finknottle Posted September 23, 2008 Share Posted September 23, 2008 Less discussed amidst the hype over government bailout of the financial industry is a democratic amendment to include a bailout for homeowners. But it gets even better. Apparently there was language inserted to forgive student loans, car loans, and increase personal bankruptcy protection! I am completely pissed. We've already been discussing the issue of 40% of the country paying no income tax, and having that move to a majority under Obama, leaving contributing suckers like me in the minority and vulnerable to the political mob. We just went through one bout of $500 rebates paid for by that elite group, the actual taxpayers, and apparently going to everybody but myself. Now we are talking about another $500 stimulus, which I have no doubt I will pay for but not be eligible for. What is wrong with this country that you penalize good economic behavior? You worry about the future, work 60 hours a week to build up your own stock portfolio so that you don't have to rely on social security, and you learn that your stock-related taxes will shoot up at least 33%. You save your money instead of going on vacation and buying toys so that you can pay off your student loans, pay for your car in cash, and never carry debt... What is your reward? You miss out on debt forgiveness. You just get to be taxed to pay for everybody elses relief. You save your money, buy a modest house than you can safely afford even in a downturn, pay a premium to lock in the rates, and what is your reward for being responsible? You miss all the handouts to the irresponsible. It wouldn't be so bad if the cost of living responsibly didn't mean a life of hard work and frugality, when you could have been living it up. And the fact that it will be the fiscally responsible ones that pay for everybody else - they will contribute nothing - just rubs salt in the wounds. It this really the direction we want the country to go in? Keep taking from anyone stupid enough to save enough money and strive to become become financially secure, and give it to the no-money-down credit-card class? Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted September 23, 2008 Share Posted September 23, 2008 Apparently there was language inserted to forgive student loans, car loans, and increase personal bankruptcy protection! I think I quoted Matthew 20:1-16. So What? They should still give these things and then double the tax on the top teir earners. Get over it, it is part of the "agreement." Link to comment Share on other sites More sharing options...
finknottle Posted September 23, 2008 Author Share Posted September 23, 2008 I think I quoted Matthew 20:1-16. So What? They should still give these things and then double the tax on the top teir earners. Get over it, it is part of the "agreement." Are you saying I should rush out and buy a lamborghini and another house before the legislation is signed?! Link to comment Share on other sites More sharing options...
John Adams Posted September 23, 2008 Share Posted September 23, 2008 I don't mind the 700 billion bailout AS MUCH because it's secured by the property. But all this bull sh-- about forgiving student loans (where do I sign up, whups, I've almost paid mine off, what an idiot I am) makes me nuts. That's just me paying for other people's poor decisions. !@#$ you America. Review this bill when it's over and go out and burn a flag in the street. Link to comment Share on other sites More sharing options...
molson_golden2002 Posted September 23, 2008 Share Posted September 23, 2008 I don't mind the 700 billion bailout AS MUCH because it's secured by the property. But all this bull sh-- about forgiving student loans (where do I sign up, whups, I've almost paid mine off, what an idiot I am) makes me nuts. That's just me paying for other people's poor decisions. !@#$ you America. Review this bill when it's over and go out and burn a flag in the street. Hamilton pissed a lot of people off by paying off the debts of the states when many states had already paid them off. But it worked. There will always be winners and losers, let's just hope this plan works, because if it doesn't......... Link to comment Share on other sites More sharing options...
finknottle Posted September 23, 2008 Author Share Posted September 23, 2008 Hamilton pissed a lot of people off by paying off the debts of the states when many states had already paid them off. But it worked. There will always be winners and losers, let's just hope this plan works, because if it doesn't......... Apparently the losers should be the responsible ones, and the winners the irresponsible. Nice strategy for America. Were these debts because of the Revolutionary War, or because some states had spent all their money buying estates they couldn't afford, fancy carriages, tulips and imported cheese? Link to comment Share on other sites More sharing options...
