THE $787 BILLION DOWN PAYMENT!

Did you read any of the 1,100 (painful) pages of the Obama “Stimulus/Gift” Magna Carta?

If you have not, give it a go. Try hop scotching thru it at random. Whatever pages you land on, report back to Ctoads on:

- how much money will be spent on what
- how many jobs would that expenditure create
- WHEN will that money be spent (within 2 years or after)
- what short term impact on the economy will that money have

Then get out a large bath towel to help you with your tears.

Some down payment, though.

The interesting thing is that - AT LEAST AS CONTEMPLATED - it will take a half a generation to spend the “STIMULUS – NON SOCIAL REFORMS SPENDING” part. That is the NEW JOBS CREATION part!

The big new SOCIAL CONTRACT part, Barns simply does not comprehend how and when that massive "federal government moving into and ownership of our lives" part will be implemented.

Barns clearly sees the rest of the down payment coming sooner than later. Such as another $500 Billion to $1 Trillion within weeks. For what?

To STIMULATE THE ECONOMY, obviously!!

Sound Off On This Topic Now!

THE $787 BILLION DOWN PAYMENT!

   

  • Backbiter ( 214 posts / 1 fights ) from West Hollywood, California (United States) on 02/21 at 11:20PM PT

    From what I understand, the majority of the Stimulus loan money is coming back at some point in time (the nature of loans, most get paid back). Where as, the money sunk into Iraq is never coming back (the nature of badly planned wars). Where was the outrage among so called fiscal conservatives about that?

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  • Barns ( 939 posts / 24 fights ) from Den Of Ubiquity, California (United States) on 02/18 at 12:59PM PT

    What the hell, you all!!

    First "WE" spend/commit/misplace $1 TRILLION.

    Then "WE" commit $75 BILLION to mortgage bailouts.

    That horse is miles behind the cart!!

    Is that not what started this whole disaster?

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  • chem ( 90 posts / 0 fights ) from Palo Alto, California (United States) on 02/17 at 05:46PM PT

    It is impossible for ordinary folks like me to read and comprehend that document. I imagine the people who wrote it don't comprehend it. Maybe Pelosi can explain it to all of us. I am fairly confident that this stimulus plan is not that at all and that it destroys some important constitutional provisions. Welcome to the Unites Socialist States of America.

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    • rachee ( 105 posts / 2 fights ) from London, London (United Kingdom) on 02/17 at 05:47PM PT

      Are you being a trifle dramatic mate? I see this as politics, politics, politics. Your new president has a score of promises to settle. Well, here you are my good man. I reckon that the U.S. sneezed big enough for the rest of the world to catch a dreadful cold. Now the U.S. has to take a lot of aspirins for the rest of us to be able to breathe. That is all.

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      • Grizz ( 533 posts / 14 fights ) from Balclutha, Clutha (New Zealand) on 03/20 at 02:31PM PT

        Couldn't have said better myself. And now We're all paying for the US's "Bigger is Better" lifestyle. And who's doing the loudest complaining?? Bugger there I go ,Back on the top ten most hated list.Oh well **it Happens

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        • Harm ( 171 posts / 0 fights ) from Alexandria, Virginia (United States) on 03/20 at 03:06PM PT

          Hey KIWI. You are on my top ten list. Period.

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          • Grizz ( 533 posts / 14 fights ) from Balclutha, Clutha (New Zealand) on 03/21 at 12:52PM PT

            What's The matter Harm , Truth hurts?This Mess started on WALL ST , By people(and I use the term loosely) who wanted more! I've herd it right here, on Ctoads "Bigger is Better" Well now it's time to pay for this excessive lifestyle,And pay we will. Will we learn from this? I doubt it

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