Forum Post: The Debt.
Posted 12 years ago on Jan. 29, 2012, 4:03 p.m. EST by JonFromSLC
(-107)
from West Valley City, UT
This content is user submitted and not an official statement
This is what OWS should be against.
Nope. We should be against the kind of irresponsibility that allowed the accumulation of such debt, starting with Reagan's tax cuts and extending to absolute corporate control of the electoral and legislative process.
how about the 195ish years it took for us to accumulate 1 TRILLION in debt, from Washing to Reagan, then the 30 years hence that we've accumulated 15 more.
Debt to GDP in 1945 was 120%. Debt to GDP in 1980 was around 30% thanks to progressive tax policy. Reagan tripled the debt with massive deficit spending, and it has been downhill ever since.
It's long past time to educate yourself, but that doesn't mean it's too late to start.
what's your point exactly?
Debt is not the problem, it is a symptom of the problem.
We are direct provider for BG/SBLC specifically for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.
contact : Mr Greg Logan Email: greghuynn@gmail.com
BROKERS ARE WELCOME & 100% PROTECTED!!! Intermediaries/Consultants/Bro kers are welcome to bring their clients and cases to our attention and in complete confidence we will work together for the benefits of all parties involve
Regards
Greg Logan
thanks for hijacking my post with your spam.
You are an idiot. Bank Guarantees and Standby Letters of Credit are a commentary on the stupidity of your topic post.
-Good Post- JonFromSLC
::::::::::::::::::::: ¥1,086,000,000,000,000 (Quadrillion) In Debt And Rising ::::::::::::::::::::
::::::::::::::::: And WhyThe ¥ Will Soon Be A $: "A Lost Decade... Or Two" :::::::::::::::::
http://www.zerohedge.com/news/%C2%A51086000000000000-quadrillion-debt-and-rising-and-whythe-%C2%A5-will-soon-be-lost-decade-or-two
-01/26/2012-
Also please Consider: http://occupywallst.org/forum/15oooooooooooo-its-official-total-us-debt-passes-1/
:::::::::::::::::::: Debt Ceiling 101, Rick Santelli Sounds Off ::::::::::::::::::::
(((CNBC News Video))) http://www.zerohedge.com/news/debt-ceiling-101-santelli-sounds
-01/27/2012-
In an effort to reach the angry mob, CNBC's Rick Santelli goes all Sesame Street on the numbers behind the US Debt Ceiling Rise. Focusing for two minutes on what this practically means for every man, woman, child, and politician, the shouting Chicagoan points out that when the US breaches this new limit then the world's entire population will be on the hook for $2,346 each.
(and $52,409 per US person).
taxes run all governments
debt kills all governments.
I don't think most Americans care about the debt. They should. But I don't think even congress really cares about it .
of course they dont, it's been 1000 days since they passed a budget... congress is inept and should be thrown out of office for disobeying their oath.
In the evenings my wife typically watches shows on TV where there is a competition between 3 or 4 people. The winners usually get $20 to $50K. Some even more. At the end of the show the winners are jumping up and down and sometime cry. The host of the shows always ask them, "So what are you going to do with the money?" With tears running down their face they usually say, "Pay off all my loans and debt then maybe go on a vacation." This in almost every show. My question, if nearly every person on TV has a huge debt and are willing to do really stupid things to win and pay down their debt, why are people on here never interested in paying down the $15 Trillion debt that our children will be paying off? Everybody but liberals want to get rid of debt. Why would you want to live your life with huge debts?
Hey neighbor in UT! Was ready to post usdebtclock.org if your post did not have it included. Yes, even famed big time real estate mogul Sam Zell concurs see www.nreionline.com "The era of 'Pretend and Extend' is over!"
Best from Reno, NV