Saturday, January 30th, 2010
is a national debt bailout thingy a good thing or a bad thing?
*Tink* asked:
i have to do a report for a class and i am completly lost
i have to do a report for a class and i am completly lost
2 Responses to “is a national debt bailout thingy a good thing or a bad thing?”
Smartass Says:
February 1st, 2010 at 9:41 am
February 1st, 2010 at 9:41 am
Here’s a start
1. It’s a bad thing, because people who invest irresponsible have to face their own results, if they need money, they need to sell what they have, even if it means losing some
2. It’s a bad thing, because it’s nobody but the investors’ fault they overspent and over lent.
3. The taxpayers, US government and consumers had nothing to do with the malinvestments, yet they are now forced to pay the bill with their tax dollars.
4. The whole trouble is rooted in the bad policy of the Federal Reserve which allows credit to be created at a low interest rate and money to be printed that doesn’t exist. Naturally, we can expect people will spend money they never deserved, and the minute this money stops coming, this is what happens.
5. A bailout is just that, a bailout, letting criminals off the hook and forgiving their crimes. Nobody deserves a bailout, Congress and the President are now calling it a “rescue plan” as if it’s necessary.
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January 30th, 2010 at 3:40 pm
It is a bad thingy.
Until you start hearing the talking heads and those out of touch congressman and congressladies start to mention a thingy call “fractional reserve banking” and it is this little thingy that is causing the huge ******* sound emitting from 23 Wall and has those in the ivory towers of Citigroup practicing graceful swan dive routines you can rest assured that it will reamain a bad thingy.
You see it this fractional reserve thingy and the Federal Reserve Thingy that gives those boys and girls in congress an open checkbook that my boys and girls great great great grand children will still be paying on if this thingy is allowed to continue.
Take that to your teacher and if she tells you I don’t know a thingy find yourself a new teacher.
Best of luck with your report thingy.