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Far too much truth to be funny

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Far too much truth to be funny

Comments for: Far too much truth to be funny
Mach Report This Comment
Date: October 21, 2009 12:28AM

Damn, we should contribute money and put that on a billboard on the most busy highway in America!
jgoins Report This Comment
Date: October 21, 2009 08:20AM

If we are that far in debt it would have helped the economy better if the money was given to us instead.
SkullandChains Report This Comment
Date: October 21, 2009 09:15AM

Haha! Good one MrKim!
pulse Report This Comment
Date: October 27, 2009 08:24PM

How much was she in debt when Bush left office? It certainly wasn't $0...

Our government spanked $10,000 per person in 'economic boosts' in 3 months, with nothing to show for it. Literally nothing. Gave it away.

They're all the same.
jgoins Report This Comment
Date: October 28, 2009 08:15AM

Bush was only 1 trillion in debt but now Odamna is 12 trillion in debt and rising. You cannot help the nation's economy without helping our personal economy. Giving money to banks and corporations will not do it but giving it to us will. We will spend the money thereby by helping the economy, banks and corporations.
pulse Report This Comment
Date: October 28, 2009 04:49PM

Not in all cases. When you're a net importer, as in Australia, all it means is some of the cash goes into the retail chain, then straight out overseas.

How does that help your economy? The money isn't reinvested back into your own economy. It was a waste.

To put it into perspective, $50bn of it increased our GDP by $6bn.

That sounds like a pretty shit investment to me.

As I said. All the same.

Regarding the US, "Bush was 1 trillion, Obama is 12 trillion" is simply not true.

According to the US Treasury dept, right now the US is $11,901,429,311,747.91 in debt (as of today)

On January 20, 2009 when Obama was sworn in, the US was $10,626,877,048,913.08 in debt.

That's a change of $1,274,552,262,834. NOT 10 trillion.

Interestingly, when Bush was inaugurated on January 20, 2001, the debt was $5,727,776,738,304.64. So he managed to double it in his tenure. When Clinton took office, the debt was $4,188,092,107,183.60.. so in 8 years, Bush increased it by $5 trillion. In 8 years, Clinton increasd it by 1.6 trillion.

See the Treasury Dept debt calculator at []

Edited 2 time(s). Last edit at 28/10/2009 04:53PM by pulse.
fossil_digger Report This Comment
Date: October 28, 2009 04:53PM

debt clock
GAK67 Report This Comment
Date: October 28, 2009 06:44PM

The NZ ski-fields and tourism operators did all-right out of the Aussie 'stimulus package'. thumbs
pulse Report This Comment
Date: October 28, 2009 07:17PM

So did Sony, Panasonic, Fujitsu, Samsung.. in fact anybody who makes large flat screen TVs.
fossil_digger Report This Comment
Date: October 28, 2009 08:03PM

a perfect example of the real meaning of redistibution of wealth. spend those dollars quick before they 'aint worth shit. (*facepalm*)
jgoins Report This Comment
Date: October 29, 2009 06:44AM

At what point will our debt become too large to continue and what becomes of us little people? Who will foreclose on our mortgage and will we have to learn Chinese?
Mrkim Report This Comment
Date: October 30, 2009 11:56PM

I can't say I can make any meaningful comments on any other economies but ours is definitely on the ropes.

Spending our way into increased levels of bankruptcy at a time when financial prudence seems a more reasonable course seems to totally fly in the face of any meaningful path to follow. Increases in the size, scope and as a natural byproduct of all the excess in governance ... OVERALL COST (to the taxpayers I might add) also seems to be total folly at this juncture.

Handing out tanker loads of cash to banking, car companies or any other private organization is constitutionally illegal. The Federal government has NO authority to use tax revenues for these purposes.

Handing over 800 billion to the taxpayers who would then blow it for the most part in supporting the economies of other countries as that's where most of it would actually wind up is not the answer either.

Inroads need to be made in keeping and encouraging economic enterprises within the US, tax incentives for start up capital trade offs, and a serious influx of support for better education would seem to have far better pay offs and certainly beneficial for society as a whole.

Taxing it just so the government can hand it over to failures just makes no fucking sense at all totally
jgoins Report This Comment
Date: October 31, 2009 07:50AM

Handing it over to all adult Americans is a better fit than what they are doing with it now. Some of it might go overseas but purchases would be made from American companies thereby aiding the economy. Even if people bought cars like toyota, the company selling it would be American so a portion of the money would stay here. I believe that most people would spend the money homes and everyday living expenses. If they sent every adult in American $50,000 instead of spending it the way they did, every business in America would benefit.
pulse Report This Comment
Date: October 31, 2009 08:18AM

If you did it that way (give out $50k to everybody and say "go nuts"winking
smiley, then the effect on the economy would be very temporary, and very devestating.

That's the problem. You pump this massive amount of cash into the economy, and everything goes nuts.. prices go up, demand goes up, revenue goes up.. then everybody's spent everything they've got, bought everything they wanted, and the whole chain comes crashing down.

That's simply not the way to do it.
jgoins Report This Comment
Date: November 01, 2009 06:59AM

Well the way they are doing it won't work either so maybe if we had $50,000 we could stock up on supplies and get ready for the disaster that is coming.
pulse Report This Comment
Date: November 02, 2009 06:25AM

Or we could try and manage things in a responsible and reasonable manner, ensuring future success without having to reach for our guns and try and kill our neighbours for food.

Maybe it's just me.

Then again, I don't really like my neighbours..
jgoins Report This Comment
Date: November 02, 2009 06:28AM

I may just come to that but I would rather go to my neighbor's pasture and kill one of his cows.