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Bailout To Reach 9.7 Trillion, Enough to Pay Off 90% of All Mortgages

Discussion in 'Political Discussion' started by maverick4, Feb 9, 2009.

  1. maverick4

    maverick4 Banned

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    Bloomberg.com: News

    It's time for a revolution. Is anybody still angry or have we all become desensitized? We could have paid off almost everybody's mortgages with this money, but instead it's going to bail out a bunch of con and scam artists.

    Every single US citizen is now on the hook for over 30K in debt that you, your kids and grand kids will be paying.
  2. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    I'm not desensitized but I've thrown my arms up. I have no interest in my tax money paying off other people's mortgages, end of story.
  3. maverick4

    maverick4 Banned

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    Well since our lawmakers are authorizing nearly 10 TRILLION of money that ultimately must be paid by citizens, I'd much rather have it go back to the people than a small group of lying crooks.
  4. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    I'd prefer it to not be used at all and let the financial system reset. If my stocks go to zero because of that, so be it. Unless we change it to "Life, Liberty, Pursuit of Happiness and a Free House".
  5. maverick4

    maverick4 Banned

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    But we don't have that choice. We are being FORCED to spend 10 trillion. Given the fact that we MUST spend this money, decided by our lawmakers, how would you rather spend the money?
  6. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    If I had $10T that had to be spent ? I'd buy 10 years of our best engineers to get us off of oil forever. Starting with the massive amount of natural gas we're sitting on.

    Regarding your two choices - I would not spend the money on either.
  7. maverick4

    maverick4 Banned

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    I would agree with that. I hate either option. BUT, if we had to spend 10 Trillion and demolish our currency and put future citizens on the hook for massive obligations, I would spend it all on research, science/technology, and energy... instead of the black hole we just put it in and where nobody will benefit from.
  8. Synovia

    Synovia Rookie

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    Why is paying off people's mortgages worse than paying off CEOs? Because thats what we're doing now.
  9. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    Can you read ? I said I support neither.
  10. Synovia

    Synovia Rookie

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    Unfortunately, neither isn't a choice here.
  11. maverick4

    maverick4 Banned

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    Exactly. The biggest outrage is this huge spending isn't even helping 99% of Americans

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