Show & Tell: Bailouts for Taxpayers?
Some economists are suggesting massive debt relief for the people is the only way America can get out of this economic situation. Find out what our viewers had to say when we ask if taxpayers should be bailed out from their debts just like the government bailed out the banks? Now, we talked about the Washington disconnect with the Occupy Wall Street movement. Do you think elected officials and politicians should endorse the Occupy Wall Street protests or simply stay out of them?
Show & Tell: Bailouts for Taxpayers?
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Most government agencies could be shut down and it would actually be better for the people. There is so much manpower and materials (money) wasted on things that only self serving bureaucrats could dream up. The Postal Service evolved into a welfare scheme for minorities with inept managers and supervisors that most non-government businesses would not hire or retain. Many other government agencies have similar problems and should be trimmed down or closed. The tax payers are getting screwed.
Do not corrupt the OWS movement, keep the fight going by the people for the people…
im sorry but its your debt, the government shouldn’t be bailing out anyone period. businesses or the people. next time pay with the cash in your pocket instead of this glorified iou system. i dont even have a credit card nor do i want one. all straight up cash buys for me, if i cant afford it then i dont buy it. i dont run to the bank and ask for money and promise to pay it back with money i dont even have.
@885palma agreed
@goonerLIFE1 and Dennis Kucinich
@Phloid82 I remember a statistic that I read. In 1972 one person with a high school diploma had the same real purchasing power from his earnings as 2 people with college degrees by 1992. I knew people that raised families and had all their material needs met by 1 skilled blue-collar wage earner from that era. Since the early 70s, GDP has increased 15 times over. The country as a whole is 15 times richer now. The increases in prosperity went to the richest, while the majority has declined.
As left as I am, I made an agreement to pay back all the money I have borrowed and I want to live up to that agreement. All I want in return is a little slack and understanding when I get laid off or my water heater explodes and I can’t dig up the money this month. Charging me another $35 when I’m late on a payment isn’t helping me get caught up. And I would like to get paid a little more with my two degrees than my dad did in 1985 with his GED. Just saying.
I don’t see it so much as a question of should they endorse OWSor not. What I think would serve them ALL well is to pay attention to the things being said and act accordingly. I think they should choose issues that they can do something about, explain how to fix it, then follow through after election. And if I can get fired from a job for lying on an app then impeachment for not keeping campaign promises should be allowed. Politicians should have to sign performance contracts and be held to them
every politician should stay away except elected officials who have consistently been principled against corporate interference in the government… oh wait that leaves just ron paul .
And where will the government find all that money to bail out tax payers? Either by taxing them back, so no gain there, or by getting the FED to print more dollars, screwing savers over and helping debtors. The first proposal is just silly. The second is downright criminal.
Estimated fortune of the? Rothschilds family who control the world:
$1.9 trillion US (@ 4%)
$7.8 trillion US (@ 5%)
$31.5 trillion US (@ 6%)
$125,189.1 trillion US (@ 7%)
$491,409.0 trillion US (@ 8%)
@BabyButtSmell Good comment, but you left out the one thing they count on most and try hardest to generate - fear.
Debt forgiveness isn’t a new idea. It has happened several times throughout history during bad economic downturns. BUT, it would just end up being another bank giveaway because people would just run back to the same banks who made them debt slaves and do it all over again. We are a consumer crazed society, and without a major tightening of credit availability (you have to be credit worthy to get it), then what is the point of debt relief for the masses?
Politicians stay out of the protests, we don’t want you! News media, cover the protests accurately (no more gotcha interviews) so the word spreads. KTXBI
ANYONE WANTS TO GET BACK THE BANK BAILOUT?
.
AND LET THE BANKS FAIL?
Wow at those three clueless morons! Did you know that 90 percent of your debt that you pay is not owed due to inflation and derivative trading? SMFH
What about cutting military spending, then ending income tax and abolishing the IRS so the country can actually start paying back its debts? Vote Ron Paul!
How about we stick with the game plan to rid the source of the corruption, instead of “buying” us all off.
@badaboomrock The long-term deterioration of freedom has accelerated over the past 10 years. I don’t know the practical answer to it all.
But the people who make the rules in this world are very dependent on the average person’s stupidity, short-sightedness, selfishness, materialism, and cowardice. Without these things, the powerful could not maintain their power. Some individuals might not play into that. But overall, society gets the governance that it is ignorant enough to deserve.
Debt=slavery you can’t pay for anything with debt when you do all you are doing is transfuring real assets to whom the debt is owed. point in question you buy a new car with government debt notes the car now is owned by the government not you because you can not buy any property with debt you have to have an asset of equal value to trade for property to have a buy. the hold system is a scam wake up people we are slaves and slaves don’t have the right to their labor nor own property
@BabyButtSmell I was agreeing with you, no one should have got bailed out, they should have failed, did you not read anything else I wrote? There is a bigger problem going on than banks or slaves passing debt around. They own us get it, you do what master says or he will take away all your toys. Everything you think you own you don’t, look at your car title it is a lease it is a Certificate of title if it was yours you would have the Title. Your house is the same.
@badaboomrock You’re right the Fed is atrocious, the game is rigged in favor of banks. But it is also true that no one can force me take out a home-equity loan; no one can force me to accept a shitty ARM; no one can force me to borrow to buy way more of a home than I need. A lot of people jumped into the debt-game when it served their own hedonism. They thought it was easy money but it wasn’t, and they got burnt. They don’t deserve bailouts any more than the banks deserve it.
@Swidhelm I agree one hundred percent. We should remediate the bank bailout abortion rather than perform another abortion somewhere else.
And here is another conundrum for you the US issue tbills to the FED they print debt notes plus charge interest and then We the people have to work and pay taxes to pay back the debt notes plus interest and we get paid in debt notes where do they get the asset to barrow they don’t we voluntarily give it to them we are the asset our labor so in essence we don’t have the right to our labor the government does. So the government tbills are our labor. We are being bought and sold as slaves.