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Auto-Trend Repairs and Service Information Forums -> Money, Business, Technology and Politics -> USA is $14 trillion in the hole @ the legal debt limit! Obama says lets give Egypt $1 billion!
Post Info TOPIC: USA is $14 trillion in the hole @ the legal debt limit! Obama says lets give Egypt $1 billion!
SELLC


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USA is $14 trillion in the hole @ the legal debt limit! Obama says lets give Egypt $1 billion!
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I don't know what's wrong with this guy.... Obama suggest forgiving $1 billion in debt for Egypt because they have poor unemployment numbers... Well Mr. Obama might I remind you that the USA has some unemployment problems too and that maybe you should focus on the USA a little more and let the middle east work out their problems.

Things were turning around for Obama when he released his long form birth certificate but we later found out that all the while he was covertly working on a mission to take out Osama Bin Laden so really he knew damn well that the questions about his birth certificate had drug on for far too long. The only carnival that Americans were being distracted by was his failure to address the issue sooner.

With our current national debt at it's cieling of almost $14 and a half trillion dollars I am fed up and tired of hearing ignorant statements by the left that it's "Only" a billion dollars. The current state of things is that he no longer even has a billion dollars to keep his own government afloat.

How are we to help all these middle eastern countries when it's quite obvious that we cant even help ourselves? Do you see China forgiving it's debt to us? HELL NO! They are charging interest!

From what I read in another article we have less than a trillion dollars in gold in our reserves, an amount that even if sold would only keep us running for 3 months. I think it's very plain to see that our debt has gotten out of control and yet the only thing on the Obama Administrations mind is spending more money and increasing an already over-extended national debt.

I'm pretty sure Obama buying off most of the middle east is in an effort to appease them until he can run for re-election, and while I do agree that America needs to fill the current vacuum in the middles east due to all these uprisings I don't feel that throwing money at them is the right solution. What will inevitably happen once we have a President that does put our nation 1st is the money to these middle eastern countries will be cut off and we will be right back where we started.

Obama releasing his birth certificate did not help to improve America, it only put peoples minds at ease. Obama taking out Osama Bin Laden did help Americans put some closure to 9/11 but if does one thing for Americans he will turn around and do a billion things for another nation. Seems to me he is more worried about whats going on in someone else back yard than his own, and while he may be an American with a long form birth certificate his loyalties seem to extend to other nations as he desperately attempts to pull them out of hard times while we continue to sink.

http://www.msnbc.msn.com/id/43086239/



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http://www.commondreams.org/view/2009/01/26-0



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SELLC


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That was not only a low blow... It was low brow!

 



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But it's all true.  I wasn't trying to piss you off with facts, I was trying to educate you with facts.  You have shown some potential for higher understanding recently, and I didn't want you to slip back in to your old ways before you reached your potential.



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SELLC


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So let me get this straight....

You think it's a good idea to forgive $1,000,000,000.00 worth of debt from Egypt? Right now when we are cutting things here at home? Right now when we are technically in default?

Please spread some of that higher understanding towards these issues; would ya?



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I'm indifferent when it comes to giving money to egypt. The point I was making, is there is a very clear reason as to why giving money to Egypt is more difficult for us financially than it really has to be.

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SELLC


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Deja vu?

But this time it's $16.5 Trillion.

THEN

NOW

 



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Yo folks,

Ross Perot for President !!!

Rastus

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Lets raise taxes on corporations and rich people and end the war. Then you'll see the books look better.

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Even if the US seized ALL of the money from ALL the rich people/companies it would only run our government for 6 months! Think about that for a moment.... ALL the wealth of Americas richest companies and people could only buy 6 months of government operation before it would be borrowing once again to stay afloat.

The current "status quo" is unsustainable, yet Obama wants to load up Obamacare on an already sinking ship? WTF?

I agree that ending the war in Afghanistan would save some money, but what about the money spent with Libya, Egypt, Syria, and Obama's latest African Safari black ops missions? Do these operations not cost us money in one way or another?

At the end of the day it all comes down to money. The world could agree to give every person on this planet what amounts to $1,000,000.00 but over time it would come to pass that many, if not most, will have spent it all. At the same time a few would have capitalized on the new money and would hold a majority of it. This would ultimately put us right back where we started or the world would run out of resources causing more war despite everyone having money.

If our richest citizens and companies combined wealth could only afford to run the government for 6 months then that says something is wrong. The Return On Investment for the people that make up this nation is out-of-whack.

If an automaker sold a vehicle to the public and it had as many problems as healthcare.org it would be considered a lemon! Yet everyone is going to be forced to buy insurance because the government set up a website to middle-man the healthcare coverage that Americans are being FORCED to buy!?

 



-- Edited by SELLC on Sunday 13th of October 2013 12:24:36 PM

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Hey folks,

Don't forget that "all" the money in the world "doesn't" really exist...It all seems to be based on Credit & Debt-repayments in the future...For example, typically, Banks will only loan you ( this varies ) the amount of money that they deem appropriate to your gross annual income, & will usually grant you the loan amount to the value of 3-times this income, knowing full well that in 20+years time, they'll get all their money back, plus a healthy bonus for doing so...For example....

$300,000.00 loan amount for a house @ say 6.5% interest over 20 years...

= $559.18 repayment per-week...

= $536,812.00 total re-paid after 20 years...

= $236,812.80 paid in interest alone...

= $246.68 per-week in interest alone that you pay back...

All that I'm trying to say is that the only money that really exists, is what you carry with you in your wallet ! Everything else is based purely on contractual speculation, which is complete bullshit, since when using the example above, I could sell my $300,000.00 house for $325,000.00 in say 5-years time, possibly make a little profit, & move-up the "ladder" a little farther etc etc. I would suggest that what I've just given as a random but honest example, is typical of the movements that your government is doing, ( with other counties of course ), except that there's a much larger amount of zeros in the figures, which means a much larger return when pay-back time comes...The real problem is, when will this "money of the future" run out, & how is its value actually determined ? Once upon a time, it was based / backed on the price of Gold, & how much you actually had of it, but not-so now-days...

Things can change for better or worse in a matter of hours, & generally the only difference between a criminal, & a government official is that government officials don't get caught-out doing their thing too-often. Have no-doubt that they're looking-out for themselves first, but it would be interesting to see how much benefits the people of the USA in the future, as it's very-much in their interest to do so !

Keep on being aware of your governments movements, it might just help to keep them a little-more honest, but quite frankly, it's all bullshit !!! Just another example of them messing-up, so as to keep them in a job to-morrow !

Cheers,

Rastus



-- Edited by Rastus on Monday 14th of October 2013 12:14:22 AM

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