I need it to stay there until im 26 when its all mine. Then Im going to put it in a box somewhere in my house. Fuck banks
oh? Well, my bet is that there'll be A new currency that'll be issued and the current bill be worthless. Perhaps it'll be tradable but not sure.
It's alright. If we fall into another depression, we can just start a war to bring us out of it again. Oh wait...
Life is harsh and we all will suffer. Its a bitter pill for me to swallow personally because I have a good paying job, no debt and I'm ready to buy my first house yet I live in the most expensive housing market in the US. We need to show the world that the US is fiscally responsible again and that is what the Republicans in the House did yesterday. Throwing money at the problem only numbs the pain that will far be worse in the future.
The US lost 3 trillion dollars yesterday because they wouldnt accept the 700 billion dollar rescue plan.
it went up a little over 200 points after it fell over 700 points (the biggest fall since 2001). its a little bounce back but not much when you look at it EDIT: I was mistaken. it went back up 485 points. it was 200 when i saw it a few hours ago.
http://www.spitsnieuws.nl/archives/buitenland/2008/09/druk_op_vs_opgevoerd.html Hope you can read Dutch Put this in the translator Biljoen is something different than a billion.
I don't know what the math is, but I heard that number elsewhere. I believe each point in the DOW represents a certain dollar value, or there's some formula, or something. But if you know the math, and you know the DOW lost 700 points, then you get 3 trillion
So the Republicans are suddenly heroes when a fiscally irresponsible REPUBLICAN president got us here in the first place? Bush got us here by spending 10 Billion a month in Iraq (on an unnecessary war), and through giving tax breaks to corporations that shipped our jobs overseas, thus losing jobs and killing our economy. So don't feed me that shit, I'm sorry. The GOP are not heroes, and they do not know how to manage the economy. That's why every time a so called "fiscal conservative republican" has been in office, our debt has plunged to record lows. As much as I hated Clinton, he was the only administration of the last two decades that actually left us with a SURPLUS at the end of his presidency. 200 Billion + dollars to be exact. In the past, wars have boosted our economy and created jobs for us here in the states. In this war, we have lost jobs and the place we're at war with is in a 79 billion dollar surplus. 79 billion dollars in the plus. And we're 470+ in the negative. Why don't we take that 10 billion a month away from the war, and start spending it on making this country a better place? There's a novel concept worth discussing.
Okay, I see that now...but still in the year 2001 there was only a deficit of $133 billion. We are now at 470 billion. That is at least double or at times triple/quadruple what the deficit was at any given time during Clinton's two terms as president. He may have left Bush with 133 billion, but Bush added 340 billion to that. It's disgusting.
I know where you're coming from and I agree but to say Clinton ever had a surplus is wrong in the strictest sense of what a surplus is. I'd argue that the surplus he had was based on what Bush had left him thus Clinton having a surplus over Bush.
Well I've never liked the Clinton's and the link there just proves they were as full of shit as I thought they were. That's why I'm voting for Obama and it's also why I'm glad he didn't pick Hillary as his Vice President. Clinton gave Bush a nasty present when he came into office, but Bush's failed economic policies and risky judgment to stay the course in Iraq is what made it worse.
Also, If the Bailout passed. ...Where would that money come from? Also, We're more bound to have a higher deficit over the years and I'm putting money down that the deficit actually... Will not decrese Once Either nominee's are elected. Why? We're borrowing HUGE loans from other countries and yet how are we going to pay them back? The deficit is most likely here to stay and might fluctuate but still be on the rise. Maybe, either nominee will get us into the International Monetary Fund? That wouldn't be good .
You honestly think that this current financial situation is not only Bush's fault but is the product of the silly Iraq conflict? Go do some research on the creation of Fannie Mae and enjoy that snowball of a plan that has resulted in a very bad program for this country. I'm sure you meant record highs here. I've only seen a few numbers but I'm fairly certain you are right. However, there are factors such as tax cuts, defense spending, taxes raised, etc. that effect how a Dem or Rep administration effects the debt. If only man, if only.
For the record, I'm well aware the Clinton surplus only existed when including the public debt, but that wasn't the point of the comic-strip, in my eyes at least.