Comments on: Is Soaring Debt The Lesser Of Two Evils?

Some Economists Say Any Ill Effects Stemming From Massive Bailout Better Than The Alternative

[seedobecome]

EVENTUALLY the bill will come due including the taxpayers cost of borrowing. My worry is WHO WILL BUY THE DEBT and will that debt have close to the same VALUE as it has today? The buyer could be China, Russia, $Dubai$, Finland, or another large economy. Will the U.S. government be forced to liquidate at reduced prices resulting further devaluation of the Homeland? Where does the buck stop? Harry Truman is dead so keep looking, parsing, defining, and changing direction, hats, nuance, minds. What is is, depending on perspective.

[gramto8]

If people can''''t even afford a cheap house, where are all these people supposed to live? On the street? In caves? Under bridges? There aren''''t enough caves, for crying out loud! It''''s all fine and good for Mr. Richman to babble on about "the american dream", but what good is that when you can''''t even even afford BASIC housing and essentials?

I think it''''s about time that WE ALL ( and this includes the wealthy too! ) started living by the mantra, "Live simply so others can simply Live"

Thoughts?

Posted by Demongirl60 at 09:19 AM : Sep 21, 2008

I''m so glad someone is thinking about the ones that are being hurt the most in this fiasco. If this works the same as when a car is repossessed, even though these people lose their homes, they will still have to pay these banks for the difference between what was owed and what was received in auction. This figured INCLUDES all interest to the end of the original loan term. With trying to pay this, these folks are not going to be able to afford to rent a house, apartment, or even a broken-down rotting trailer.

If Congress doesn''t put some sort of fix in the bill to prevent this from occurring, these folks are going to be hurting more than we can possibly imagine. If left to the banks, you know they will do all they can to gouge them for all the blood they can get.

[txgrouch2006]

It is REALLY SAD that while we are facing the next Great Depression square in the face, some idiots here are STILL making jokes about Palin''s prom date.

GROW UP!!!

[txgrouch2006]

As the most dominant empire since Roman times, America has helped to bring great wealth and prosperity to the world...
Posted by Hacker11001 at 07:59 AM : Sep 21, 2008

Yes, we have. Prosperity to the world, to the fat cats, to the members of our government - but they FORGOT to give any of that prosperity to US, THE WORKERS WHO PRODUCED THAT PROSPERITY FOR THEM.

Now the middle class is getting TRAMPLED by those who enjoy prosperity at our expense, and they say

THANKS, SUCKERRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!

[summerrunner]

Why the bailout at all? Let them crash and burn. There must be consequences for those who acted recklessly. "Main Street" already has built-in protections. It appears that neither OSambo nor McKKKain want to upset their greedy friends and lose their campaign contributions. We have reached the summit, and America is falling faster than our forefathers were able to build it. It wasn%u2019t the religious nuts in the Mid-East that caused this problem, it was our religious nuts who gave us Reagan and Bush and their asinine market philosophy%u2026and 60% of electorate now favor Sara Palin as VP %u2013 Give us a break!

[helanwate]

When the presidential debates are held, I hope that each candidate "has to" answer the question that is directly posited to him; what he would do about a situation that a president presides over. Neither should be allowed to comment on what the OTHER GUY would do, to misdirect attention from the question. Debates are to gain insight and perspective, and to allow the people to best decide who they would vote for to run our country. There should be a rule on the presidential debates that their "turn to speak" is forfeited whenever they mention the other guy''s name.
The next four years are going to be directed by what one of these guys does. He should be able to tell us what he''d do. Only then can we best decide which candidate fits our mold of a good leader for our country through the next four years. I want to know that I will cast my vote for the best man running.

If we want one-sided opinions, we can watch or read the news media. AND...I don''t need a moderator to tell me what he thought I heard each debater say.

[rayhoskins-2009]

Paulson, the treasury secretary has been speaking for years about issues like this, and his boss and congress have done nothing prior to this crisis to address things.

