Comment #3

AceKicka — Fri, 26 Sep 2008 22:48:50 GMT

I didn't believe back then that it could happen to our great nation but as the years went by I could see where we were slipping. We forgot as a nation & world leader how we became great. You cannot just tear down our factories and ship our jobs overseas and in their place start throwing up mega shopping malls thinking that a "consumer driven" economy will sustain us. That's bull crap! We as a nation have no choice now - THE PIPER IS HERE! We must start almost from s... [ More ]

Comment #2

colthmn — Fri, 26 Sep 2008 21:14:58 GMT

You tooo tuff !!!!

Comment #1

colthmn — Fri, 26 Sep 2008 21:11:27 GMT

You tooo tough!!!!!

Original Blog Entry: More "SHOCK & AWE" 4ya

AceKicka — Fri, 26 Sep 2008 15:00:20 GMT

Here's more SHOCK AWE for ya - Did you know that the House just approved a $630 BILLION spending bill to run the gov through the spring. Let's see...this includes a $25 BILLION loan to the automakers also a record setting $488 BILLION for Defense.

Oh BTW, it's loaded with about 2,500 pet porkers ! Seems to me that they would've cut the PORK out of their diets while they're looking for us to be the guinea pigs in this bailout plan!

Check this out: 700 BILLION in C-Notes weighs about 15 MILLION pounds. And laid end to end in Singles would reach around 70 MILLION MILES - Long enough to reach our neighbor ---- MARS!!

FYI, the $700B figure comes from the same brainiacs that guesstimated that the total damage caused by sub-prime would total a staggering 50-100 BILLION. (OH, IS THAT ALL? I think they were off by just a hair !)

Let's attempt to get a running total of all this liquidity:

700B - Hank/Bush/Wall St Bailout

29B - Bear Stearns (It's contained!)

85B - AIG (where the guy's just sitting 'round thinking about butterflies!)

200B - for the step children Fannie Freddie

150B - for SLIM-ulus checks and let's not forget...

438B - a projected DEFICIT in the Fed's BUDGET for '08.

+____

$1,602 BILLION or 1.6 TRILLION! Didn't they just raise the national debt ceiling a few weeks ago, again? This time it'll have to be adjusted to $11.3 TRILLION, give or take a few bucks! Talk about INFLATION!!

Look at it like this - the national debt will be over 70% GDP. H*ll, the national debt only reached 44% of GDP during the *GDY.

*Great Depression Years

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