US Debt Jumped $54 Billion in 8 days!

[Vhayes]

I'd call the cost of that more than just dessert. That would be dessert for a whole town.

[Fenris]

Ah, how I yearn for the deficits of the Bush era.

[Vhayes]

Ah, how I yearn for the deficits of the Bush era.

Ah, how I yarn for the period before Bush ran the deficits up with his own version of obfuscation and then set the housing market debacle in motion right before he exited the hot seat. Now there's a real champ for you. The buck stops... ah... over there.

[Fenris]

Ah, how I yarn for the period before Bush ran the deficits up with his own version of obfuscation and then set the housing market debacle in motion right before he exited the hot seat. Now there's a real champ for you. The buck stops... ah... over there.

Still, 400 billion <<< 1.6 trillion.

[mattlad22]

Ah, how I yarn for the period before Bush ran the deficits up with his own version of obfuscation and then set the housing market debacle in motion right before he exited the hot seat. Now there's a real champ for you. The buck stops... ah... over there.

Ok maybe this could be a thread all on its own, not sure but it does have to do with this topic, since we are accusing individuals of the outcomes.

How many of you are in debt/owe the bank for payments/own items/vehicles/toys (ie boats, quads ext, we call all those toys up here ^^) house/ schooling.
How many people do you know has debts?

[Vhayes]

Still, 400 billion <<< 1.6 trillion.

Move those goal posts. Yeeeeessssssss!!!

[RabbiKnife]

The housing debacle is a Barney Frank deal, not Bush. Straight up. Congress started that chaos back with Carter, then Clinton upped the ante, and no one ever stepped into slow down the train. When the Bush Admin did start poking around the issue, Barney Frank and his committee stonewalled any investigation.

Be careful before we start throwing rocks. There are plenty of rocks and no clean hands.

[RabbiKnife]

Ok maybe this could be a thread all on its own, not sure but it does have to do with this topic, since we are accusing individuals of the outcomes.

How many of you are in debt/owe the bank for payments/own items/vehicles/toys (ie boats, quads ext, we call all those toys up here ^^) house/ schooling.
How many people do you know has debts?

Having a debt secured by an asset of sufficient worth to exchange for the debt is not a problem.
Having debts that are unsecured by an asset of sufficient worth to exchange for the debt is a HUGE problem.

[Vhayes]

The housing debacle is a Barney Frank deal, not Bush. Straight up. Congress started that chaos back with Carter, then Clinton upped the ante, and no one ever stepped into slow down the train. When the Bush Admin did start poking around the issue, Barney Frank and his committee stonewalled any investigation.

Be careful before we start throwing rocks. There are plenty of rocks and no clean hands.

There are NO clean hands. That's the truth.

[Phish]

The housing debacle is a Barney Frank deal, not Bush. Straight up. Congress started that chaos back with Carter, then Clinton upped the ante, and no one ever stepped into slow down the train. When the Bush Admin did start poking around the issue, Barney Frank and his committee stonewalled any investigation.

Be careful before we start throwing rocks. There are plenty of rocks and no clean hands.

Thats not all they did either.

I feel the effects of the Frank Dodd act every stinkin day, what a mess

[RabbiKnife]

Let's not even talk about that one.

[mattlad22]

Having a debt secured by an asset of sufficient worth to exchange for the debt is not a problem.
Having debts that are unsecured by an asset of sufficient worth to exchange for the debt is a HUGE problem.

Yeah but we are allowed now and in recent history to just charge debt with no exchangable asset.
I know round these parts, if you had a miners job and were making 100k plus a year you could run all kinds of debt and it didnt matter if you have nothing but that job in compensation, and im just using that job as an example because i was part of it.
So if you lost that job you had 549837510934 things purchased through debt, that you didnt actually own, but now the banks do and they are still purchased.....doesnt that stink up the whole system in part also?

[RabbiKnife]

Greed destroys.

Yes, that is the problem in the whole system.

[mattlad22]

Greed destroys.

Yes, that is the problem in the whole system.

So then i refer back to that question i had for anyone and everyone.

Are you in debt in any or all of those ways i listed?
How many people do you know are?

[Firefighter]

Minus my house that I have equity in, and my car which I also have equity in, I owe nothing.