HOLLYWOOD
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- Joined
- Nov 29, 2007
- Messages
- 22,314
Brian is a morning regular host on FOX Business... but he's done the public math on government BAILOUTS so far including Discount Window, etc...
(I'm absolutely positive, there's a lot more spent that we can't see, ie FDIC, FOREIGN government BAILOUTS through covert currencies exchanges, etc)
So Far this year:
Bailout/Recovery Receipts: $2.2+ TRILLION
U.S. Income Tax Receipts: $1.1 TRILLION per year
The U.S. Government has spent more money bailing out the FRAUD this year so far, than the next 2 years in Income Tax Receipts!
http://briansullivan.blogs.foxbusiness.com/2008/10/14/the-orgy-of-spending/
Now the Socialists want to spend another $150 BILLION on STIMULUS II package.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/13/MNBJ13G887.DTL&type=politics
There are 21 days until the election but that’s not the greatest countdown in Washington. That is instead the race to see which party can offer the fattest, most careless round of gifts to potential voters ahead of the vote.
It’s been decided the $2 trillion dollar rescue package (click for my math) and the emergency half-percentage-point rate cut weren’t enough.
Do The Math link
We must now potentially have an expensive second stimulus package to help save us from ourselves. Both the Democrats and Republicans have their wish lists at the ready, filled with necessaries such as infrastructure projects, entitlement programs and other “you need this” measures. At least the early take on the Republican proposal includes some tax breaks that may help people keep their jobs. Otherwise even they too are going on a spending spree.
It’s not hard to understand the thinking. Both parties know that whatever destruction they do to the nation’s balance sheet can simply be blamed on “the failed economic policies of the Bush administration.” (How many times have we heard that phrase from either party in the past few months?). And since they have a convenient scapegoat, why not throw everything in the shopping bag? Of course, its the taxpayer that ultimately pays for this. Its a credit card with no limit.
The battle between the two parties for the “customer” in the voting booth is like watching two old, dying retailers across the street from each other engage in a price war that ultimately dooms them both. And while the big sales may be good for the customer in the short term, in the end all we are left with are two empty buildings and an ugly street.
(I'm absolutely positive, there's a lot more spent that we can't see, ie FDIC, FOREIGN government BAILOUTS through covert currencies exchanges, etc)
So Far this year:
Bailout/Recovery Receipts: $2.2+ TRILLION
U.S. Income Tax Receipts: $1.1 TRILLION per year
The U.S. Government has spent more money bailing out the FRAUD this year so far, than the next 2 years in Income Tax Receipts!
http://briansullivan.blogs.foxbusiness.com/2008/10/14/the-orgy-of-spending/
Now the Socialists want to spend another $150 BILLION on STIMULUS II package.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/13/MNBJ13G887.DTL&type=politics
There are 21 days until the election but that’s not the greatest countdown in Washington. That is instead the race to see which party can offer the fattest, most careless round of gifts to potential voters ahead of the vote.
It’s been decided the $2 trillion dollar rescue package (click for my math) and the emergency half-percentage-point rate cut weren’t enough.
Do The Math link
We must now potentially have an expensive second stimulus package to help save us from ourselves. Both the Democrats and Republicans have their wish lists at the ready, filled with necessaries such as infrastructure projects, entitlement programs and other “you need this” measures. At least the early take on the Republican proposal includes some tax breaks that may help people keep their jobs. Otherwise even they too are going on a spending spree.
It’s not hard to understand the thinking. Both parties know that whatever destruction they do to the nation’s balance sheet can simply be blamed on “the failed economic policies of the Bush administration.” (How many times have we heard that phrase from either party in the past few months?). And since they have a convenient scapegoat, why not throw everything in the shopping bag? Of course, its the taxpayer that ultimately pays for this. Its a credit card with no limit.
The battle between the two parties for the “customer” in the voting booth is like watching two old, dying retailers across the street from each other engage in a price war that ultimately dooms them both. And while the big sales may be good for the customer in the short term, in the end all we are left with are two empty buildings and an ugly street.
