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qh4dotcom
07-25-2008, 12:00 PM
Just got this e-mail from the Bob Barr campaign. I thought it was worth posting here.


You may have heard or read media reports about actions yesterday in Congress to deal with the housing debt crisis and to bail out two private lenders known as Freddie Mac and Fannie Mae.

The bill passed the House of Representatives and will be taken up in the Senate and once through that pork factory, President Bush has said he will sign it. If I were your President I would veto it so fast, heads would spin.

The bill - and that's exactly what it is - is a bill you are going to be expected to pay! It's for an estimated $400,000,000,000. That is, of course, $400 Billion that we don't have, so more borrowing is ahead. Your share of this expense? About $1,300.

And that's on top of the more than $31,000 you already owe!

In 2001, the national debt crossed $6 Trillion. Today, it is closing in on $10 Trillion. Our debt is growing faster than at any time in our nation's history and there is no end in sight.

Yesterday I issued a statement to the media blasting their actions. Today I ask your help in getting out the message that President Bush and Senators Obama and McCain are wrong for bankrupting our future with more and more debt.

First I ask that you forward this email to as many of your friends as possible. The average American doesn't understand what's going on. They have a sincere, but misguided, desire to help people less fortunate than themselves at this time of economic crisis. But this bailout only rewards people who made bad decisions and bails out those who profited from them.

Second, please consider a campaign contribution to help fund our daily operations. Your gift of $5 or as much as the legal limit of $2,300 will make a difference.

I thank you for your consideration.

Sincerely,

Bob Barr

Truth Warrior
07-25-2008, 12:09 PM
Not my debt. Send my allocation to the voters. :p

qh4dotcom
07-25-2008, 12:15 PM
Not my debt. Send my allocation to the voters. :p

If you pay taxes, unfortunately it's your debt as well as every American's debt...unfortunately your tax dollars will be wasted to pay the debt, interest on the debt, etc....unfortunately it's your present or future children's debt, family's debt, and present or future grandchildren's debt too. I don't like it either so until a liberty minded candidate is elected I am planning to stay in the lower income tax brackets so I can be responsible for less of this debt.

SnappleLlama
07-25-2008, 12:15 PM
Your share of the national debt is about to go up, so please make a donation!!

LOL...

Truth Warrior
07-25-2008, 12:20 PM
If you pay taxes, it's your debt as well as every American's debt...your tax dollars will be used to pay the debt, interest on the debt, etc....it's your present or future children's debt, family's debt, and present or future grandchildren's debt too.

I pay the EXTORTION (taxes) under duress and the threat of violence against me. Just like from the OTHER criminals.

BTW, thanks for the tyranny too. :p

qh4dotcom
07-25-2008, 12:28 PM
I pay the EXTORTION (taxes) under duress and the threat of violence against me. Just like from the OTHER criminals.

BTW, thanks for the tyranny too. :p

I apologize for the tyranny...I edited the thread above as I didn't mean to sound like the tyrants of the government.

Truth Warrior
07-25-2008, 12:37 PM
I apologize for the tyranny...I edited the thread above as I didn't mean to sound like the tyrants of the government.

Thanks for the apology. :)

No problem. ;) It's tough to escape the programming psyops jargon.

oilboiler
07-25-2008, 03:14 PM
By Joseph Stiglitz
July 24 2008 18:25


We should not be worried about shareholders losing their investments. In earlier years, they were amply rewarded. The management remuneration packages that they approved were designed to encourage excessive risk-taking. They got what they asked for. Nor should we be worried about creditors losing their money. Their lack of supervision fuelled the housing bubble and we are now all paying the price. We should worry about whether there is a supply of liquidity to the housing market, so that those who wish to buy a home can get a loan. This proposal provides the necessary liquidity.

A basic law of economics holds that there is no such thing as a free lunch. Those in the financial market have had a sumptuous feast and the administration is now asking the taxpayer to pick up a part of the tab. We should simply say No.

http://jessescrossroadscafe.blogspot.com/2008/07/stiglitz-on-fannie-and-freddie-free.html