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POPSWhy you should care about government debt... so it starts. Congress has spent more money in the past 12 months then EVER has been spent by any Congress. And Pelosi was in charge the entire time. The House, Madam Speakers domain, has produced the largest budgets we have ever seen. And then spent more.
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POPSWhich Major Country goes Bankrupt First? the article is worth skimming over and is a real good indication that Asia isn't as snowed as our citizens. The US would look worse if GDP were more accurately reported, by monthly tax collections/revenues it is way overstated. Want to start a pool?
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POPSUnder Bush, or Obama, the results will be the same 1. If you are unemployed, or lost a substantial part of your income, or being screwed on credit cards, you won't get a modification. 2. If your home has lost too much in value as compared to debt, you won't get a modification. 3. Even if you get it, your odds of defaulting are still better than 50% in most cases. 4. Calling it something else, while doing the exact same thing that has failed twice already, would only work in fairyland. Apparently, we are in fairy land
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POPSFederal Idiocy Strikes Again The IRS is firing their privatized collectors. Makes you think the program wasn't successful. Yet it was. And we think people that make decisions like this with OUR money can fix health care, energy or anything else? Name ONE program the feds operate within a budget that makes sense that produces extraordinary results. Just one. And, I'll have faith in "change". I doubt you can.
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POPSTell me again how the Stimulus is going to work? And please, tell me again how sending more of our debt fueled "spending" to Chinese electronic manufacturers is going to save us? Can ANYONE see reality anymore? Or are we just going to keep playing out the tired old party lines as our once great nation falls? GLOBALIZATION did this to us. NOT subprime mortgages.
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POPSEconomy: How much proof do we need... Iconic glass/china maker Wedgwood is basically bankrupt. Note the number of employees that make living wages (those IN England/Ireland) and those that make pennies an hour/day. Our economy is crashing because over the past couple decades the world's best CUSTOMERS have lost living-wage paying jobs. Our middle class existence has been offshored. Our rich have gotten richer, we have given our futures to third world countries. Jokes on the experts. The world's best customers are unemployed, credit denied and becoming homeless. Buy local, the job you save may be your own
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