Poll: Which Debt Would You Forgive?

Discussion in 'Economy' started by Mad Scientist, Oct 28, 2011.

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Poll: Which Debt Would You Forgive?

Poll closed Nov 7, 2011.
  1. 1 Trillion Dollars in Student Debt

    6.3%
  2. 16 Trillion Dollars in US Mortgages

    12.5%
  3. 75 Trillion in Bank of America Derivatives

    0 vote(s)
    0.0%
  4. I'm Not Paying Off Anyone Else's Debt!

    81.3%
  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Last edited: Oct 28, 2011
  2. B. Kidd
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    B. Kidd Gold Member

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    Reminder: The FDIC IS the taxpayers!
     
  3. B. Kidd
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    B. Kidd Gold Member

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    Only mentioned the above because there are alot of 'guests' here who do not realize that the FDIC is funded by taxpayers.
     
  4. expat_panama
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    expat_panama Silver Member

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    Typical political poll, only goal here advancing an agenda with poll questions set up to 'prove' a predetermined outcome.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Uh, not really.

    Americans don't want to forgive anyone's student loans or mortgages, but they don't even realize they've already been put on the hook for 75 Trillion by their own treasonous gov't! Americans are debt slaves!

    And they don't even get upset about it.
     
  6. expat_panama
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    expat_panama Silver Member

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    Huh, we were just talking about how--
    In the meantime, my guess it the $75T number came from this source:
    [​IMG]
     
  7. editec
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    editec Mr. Forgot-it-All

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    Which would provide the most economically stimulating bang for the buck?
     
  8. California Girl
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    California Girl BANNED

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    Which is most likely to force Americans to understand that you do not borrow money you cannot afford to pay back? We wouldn't need to 'stimulate' the economy if Americans could behave responsibly.
     
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  9. Divine.Wind
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    Divine.Wind American Moderate Gold Supporting Member Supporting Member

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    We can't/shouldn't legislate telling people how to live, but we also don't need to throw money at them when they screw up. What we can do is tell Congress how to spend our money or, better yet, how not to spend it.

    Our government should be acting in the long term best interests of the nation. Helping extend loans so the owners don't have to default is in our interests, but forgiving debt is not. It rewards bad behavior and we should never, ever do that.
     
  10. expat_panama
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    expat_panama Silver Member

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    Actually, Americans do in fact behave responsibly and they always have. What's going on now is a lack of understanding of just what it means to stimulate.

    It's like most people don't realize that nerves respond to a changing sensation and ignore constant conditions. TARP was a stimulus. Obama's continuaing open-ended spending programs have no affect on the economy other than to force employers to hunker down. The slow recovery were finally beginning to get now is in response to the increasing possibility that the spending will stop.

    Now that would be a stumulus.
     

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