I wonder what has happened to our ability to become enraged as an electorate. This might be a necessary evil, but this administration and the legislatures have made us the largest debtor nation in the world in less than eight years and we will continue to transfer our money overseas to buy oil because there has been no action on energy, except for helping the friends of the President make money.

[rayhoskins-2009]

Paulson, the treasury secretary has been speaking for years about issues like this, and his boss and congress have done nothing prior to this crisis to address things.

I wonder what has happened to our ability to become enraged as an electorate. This might be a necessary evil, but this administration and the legislatures have made us the largest debtor nation in the world in less than eight years and we will continue to transfer our money overseas to buy oil because there has been no action on energy, except for helping the friends of the President make money.

[wl7bzh]

The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore,cargoes of gold, silver, precious stones and perils; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; cargoes of cinnamon and spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour and wheat; cattle and sheep; horses and carriages; and bodies and souls of men.

Revelation 18:11%u201313

Posted by Hacker11001 at 08:00 AM : Sep 21, 2008


Scuse me hacker. But didn''t Babylon the Great ****** in Revelation get "utterly burned by fire" rather than an economic collapse?

[pirmin3]

"and his prom date, Caribou Barbie"

Too funny. I laughed till my side hurt. Good one.

[lewiston14]

"It''''s OK - just don''''t be surprised when taxes have to jump way up to cover this. There is no free lunch. tmn123

Let is rise 200 percent with everybody allready tapped out it will just bring on more loss. Many have given up to the fact what they have or had will be gone if they dont hide it.

[radiob2]

Is it too late to short the American Dream?


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Posted by ubrew12 at 07:55 AM

Both political parties through free trade agreements beginning in the the mid 70 ties did that and now here we are.

[jmurrieta11]

We have had a dynasty of Bushes and Clintons for the last 20 years. Both royal families have produced massive bubble bursts.

Time to end the Bush / Clinton era. Get rid of Bush and don''t bring in Bush Jr. McClone or Bush Baby.

Obama was right to exclude the Clintons from his administration. If Hillary had ever had the guts to divorce the Head Horndog, it would be different. But she sucked up the humiliation to keep the power. Had she been VP, the Head Horndog would have been hovering in the wings constantly.

A fresh wind blows away the stink of the Bush / Clinton years.

[lewiston14]

I look forward to buying a $100 house. No school tax as I have no kids and really dont care about somebody elses. $100 house is worth $100 so I guess I can squeese out a couple 2% of a $100 is $2 dollars. for a county tax. Like I said this is where it is headed.

[tmn]

It''s OK - just don''t be surprised when taxes have to jump way up to cover this. There is no free lunch.

[skyk239]

As the most dominant empire since Roman times, America has helped to bring great wealth and prosperity to the world...

Posted by Hacker11001 at 07:59 AM : Sep 21, 2008

Uh Huh! That''s a fact Jack! There are at LEAST 50 Families on my street alone that have seen THEIR Jobs help bring that "Wealth" to the World. Problem? The Wealth brought to the UNITED STATES went to Sleazy CEO''s and NOT to any of the Workers who lost their jobs. OVER 600,000 jobs lost under these criminals...

[lewiston14]

Thats the way its headed. With out constant care these places will crumble. What are they going to do then? Ask the house how well its doing with the foundation expanding and contracting for a few years with out heat. No stable foundation makes it worthless. Will the banks work with anybody NOPE so let somebody else eat it. YOU

[ubrew12]

The GOP philosophy: Privatize the profits, socialize the losses.

[ubrew12]

radiob2 said: "just wait until the moratorium on short selling by the SEC ends."

Is it too late to short the American Dream?

[radiob2]

Those who wish to make this entirely political better wake up and realize that both parties are responsible for this mess, it has slowly escalated until this crisis and just wait until the moratorium on short selling by the SEC ends. If the economic data is not encouraging then the markets will crash again. I see no immediate uptick in the next 30 days ( short selling a stock is inside of a 30 day time frame) so all of the short sellers will sell, the puts which are bets that a stock will go lower will be exercised and the market will crash all over again.