/dev/null Posted September 23, 2008 Share Posted September 23, 2008 I am completely pissed. We've already been discussing the issue of 40% of the country paying no income tax, and having that move to a majority under Obama, leaving contributing suckers like me in the minority and vulnerable to the political mob. We just went through one bout of $500 rebates paid for by that elite group, the actual taxpayers, and apparently going to everybody but myself. Now we are talking about another $500 stimulus, which I have no doubt I will pay for but not be eligible for. You don't sound very patriotic Link to comment Share on other sites More sharing options...
/dev/null Posted September 23, 2008 Share Posted September 23, 2008 I don't mind the 700 billion bailout AS MUCH because it's secured by the property. So the government can recoup any losses by kicking people out of their homes? Link to comment Share on other sites More sharing options...
John Adams Posted September 23, 2008 Share Posted September 23, 2008 So the government can recoup any losses by kicking people out of their homes? The point is that the value of the 700 billion doesn't go to zero unless property goes to zero. (Or if we do, the GG plan and write the 700bb off.) The odds of the govt holding this property for long are low. It will spin off these loans into the market once it can. Let the private sector kick people out. Link to comment Share on other sites More sharing options...
molson_golden2002 Posted September 23, 2008 Share Posted September 23, 2008 Apparently the losers should be the responsible ones, and the winners the irresponsible. Nice strategy for America. Were these debts because of the Revolutionary War, or because some states had spent all their money buying estates they couldn't afford, fancy carriages, tulips and imported cheese? They were war debt, but that doesn't matter so much. What matters is that Hmilton was trying to create an economy that worked in the same way we are trying to get one fixed. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted September 23, 2008 Share Posted September 23, 2008 Are you saying I should rush out and buy a lamborghini and another house before the legislation is signed?! No. You shouldn't worry what other people are getting. And of course, I should learn that lesson too! Link to comment Share on other sites More sharing options...
SD Jarhead Posted September 23, 2008 Share Posted September 23, 2008 It this really the direction we want the country to go in? Keep taking from anyone stupid enough to save enough money and strive to become become financially secure, and give it to the no-money-down credit-card class? We've got to ensure we don't damage the self esteem of those 'financially challenged' individuals... But hey, what's another $3300 added to the $32,000 every man, women and child owe on our national debt? Dude, that's chump change... But hey, when the Mesiah's elected he's going to give us $1200 FREE from the oil companies! All will be well. Link to comment Share on other sites More sharing options...
YellowLinesandArmadillos Posted September 23, 2008 Share Posted September 23, 2008 Less discussed amidst the hype over government bailout of the financial industry is a democratic amendment to include a bailout for homeowners. But it gets even better. Apparently there was language inserted to forgive student loans, car loans, and increase personal bankruptcy protection! I am completely pissed. We've already been discussing the issue of 40% of the country paying no income tax, and having that move to a majority under Obama, leaving contributing suckers like me in the minority and vulnerable to the political mob. We just went through one bout of $500 rebates paid for by that elite group, the actual taxpayers, and apparently going to everybody but myself. Now we are talking about another $500 stimulus, which I have no doubt I will pay for but not be eligible for. What is wrong with this country that you penalize good economic behavior? You worry about the future, work 60 hours a week to build up your own stock portfolio so that you don't have to rely on social security, and you learn that your stock-related taxes will shoot up at least 33%. You save your money instead of going on vacation and buying toys so that you can pay off your student loans, pay for your car in cash, and never carry debt... What is your reward? You miss out on debt forgiveness. You just get to be taxed to pay for everybody elses relief. You save your money, buy a modest house than you can safely afford even in a downturn, pay a premium to lock in the rates, and what is your reward for being responsible? You miss all the handouts to the irresponsible. It wouldn't be so bad if the cost of living responsibly didn't mean a life of hard work and frugality, when you could have been living it up. And the fact that it will be the fiscally responsible ones that pay for everybody else - they will contribute nothing - just rubs salt in the wounds. It this really the direction we want the country to go in? Keep taking from anyone stupid enough to save enough money and strive to become become financially secure, and give it to the no-money-down credit-card class? Tell that to our wives... Ha agree, but you will never convince the other side of the gender gap. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted September 23, 2008 Share Posted September 23, 2008 But hey, when the Mesiah's elected he's going to give us $1200 FREE from the oil companies! All will be well. That is already happening in Alaska... They get money back... No? Link to comment Share on other sites More sharing options...
