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Does no-one understand that governments can go bankrupt, too? National debt is $10 trillion, interest on that debt is $580 billion, treasury revenue is $2.6 trillion making interest = 19% of treasury revenue. Increase national debt for bailouts, additional social programs, etc & it won't be long before feds can't make payments. How about telling all the government security holders "sorry, but we can't pay. Come & repossess America".
Comment: #1
Posted by:
Thu Dec 11, 2008 5:44 AM
Taxpayers are worried about their future and their children's future! When the politicians and CEOS continue to spend millions for vacations, trips, gas guzzlers and law enforcement to go along for the ride, it's obvious 'CHANGE' is needed. Is Obama the one to put an end to all this greed and spending? Apparently not, as Taxpayers just paid millions for his Hawaii vacation, and one tends to believe that the only 'CHANGE' Taxpayers will receive is $.02 from our hard-earned dollar!

Bankruptcy is the only choice for these 'greedy, non-caring, lack of common
knowledge, high-dollar fat cats' as without re-organizing, backing up and
thinking for a change, their disasters will put America into Bankruptcy! Then what
happens to America's future?

Government, on all levels, must run like a private business, eliminating jobs,
cutting salaries and freebies, or our children won't have a future!

Bailouts shouldn't be an option for Freddie, Fannie, AIG, Big 3 or anyone else
taking Taxpayers' money! AIG, two weeks after it received $85 billion, senior
executives took a $440,000.00 resort trip. CEO is now taking a $1 a year salary!
Yeah right? He insists on providing $400 million in "retention" bonuses for 2,000
in upper management. On average, that's a $200,000.00 present! Come to think
of it, their lack of common knowledge, greed, and I don't care attitude, helped
promote Nafta and Cafta which wound up eliminating jobs! Even to a dummy,
this means "time to cut production on automobiles, stop building houses, as
people no longer have jobs to pay for anything! Doesn't take a rocket scientist to
figure this out!

Taxpayers will give politicians, CEOS, and other fat cats a couple choices "A
one-way ticket across the ocean with only the clothes on their backs, as their
bank accounts, homes, and anything else of value belongs to Taxpayers and
must be used to pay off trillions of dollars of debt they're sticking Taxpayers
with!" OR, a recent cartoon, put them in state jails (not federal country clubs) and
throw away the keys!

While I'm on a roll,"Why would these high-dollar criminals think they're Royalty?"
You can't make a 'Silk Purse' from a 'Pig's Ear'! They're not as good as the ones
the court system, puts in state jails, daily, for robberies, forgeries, and fraud!



Comment: #2
Posted by: Shirley deLong
Sun Jan 4, 2009 2:26 PM
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