much money either.

I guess Ed will have to forgo the extra whiz on his cheesesteak, huh?

 

[Care4all]

Franky I am not sure why I waste my time with people sometimes. You People know we can not afford this spend, you just don't give a fuck anymore do you. Sometimes I wonder why I do.

Question for you, Charles.

To whom does the USA owe this staggering sum and where the hell did they get that much money to LEND to us in the FIRST PLACE?

Now I am informed that China owns about two trillion of our government's paper...so there's a big chunk of it, right?

Think through the accounting for a moment and ponder...the US government, and practically every other advanced industrial government on earth are in huge debts to somebody, right?

Astronomical sums, right?

Yeah, okay...where did all that money come from in the first place?

And how is it that in this world is filled with people who work and work and work, people who pay taxes to their governments, and yet still somehow almost as if by magic find that all their governments ( of the people) somehow owe TRILLIONS TO a class of "investors" who were kind enough to LEND US THIS TRILLIONS?!

Something just doesn't add up to me, folks.

I'll leave it to you genuises to explain to me how this shell games works.

Please tell me how it started, and how exactly such a small percentage of people in the world found they had enough resources to LEND the other 99% of us so much damned money.

All I know is that these economic titians certainly must be highly productive and thrifty people.

They somehow miraculously had enough money laying about doing nothing to lend tens of -- probably more like hundreds of TRILLIONS of -- dollars to LEND all the rest of us spendthrifts.

Now I am not a commie, neither do I believe that socialism is the answer...

But still...

..am I the ONLY person here who is having difficulty understanding where these fat cats got all the dough to LEND it to the world's governments?

So who here has got say a $1,000,000 T bill stashed away?

And for the benefit of us fools that don't, would you be kind enough to explain in some detail exactly how you made enough money to have lent it to our government?

the Debts is held by all sorts of people and countries. Nobody is buying a 1 trillion dollar anything. It is sold in the form of T Bills. China owns some, as do all sorts of other nations, however last time I checked more than half of it was actually owed to the American People. savings bonds and what not I guess.

However I fail to see your point, real or made up, the Debt is having serious adverse effects on our economy, and adding to it is making it worse.

Debt owed to FOREIGNERS or foreign governments like China, is much worse for us than debt owed to OURSELVES.

 

[Annie]

It's not just democrats. We've seen so many hundreds of billion dollars frivolously thrown at this mess the past year, that we're numb to those numbers now.

The government has carte blanche to spend however much it wants because we've been conditioned to accept that much money as being not a big deal.

I agree. I think Tarp I was just getting us used to the extra three zeroes Congress is now playing with.