first ...
then ...
what do you conclude from these two 'coincidental' developments ?
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first ...
then ...
what do you conclude from these two 'coincidental' developments ?
The money is just not going to be there.
There was a report about how the Congress had allocated hundreds of millions of dollars to Katrina clean up and rebuilding but only one million had actually been spent.
The fact is, there just isn't any fucking money.
The funny thing about the economy is that we are quickly being surrounded by so much money and yet there isn't any. Very strange circumstances.
Riots and looting begin in
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yes but did you figure out who will be the 'looted' and who will be the 'looters' ? It would appear that an integral part of Hilary's bailout proposal is to federalize home mortgage / energy / unemployment benefit cost fallout ... meaning that states with the greatest problems in this area i.e. CA, NY, NJ. MI, IL etc. will then receive Federal taxpayer money to offset their disproportionately high state budget problems. This approach of course does nothing to address the root of these states' budget problems, it only spreads the economic consequences of these states' economic and social policies to the taxpayers of other states !
well, arguably that is the outgrowth of recent economic theories that new 'debt' is equivalent to new 'wealth'. Of course that only holds true if that 'debt' can be serviced and rolled over indefinitely, which appears to no longer be possible.Quote:
The fact is, there just isn't any fucking money.
The funny thing about the economy is that we are quickly being surrounded by so much money and yet there isn't any. Very strange circumstances.