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    Billion $ Bailout!

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    America's money crisis! What do you guys think?

    I don't know about you guys, but when I was watching it on the news I was surprised!
    Last edited by HeavyComponent; 09-23-2008 at 02:48 PM.
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    America will quickly become similar to a third-world (economy wise) if nothing is done to correct it immediately. Think about it... We WERE the world's power (whether ill-gotten or not...) and now or $ is worth half, or maybe even less than half, of what it was worth. We have already become a larger tourist location just because those from countries whose $ carries more weight find this a place of value. Our education systems are poorly funded (if you're not wealthy) and our teachers are taught just as poorly prior to educating those responsible for our future; healthcare keeps slipping away; We have an ignorant president and what he has reduced us to in the past 8 years is hopefully reversible; NOW, we with all these woes on our homefront, from shore to shore, OUR government (WE run this country but people quickly forget that the power is with the people...), who can't properly suplly the men & women they sent to fight this battle off-shore, can spend BILLIONS (let me put that into prospective - $xxx,000,000,000, lots of zeros behind that comma huh... which, by the way, will end up making our dollar worth even less. Too much in circulation, even if the true circulation is only written) to bail out PRIVATE corporations. Surprised? No, not surprised. Not after our track record throughout the last 8 - 10 years. Scared? Yes. For my future and my family's future. Have I said enough...

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    Its a hard one, the banks need to be bailed out as they have been too greedy and lost a lot of money. This money must come with conditions as the lack of rules is why we are where we are.
    I do think some people should do time for this but we all know that will never happen.

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    Quote Originally Posted by BkLady388 View Post
    America will quickly become similar to a third-world (economy wise) if nothing is done to correct it immediately. Think about it... We WERE the world's power (whether ill-gotten or not...) and now or $ is worth half, or maybe even less than half, of what it was worth. We have already become a larger tourist location just because those from countries whose $ carries more weight find this a place of value. Our education systems are poorly funded (if you're not wealthy) and our teachers are taught just as poorly prior to educating those responsible for our future; healthcare keeps slipping away; We have an ignorant president and what he has reduced us to in the past 8 years is hopefully reversible; NOW, we with all these woes on our homefront, from shore to shore, OUR government (WE run this country but people quickly forget that the power is with the people...), who can't properly suplly the men & women they sent to fight this battle off-shore, can spend BILLIONS (let me put that into prospective - $xxx,000,000,000, lots of zeros behind that comma huh... which, by the way, will end up making our dollar worth even less. Too much in circulation, even if the true circulation is only written) to bail out PRIVATE corporations. Surprised? No, not surprised. Not after our track record throughout the last 8 - 10 years. Scared? Yes. For my future and my family's future. Have I said enough...
    A developed country CAN'T just turn into a 3rd world country that isn't how it works. We have some of the leading steel producers in the USA, just for one example, and even if the dollar depreciates our economy isn't going to just tank like that. We still have a lot of hold over things.

    I'm not sure where you got your info, but the falling of a few financial organizations isn't going to topple the leading superpower on the planet. Our GDP is the highest in the world at $13.5 TRILLION. Yeah, our debt keeps going up but that's pretty much the norm anymore.

    I find the education system subpar, I agree with that. We need to spend more on that. What I don't agree with is billions put into defense. What we spend on defense is NOTHING compared to what we spend on welfare, social security, etc... The welfare category is our highest debt by a longshot.

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    It is going to all hit the floor sooner or later!
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    Quote Originally Posted by gorcorps View Post
    A developed country CAN'T just turn into a 3rd world country that isn't how it works. We have some of the leading steel producers in the USA, just for one example, and even if the dollar depreciates our economy isn't going to just tank like that. We still have a lot of hold over things.

    I'm not sure where you got your info, but the falling of a few financial organizations isn't going to topple the leading superpower on the planet. Our GDP is the highest in the world at $13.5 TRILLION. Yeah, our debt keeps going up but that's pretty much the norm anymore.

    I find the education system subpar, I agree with that. We need to spend more on that. What I don't agree with is billions put into defense. What we spend on defense is NOTHING compared to what we spend on welfare, social security, etc... The welfare category is our highest debt by a longshot.
    Yes I agree my choice of words was strong. I know we can't just do that... But I exaggerated because what is currently going on is no small matter. Welfare is overfunded and overrated. Social Security is suffering right now and from the looks of it for many years to go. Yet politicians pay nothing INTO SS but get to receive. I can't collect until 67 and I'm sure the law will be amended again before that so I'm probably looking more at 72 before full SS will kick in. If not me then the generation below me. We're not growing where we should. If the people of a nation are suffering then the nation itself cannot proper and succeed. Eventually they too will fall. I don't agree with spending billions of defense either. I don't support the theory they used to drive us into this war either. BUt we are a nation built by war and it will surely be what brings us down.
    Last edited by BkLady388; 09-23-2008 at 05:59 PM.

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    Where are we going and why are we in this handbasket?
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    Because they(politicians) don't know nearly as much as they like us to believe!
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    Mmmmm stockmarket in free fall.

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    The last I check it was a little over 700 points. Any stockbrokers jumping out of their buildings yet?

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