Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (379419)	12/29/2008 7:37:04 PM
From: NucTrader	Respond to of 436258

The "taxpayers" don't have enough bread to bail out these expenditures, and if they try to raise taxes on the individual taxpayer they'll just put people further under and won't accomplish anything. If they get tough with corporations, maybe it would help. But the individual taxpayer? Blood out of a turnip for the most part. So Paulson and his crooked buddies Ben B, Tim G , and Neel K in conjunction with an apathetic and naive Congress have been successful initially in bailing out the crooked greed of Wall Street at the price of a hugh surge in Treasury and Fed Reserve debt and acquiring bad paper. Round 1 to them. But how are tax revenues going to be generated in an economy where the banks can't make money and the economy is in depression? They aren't. The Treasury, the the Fed Reserve have the same problem as the banks: how are they going to generate revenue to pay down debt? They won't be able to. All they can do is print money and cut entitlements.