bills_fan_in_raleigh Posted September 23, 2008 Share Posted September 23, 2008 But hey, when the Mesiah's elected he's going to give us $1200 FREE from the oil companies! All will be well. I just love this label that Rush and the brainwashed use. Do you folks ever have an independent thought or idea? Link to comment Share on other sites More sharing options...
StupidNation Posted September 23, 2008 Share Posted September 23, 2008 That is already happening in Alaska... They get money back... No? Yes they do. The reality is dropping spending considerably is the only way to change things, as well as telling those who did pay in to SS that they will have to wait longer before they can get benefits because the lazy azzes in the ghettos determined it's much better to get free candy than to work for hamburgers. Really this county has no future. The baby-boomers were the last generation who tried to save consistently as a generation and most of them were fiscal conservatives. The younger generations who are generally more irresponsible have no shot at turning this around. 1989 doesn't seem that far away does it? Wait until China gets their wish they asked for on Monday. The masses will scream "yes" when the time comes just because they were too damn lazy to fix their own laziness to begin with. Link to comment Share on other sites More sharing options...
bills_fan_in_raleigh Posted September 23, 2008 Share Posted September 23, 2008 Really this county has no future. The baby-boomers were the last generation who tried to save consistently as a generation and most of them were fiscal conservatives. The younger generations who are generally more irresponsible have no shot at turning this around. 1989 doesn't seem that far away does it? Wait until China gets their wish they asked for on Monday. The masses will scream "yes" when the time comes just because they were too damn lazy to fix their own laziness to begin with. Fiscal Conservative is there any of them left in Washington or anywhere within the ME generation???? What did China ask for on Monday did I miss something? Link to comment Share on other sites More sharing options...
finknottle Posted September 24, 2008 Author Share Posted September 24, 2008 I just love this label that Rush and the brainwashed use. Do you folks ever have an independent thought or idea? What, you mean 'elected?' Should we be saying annointed or something? Elevated or transcends? Link to comment Share on other sites More sharing options...
StupidNation Posted September 24, 2008 Share Posted September 24, 2008 Fiscal Conservative is there any of them left in Washington or anywhere within the ME generation???? What did China ask for on Monday did I miss something? There is one fiscal conservative: Ron Paul other than that they are just CINOs who think smaller gov't means slowing down the size of gov't, but from 2000-2006 they have no excuses. China asked for a one-world gov't on Monday, or a one-world financial system with new currency to control the world instead of having the US drag the world down. They may get their wish faster than you realize since we owe them big money and in order to get the masses happy they will placate to them like they did with Clinton's plutonium generator he gave them, or the favored nation status we give them with trade with no reciprocity on tariffs thereby increasing our imbalances world-wide. He who controls the money controls the gov't so it's essentially the same thing with a nicer name than One World Gov't. Our version of democracy as a whole is poor form of gov't as people only vote for their wallets and politicians only vote for their wallets in 4 year chunks and don't give a damn about 10, 20, or 30 years down the road. Look at how many "conservatives" vote Republican incumbents in year after year while doing jack for their constituency. Sure they want to lower taxes, but God forbid they lower spending and force true transparency in gov't. Link to comment Share on other sites More sharing options...
Alaska Darin Posted September 24, 2008 Share Posted September 24, 2008 That is already happening in Alaska... They get money back... No? No. Link to comment Share on other sites More sharing options...
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