Why aren't either of the major party candidates talking about it?

"America's out of control, drowning in debt, gorging: $75 trillion and getting worse. Now we're dumping Fannie and Freddie on America's balance sheet. Every year we pile trillions more on future generations."

http://www.marketwatch.com/news/story/story.aspx?guid={1E95D857-7CB8-46AD-B26C-D3732D93FD06}&siteid=rss

its to crushing. and to talk about our national debt does not bring any of us those warm fuzzy feelings. Besides the fact that maybe nobody has a real plan in how to get outta debt. idk
maybe they just dont care and know something that we dont.

I get the feeling that something very big is about to happen. Economic collapse perhaps? How long can these bailouts continue? The government keeps putting bandaids on problems but are not treating the disease.

This bailout of Fannie Mae and Freddie Mac is a good example. They were not regulated strongly enough and made decisions to maximize their profits knowing that the Fed would have to bail them out. Fan & Fred paid lobbyists hundreds of $millions to solicit the protection of conservative legistators from imposing any regulation of their industry.

they pay the interest on the loans with SSI receipts, but keep borrowing more to finance the debt and giveaways and war and entitlements.


In 95, the ceiling for paying into SSI was 60k/yr. Now it is over 100k/yr before SSI is turned off from payroll deuctions. that is a lot of higher taxes snuck in on Americans in the last 13 years.
Thank you Bill Clinton!!!!

approx 50,000 for each man woman and child, at this point to balance that debt.

All because printing money is easier now that the currency is not backed exclusively by gold anymore. There need not be any backing since it is on the 'good faith' of this nation .

The money supplycannot support the federal debt and trade imbalances any other way. It is considered an "investment" by the world in America.

We are teetering on thje brink of a financial collapse due to this deficit spending.

Freddie Mac and Fannie mae just tanked yesterday at the opening bell to the tune of a 85% drop in common stock price to about $.75/share.

Only preferred stock is likely to have any redeemably protected value at this point. The stock for these PRIVATE CORPORATIONS is now primed for speculative buying and profiteering by Wall Street insiders if the fed gets away with piggy backing these two corps. on the back of Ginnie Mae, which is safe at this point and the only truly legaL WAY FOR THE FEDERAL RESERVE to agquire their assets and manage the protfolios.

This move is anticipated to lower mortgage rates and clean up the mess. The mess is plugged into the price of these stocks already, which means defaults will be deep and severe on loans held by these two corporate giants.

But lower rates will only stave off the federal debt for a time.

Principle will still be rolled over in cycles and added to, no doubt.



If the federal government lives within its means, many will lose their government or contracted jobs. 40% of the workforce is dependent on government salaries or salaries generated by government contracts.

The private sector cannot support the whole US economy without government employment under the current trend of deficit spending.

Raising taxes will increase the demands on government spending ad infinitum and either taxes will remain higher to pay for entitlements and free rides through life with cushy jobs and giveaways, or the federal debt will expand further out of control.


The only thing that can realistically solve the indebtedness is dishonoring the money printed and exchanging it for new currency devalued by the losses absorbed by our trading partners in such an event.

Only war or world domination will satisfy American lust for consumer products and natural resources for the raw materials to maintain the American lifestyle as is.


certainly, each man woman and child in this country does not have the cash to balance this debt.

We never will.

This mirage of prosperity and abundance is on borrowed time.

As long as America is militarily stronger than all other nations in the world, nothing is going to change the acceptance of this debt by the world which is "invested" in the US.

That "investment" is holding the US hostage to foreign influence.

Shall we amend the Constitution so that treason is not a legal offence to the nation itself? This is treason. Abrogating the Constitution is treason.

Paying our dues at the UN in full is treason if we fully fund obligations due member naTIONS. The US cannot fully fund US obligations as it is because treason occurs if the US does fund those obligations which abrogate our Constitution. That is why the US does not fully fund all current obligations to that institution.


war?

bankruptcy?

revisionism of Constitutional Law?

or 50 grand from every man woman and child in this nation to pay the debt.

The only plausible answer is the 50k solution.

But then, what would Congress do if it had no debt? create more.

This country is screwed.

We are screwed.

We allowed ourselves to be screwed.

Avarice and greed.


So......

we keep going til it breaks.

Or World Inc. holds the paper.

NWO? likely, kids.

what a sell off of souls wholesale to avarice and greed.

this is the first time in any thread on here that I have seen that ive seen somebody post about the NWO.
people hint around it and talk about conspiracies and stuff.
BUT..unless i missed it, never seen a post about the NWO.

no comment back please.
Im just sayin.
good post

Here are some financial headlines just from today...

• Wall Street ends down 280 on concerns over Lehman
• Lehman stock plunges as Street waits for next move
• Pending home sales fall 3.2 percent
• Billions to be shared by Enron shareholders
• Estimates say fed budget deficit nearing $407B
• Congress weighs the fate of Fannie, Freddie
• Fed auctions another $25 billion in loans to banks

I think wouldee maybe a little way out there on this one.

I see the crunch.

McCain will be no help on this one, he wants to continue the war 100 years or more and war with more countries so no relief there.

People do not realize how much this effects us. Oh to have Bill Clinton back in office, we sure were doing better with him.

Dragoness.

Clinton raised taxes two very pertinent ways that affected the movers and shakers of the upper middle class, dear.

Half of the country had no clue.

The other half was fuming mad.

First, he raised the ceiling on SSi contributions from a wage limit of 60k/yr to 93k/yr.

that little move raised revenue by 150% in the last year alone for the feds to earmark for whatever they wanted. they spent it on who knows what.

Second, he authorized the taxing of stock options which lead to the crash of tech stocks because of the flood of shares being exercised just to pay the tax due on stock options.
Historically, stock options are only taxed when they are exercised and actually bought.

that little sleight of hand snuck up on all as unsuspecting and everyone holding stock options from their empployer had to pay the tax. That caused everyone to borrow to purchase the shares, pay the tax, and then reinvest the remaindder elsewhere.

Typically, that fueled the housing boom in price hikes beyong rational values.

In California, houses that cost 250k in 96 were selling for 600K or better by 2001.

By 2006 they were selling for 1.5 million.

At present, prices on homes in California are lower by 30% or more from those levels.




That little move made the revenue from taxes jump a whopping amount and the little guys never knew it. That money is gone now.

but the tax law remains. bye bye stock options as a carrot for joining a growing firm.


Those two little tricks by sleight of hand adversely affected the economy and contributed to the shrinking money supply.


But you will never figure that out judging by your emotional response to the days when Clinton's games didn't have their full effect yet realized.


However, half of us do realize the effects of the left when in executive position.

They tank economies.

This is Clinton's mess.

Carter's mess is another story, but similar.


We will fix it.


nobama 2008.

What a bad joke...