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Collectively we have been bailing out Wall Street the last 8 years.
Not just Wall Street. The GSEs (John and Jane Mainstreet homeowner) got an over $2 Trillion bailout, and John and Jane Mainstreet's 401Ks, retirement accounts, and pensions got bailed out, as well.
Not just Wall Street. The GSEs (John and Jane Mainstreet homeowner) got an over $2 Trillion bailout, and John and Jane Mainstreet's 401Ks, retirement accounts, and pensions got bailed out, as well.
Including you. You just rail on Wall Street. But hundreds of millions of more people than just Wall Streeters benefited from those bailouts.
Odd how I've complained for years, agreed that housing tax deductions should end and have stated that I understand and supported people's IRA/retirement accounts taking a hit as that is the only way people will learn.
Yeah, well stop spending billions of not trillions trying to fix every nation around the world first...
Then we can talk about what's spent on Americans.
I agree but at the same time stop pandering to underachievers. Underachievement is NOT a badge of honor nor is deepening on someone else to pay more taxes to pay their way.
Since when did getting welfare (living off other people's hard earned money) become a good thing?
Yeah, well stop spending billions of not trillions trying to fix every nation around the world first...
Then we can talk about what's spent on Americans.
This. Especially when the fact is, we spend billions of dollars "rebuilding" countries we bombed the hell out of in MANUFACTURED WARS we chose to wage. Let's not even talk about the astronomical costs of carrying out those wars for more than a decade now, and what those wars will continue to cost us for decades. Why don't you complain about that, OP?
Incidentally, who are the "underachievers" in your eyes, OP? It never seems to amaze me that, here on CD at least, lots of people who condemn other people as "underachievers", "lazy", "unfocused","unambitious", etc, are often not particularly accomplished themselves. Not academically, anyway, which in today's global economy, for good or bad, matters a LOT.
Last edited by newdixiegirl; 04-24-2016 at 10:23 AM..
Actually, spending on maintaining wars/empires in other nations *is* spending on underachievers, in the sense that they are not benefitting Americans themselves in any meaningful way.
Odd how I've complained for years, agreed that housing tax deductions should end and have stated that I understand and supported people's IRA/retirement accounts taking a hit as that is the only way people will learn.
What about the millions of people who would have lost their places to live if the GSEs had NOT received that $2 Trillion bailout?
What about the millions of people who would have lost their places to live if the GSEs had NOT received that $2 Trillion bailout?
The government instituted a program that was suppose to fund a program to keep people in their homes. What it was instead was simply another bail out of the banks. Everyone involved, politicians and bankers alike should have been strung up by their balls and left to hang until rot allowed them to fall.
There were many who lost their homes but never should have. Yes, they lost their good paying jobs (because of the crash). They could have afforded their homes if they could have refinanced at the current low rates but the banks wouldn't do it because they were under water.
Extremely low rates to help the banks were fine, to help others? Screw them, make the taxpayers pick up the pieces.
You don't really expect us to believe that those millions of people are all Wall Streeters, do you?
Are there some that were nothing but ignorant and careless? There were. I'm not going to defend the person who took out three mortgages on their home. No matter what the situation looks like that is a stupid thing to do. What else though? The bank should have NEVER gave them the third mortgage in the first place.
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