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Forums - General - Guess How Much The Bailouts Really Cost..........$12.8 Trillion!!!

MontanaHatchet said:
Yeah, a revolt would do wonders. The government usually listens to their citizens right? So either we're stuck with massive spending and peacefulness or massive spending and chaos. I choose the former.

And let's not fool ourselves to believing that we could ever pay off the debt in the first place. If this country cared about its debt, Reagan wouldn't have gotten a second term.

No truer words have ever been spoken.

And you guys know that almost all of this money will be paid back with interest right?



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Galaki said:
It's easy to blame 1 person.

I think it's the entire top of the food chain is corrupted.
Only way to fix that is a revolution or fire them all.

I have already thought about this for some time. The idea I have will never garner mainstream support though. Get a bill(or just massive public support) that requires all incumbents of Congress to step out of office for at least one term. After that they can run again. Two to four years ought to be enough to change things up, whether it is for the better though... only the people who get elected could say. Then again... Term limits would help a great deal as well.

edit: 1500 posts now. Glad it was something worth while.

That's a whole lot of coins!




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The only saving grace is that figure is what's been budgeted. It's not how much we have given out yet. Let's hope people wise up and don't spend everything they are allowed to.

I am not holding my breath.



TheRealMafoo said:
The only saving grace is that figure is what's been budgeted. It's not how much we have given out yet. Let's hope people wise up and don't spend everything they are allowed to.

I am not holding my breath.

 

 I wouldn't either, I just hope that my country (Canada) doesn't pull the same crap on us.



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The government should just give us all $40,000, I'm sure no one would angry about that. :)



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We will suffer in the end due to these greedy bankers.  How can the bailout help? people still have the debt and no jobs, house prices are still out of the range of low earners.  And all these bonuses bosses are getting makes me so angry



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canch said:

And all these bonuses bosses are getting makes me so angry

 

If you want change, do something about it. Whining about it like the rest of us won't change anything.



canch said:

How can the bailout help? people still have the debt and no jobs, house prices are still out of the range of low earners.

Yea, I agree. It's why I have been against the bailouts from day one.

 

canch said:

And all these bonuses bosses are getting makes me so angry


I wouldn't let that get to you. The government put a cap on how much CEO's can get paid, just like in sports when they put a cap on team salaries. The way both groups get around it, is bonuses.

So if CEO Bob was going to go work for some private company, like Ford, he would make, say, 5 million a year (no clue, just making up numbers).

if a financial institution wants CEO Bob, he is now competing with companies that are allowed to pay him a lot more. So, they pay him 1 million with a 4 million dollar bonus. Now he makes the same at both companies (and it's legal).

If a year into the Ford job, he sucks and gets fired, you don't go and take the money you paid him back, and yet for some reason when you pay that same salary in one lump sum and call it a bonus, the government thinks it's theirs.

Also, in the grand scheme of things, the money these CEO's make is nothing. It has absolutely nothing to do with the problem. We have congressmen spending days trying to get this 165 million back, when thy are spending trillions on bailouts.



To expand on my last post, and to put it into perspective the amount of money we are talking about, let's think of a trillion as $100.

Go turn that money into pennies, now you have 10,000 pennies. Think of how big a stack of ten thousand pennies is. If that stack represented 1 trillion dollars, each penny would represent 100 million dollars.

Now realize that the government has said they are going to give 12 stacks of those away, but is going to spend days trying to get less then two pennies back. This is the definition of retarded.