"Vanity and pride are different things, though the words are often used synonymously. A person may be proud without being vain. Pride relates more to our opinion of ourselves, vanity to what we would have others think of us."

Tuesday, April 27, 2010

Economic Stimulus is shifting us from an "economic crisis" to a debt crisis.

let me tell you a secret....


Sen. Ted Kaufman (D-Del.) was virtually unknown until a few months ago. But the debate on financial regulatory reform has turned Kaufman, an appointed senator, into a liberal hero as he seeks to break up the largest banks in the country.

Under his proposal, no bank could hold more than 10 percent of the nation's total deposits, and banks could have liabilities up to only 2 percent of the nation's gross domestic product. Such provisions, he says, would force banks such as Bank of America to shrink.

Come on! Does poor and average American's are so dumb! to notice that. They are not! thou.

The bailout itself has cost billion of dollar from the tax money, our money!

As of 1 April 2010, the Treasury Department spent so far this year $202 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $19 Billion, Education at $53 Billion, and Department of Transportation at $73 Billion.

And here is a great example of Government efficiency in operating a project. And one more. It's going to be much worse this year!

When you buy something, all the companies involved in producing that something and delivering it, were charged a wide range of taxes, and it's part of the cost of everything you buy. The U. S. Leadership is planning to raise all corporate taxes. The price of everything you buy will go up to cover that tax cost increase. You will be paying those corporate taxes!

The "Economic Stimulus" is shifting us from an "economic crisis" to a debt crisis!

Your money is safe in a bank because the bank is able to hire qualified bankers. Don't punish them! Banks DO NOT PAY FEES, ever!!! FEES are cost of business included in price of product; customers pay them.

Business needs stimulation. How to do it? TAX RELIEF! Did the "Jobs Summit" figure this out? NO! Current Congressional actions are impacting the budget in many hidden ways. Even at the State level.

Foreclosure? Short Sale? When a bank accepts less than the original loan value, bail-out money from your pocket pays for someone elses loan!


They all have created a time bomb! as for today,Republicans voted unanimously to block an effort to overhaul financial regulations from reaching the Senate floor, pledging to hold out for significant changes to the bill even as they acknowledged the political risk of appearing to obstruct a popular cause.
Yeah! Thank you for making normal people life chokes and eat our own scum

I give you some figure...

The National Debt is $12.8 Trillion!

1 comment:

Suf n Steve said...

Thanks for ur reading