Poverty to hit a record gain

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Heretic
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Poverty to hit a record gain

Post by Heretic »

Yep there will be more people that are poor. What shall they do? Well I guess they will help overwhelm the Governmental programs.


http://www.forbes.com/feeds/ap/2010/09/ ... 20188.html
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CUDA
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Post by CUDA »

don't worry the rich can afford it :)
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Will Robinson
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Post by Will Robinson »

I hope it will change
I hope it will change
I hope it will change
[/me clicks heels together 3 times]
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Post by Krom »

Don't worry, the Democrats and Republicans in Washington have this great plan to make the wealthy even more wealthy that should balance it all out... :P
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TechPro
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Post by TechPro »

Yep, if we keep following President Obama's instructions ... If we keep spending money, pretty soon there won't be any poor.
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Ferno
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Post by Ferno »

Thank you, GM bailout.

Thank you, AIG bailout.
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Post by AlphaDoG »

Don't forget Fannie and Freddy.
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Post by Ferno »

no kidding.

yep, sure was smart to keep crappy companies that couldn't produce anything people wanted propped up.


it'll keep and create jobs, they said.

it'll keep the economy going, they said.



yeah, right.
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null0010
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Re:

Post by null0010 »

Ferno wrote:Thank you, GM bailout.

Thank you, AIG bailout.
Let's see...

TARP cost $700 billion
AIG cost $153 billion
Fannie and Freddie cost $400 billion
GM cost $62 billion (I might be wrong on this one)

That's about 1.3 trillion dollars. TARP is meant to be repaid, the AIG bailout has a rather high interest rate, and the GM bailout may pay for itself, leaving us with $400 billion poured into Fannie and Freddie. Really pales in comparison with the trillion dollars that have no way of being repaid spent on the war on terror since 2001.
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