Poverty to hit a record gain

For discussion of life's issues: current events, social trends and personal opinions.

Moderators: Tunnelcat, Jeff250

Post Reply
Heretic
DBB Admiral
DBB Admiral
Posts: 1449
Joined: Wed Apr 14, 2010 6:54 pm
Location: Why no Krom I didn't know you can have 100 characters in this box.

Poverty to hit a record gain

Post by Heretic »

Yep there will be more people that are poor. What shall they do? Well I guess they will help overwhelm the Governmental programs.


http://www.forbes.com/feeds/ap/2010/09/ ... 20188.html
User avatar
CUDA
DBB Master
DBB Master
Posts: 6482
Joined: Thu Jun 07, 2001 2:01 am
Location: A Conservative Man in the Liberal bastion of the Pacific Northwest. in Oregon City. Oregon

Post by CUDA »

don't worry the rich can afford it :)
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.” 

― Theodore Roosevelt
User avatar
Will Robinson
DBB Grand Master
DBB Grand Master
Posts: 10121
Joined: Tue Mar 07, 2000 3:01 am

Post by Will Robinson »

I hope it will change
I hope it will change
I hope it will change
[/me clicks heels together 3 times]
User avatar
Krom
DBB Database Master
DBB Database Master
Posts: 16059
Joined: Sun Nov 29, 1998 3:01 am
Location: Camping the energy center. BTW, did you know you can have up to 100 characters in this location box?
Contact:

Post by Krom »

Don't worry, the Democrats and Republicans in Washington have this great plan to make the wealthy even more wealthy that should balance it all out... :P
User avatar
TechPro
DBB Admiral
DBB Admiral
Posts: 1520
Joined: Thu May 20, 2004 11:51 pm

Post by TechPro »

Yep, if we keep following President Obama's instructions ... If we keep spending money, pretty soon there won't be any poor.
User avatar
Ferno
DBB Commie Anarchist Thug
DBB Commie Anarchist Thug
Posts: 15036
Joined: Fri Nov 20, 1998 3:01 am

Post by Ferno »

Thank you, GM bailout.

Thank you, AIG bailout.
User avatar
AlphaDoG
DBB Admiral
DBB Admiral
Posts: 1345
Joined: Sun Dec 25, 2005 10:35 am
Location: Mt. Vernon Illinois

Post by AlphaDoG »

Don't forget Fannie and Freddy.
It's never good to wake up in the shrubs naked, you either got way too drunk, or your azz is a werewolf.

Image
User avatar
Ferno
DBB Commie Anarchist Thug
DBB Commie Anarchist Thug
Posts: 15036
Joined: Fri Nov 20, 1998 3:01 am

Post by Ferno »

no kidding.

yep, sure was smart to keep crappy companies that couldn't produce anything people wanted propped up.


it'll keep and create jobs, they said.

it'll keep the economy going, they said.



yeah, right.
User avatar
null0010
DBB Admiral
DBB Admiral
Posts: 1447
Joined: Wed Jul 14, 2010 10:29 am

Re:

Post by null0010 »

Ferno wrote:Thank you, GM bailout.

Thank you, AIG bailout.
Let's see...

TARP cost $700 billion
AIG cost $153 billion
Fannie and Freddie cost $400 billion
GM cost $62 billion (I might be wrong on this one)

That's about 1.3 trillion dollars. TARP is meant to be repaid, the AIG bailout has a rather high interest rate, and the GM bailout may pay for itself, leaving us with $400 billion poured into Fannie and Freddie. Really pales in comparison with the trillion dollars that have no way of being repaid spent on the war on terror since 2001.
Post Reply