The perception of bankruptcy - I think Trump is beginning a change

[Hoonose]

Originally Posted by Student66

Very good comments. Quite often, those who look down on others who have filed bankruptcies, have not been in the same set of circumstances. A married couple loses their jobs. A spouse is then diagnosed with a life threatening disease requiring major expensive surgery, all of the sudden, the couple owes over $100k. What do they do? Get a job and try to pay off the debt in the next 100 years?

Some may say, well, that couple was living beyond their means. Which may or may not be true. But what about the US government? The government does the same thing. And their solution? Cut wasteful spending? Start living within its means? Nope. Print more money and try to tax citizens to bring in more money. Major banks failed and the taxpayer ended up bailing them out. So who bails out the citizen when he or she gets into trouble? Instead of all of us criticizing each other, perhaps citizens could encourage each other and that would rub off on the government so that we all, collectively, can work together to help each other become fiscally responsible. We then could become richer, enjoy life, and be in a good position to help others in need.

I agree. Our central Gov't is sovereign in its/our money, so a comparison to personal or business BK is not a good one. In fact it is a common distraction. TARP cost taxpayers nothing. In fact it reduced our national debt by $15B through profits. The large bulk of the bail was Fed money, not taxpayer money. Just Google '29 trillion'.

Large parts of our middle class are lagging, and could be assisted by central bail. This IMO is the great tragedy, as they will not vote themselves one.

[runswithscissors]

Originally Posted by Pub-911

Know your role. In a representative democracy, the only power that an ordinary citizen actually has comes through the rights of free speech, a free press, and the right peaceably to assemble to seek a redress of grievances. The founders otherwise went to considerable lengths to keep "You, the People" away from the levers of government. That's the shining city on the hill for you.

Well yeah, because the state representatives the people delegate their powers to have to be trustworthy to represent their views - and even Benjamin Franklin said it'd only be a republic as long as the people can keep it.

Back THEN, you couldn't expect the agri farmers etc to be able to all congregate as necessary to represent themselves.

It's the worst best system there is. Or is it best worst system? LOL

Apathy and willful ignorance are the reasons for it's destruction. Allowing the media to just infest their brains. Which, as you know, was supposed to be the segment that constantly questioned and CHALLENGED government.

I mean it's literally laughable and could be a novel or movie.

Here's an example:

One day my local Treasure Coast paper in FL was fawning over Obama's last trip here- literally half the front page above the fold was slobering and drooling "Goodbye Mr President" headline with a GIANT photo as he waved from the plane. Big article recounting his eight years that may have in any way been able to be conflated to our region. "Remember that time Mr President ate an orange? Well that orange was from here!!!!"

Meanwhile, on the side was a hit piece "Trump Held a Volunteer Kick Off and Nobody Showed Up". Then he wrote this big hit on being there and interviewing all these people who weren't even interested in voting Trump but "willing to listen".

Complete LIE. The "kickoff" was the author's neighbor's house that had about 5 other neighbors come over. As a volunteer, I know this to be 100% true.

Just like when Trump announced, our little 1 hour local new magazine on our radio 2x a day had a frequent guest Daniel R. Riche Riverfront Packing Co., LLC on who was supposed to be talking about our citrus problems.

He spent the entire 10 minute segment bashing Trump, saying his clients in Asia were mocking the US yada yada. Meanwhile, they never disclosed he's actually a CITRUS LOBBYIST in DC and on Bush's committees.

The radio host mentioned Bush LOSING $2 BILLION of our surplus by (bribing) incentivising govt funded biotech to come here and Riche just blew it off as a "bad investment" that couldn't be avoided. Which is what made me even think to look him up and it all came together then.

This election has been a non stop onslaught of media mind control.

[toosie]

Closed pending move to other forum.

[Ultrarunner]

I believe the Real Estate Market crash was a game changer as to perception...