Govt planning principal reductions

[patientrenter]

[quote=jpinpb]Are they seriously going to reduce the principal??!!!!!!

That’s it. I’m going to buy a condo tomorrow. I’ll pay for a little while and then stop. Someone tell me. What will they do??? After how many months of living there free before they kick me out or renegotiate?

Can’t play by the old rules, can’t beat them, then join them.

I have had it. I am so sick of this shit. [/quote]

And don’t forget, jpinpb, that the “free money” being given to these folks comes from someone who actually has to earn it, save it, and hand it over (in taxes). If you pay a lot of taxes, that big giver would be you.

I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses. I lived in a small, old apartment while people who saved next to nothing lived in big, new homes.

Now vast amounts of my money are going to be shoveled at people who never bothered to spend less than they earned, or restrict themselves to homes that they could afford with 20-100% downpayments, or rent if that was too much. Meanwhile, I still can’t afford a home because all these measures designed to keep these often irresponsible people in ‘their’ homes are keeping home prices way above what I can afford on a much more responsible standard of affordability.

Barney Frank and Chris Dodd and Chuck Schumer and their co-conspirators (from both parties) will never be justified in my book.

[Arraya]

If there’s one reassuring light flickering in this collapsing tunnel, it must be that you have the courage and audacity to leave control of the rescue and repair of our economic systems in the hands of the same ass clowns who confidently led you into that tunnel.

That takes guts. Still, I’m not quite sure what the reasoning behind it is. People like Greenspan, Bernanke, Paulson and Gordon Brown have either consistently missed out on a zillion signs that something was going awfully awry, or they have consistently lied to your face.

What makes you think that they will either start recognizing the $800 trillion gorilla now, or that they will all of a sudden begin to tell the truth? Wouldn’t it make sense to quiz them on what exactly it is they know about the matters at hand, and/or hook them up to a polygraph for a while?

Every single member of the power gang will tell everyone willing to listen that none of what is going wrong at the moment could have been foreseen. That is something we know to be a load of bull; yours truly, and many others, have been warning for years that it would come to this. Still, you leave the steering wheel in the hands of a rag tag bunch of incompetent liars. As I said, it’s brave, but I can’t figure out how it would be smart too.

And it’s of course not just on the level of governments, houses of representatives and central banks that insincere stupidity rules. Every citizen of the western world can be confident to have lost around 30% of their retirement savings at this point at the hand of fund managers. Every town, county and state is losing money fast. Not only through decreasing tax revenues, what’s likely to be an even harder blow are the losses through bad investments by fund managers.

The most ironic thing of all will be that while you lose your jobs and your homes, the ass clown gang will either keep theirs or leave with golden handshakes and huge retirement benefits. You might want to think about that, and you might want to stop taking it all lying down.

A large number of clowns knew very well what was going on, and did indeed foresee much of it. The rest are dumb followers. Letting that very group now handle the issues makes you a dumb follower too.

They are spending trillions of dollars of your money on schemes that are guaranteed to fail and misfire; if they had the capacities needed to solve the problems, then there would be no such problems in the first place. It’s either that, or they have intentionally designed and caused them. That’s the only two options there are.

It’s time to look at all the ass clowns through the prism of our legal systems, to hold them accountable for any and all intentional mismanagement of the public’s interests. If it turns out they are merely stupid and ignorant, you fire them, since you don’t want borderline cuckoos to manage your affairs. If they are not stupid, they’ve been lying, and should go to jail.

Start out by challenging the claims that none of the mayhem could have been foreseen; we know it could have been, because it was. Start with that, and then take it from there. That is what the judiciary branches of democratic societies are for, and if the laws of the land are not properly applied, there no longer is a democracy. It really is that simple.

Oh, and I have a little math question. The IMF has $200 billion in funds. It uses $2 billion on Iceland’s 300.000 citizens. Pakistan has 175 million people. What’s missing in this picture?

Seriously, though, the billions that will go to Pakistan are going to make life very hard over there. The IMF and World Bank mafia is taking over the entire control over the nation’s finances, in a version of economic martial law that looks all too familiar to those who know what happened in South America, Asia and Russia in the past five decades. Pakistan will become the new test lab for the disaster doctrine of the world’s top ass clowns. You have been warned.
http://theautomaticearth.blogspot.com/

[Arraya]

If there’s one reassuring light flickering in this collapsing tunnel, it must be that you have the courage and audacity to leave control of the rescue and repair of our economic systems in the hands of the same ass clowns who confidently led you into that tunnel.

That takes guts. Still, I’m not quite sure what the reasoning behind it is. People like Greenspan, Bernanke, Paulson and Gordon Brown have either consistently missed out on a zillion signs that something was going awfully awry, or they have consistently lied to your face.

What makes you think that they will either start recognizing the $800 trillion gorilla now, or that they will all of a sudden begin to tell the truth? Wouldn’t it make sense to quiz them on what exactly it is they know about the matters at hand, and/or hook them up to a polygraph for a while?

Every single member of the power gang will tell everyone willing to listen that none of what is going wrong at the moment could have been foreseen. That is something we know to be a load of bull; yours truly, and many others, have been warning for years that it would come to this. Still, you leave the steering wheel in the hands of a rag tag bunch of incompetent liars. As I said, it’s brave, but I can’t figure out how it would be smart too.

And it’s of course not just on the level of governments, houses of representatives and central banks that insincere stupidity rules. Every citizen of the western world can be confident to have lost around 30% of their retirement savings at this point at the hand of fund managers. Every town, county and state is losing money fast. Not only through decreasing tax revenues, what’s likely to be an even harder blow are the losses through bad investments by fund managers.

The most ironic thing of all will be that while you lose your jobs and your homes, the ass clown gang will either keep theirs or leave with golden handshakes and huge retirement benefits. You might want to think about that, and you might want to stop taking it all lying down.

A large number of clowns knew very well what was going on, and did indeed foresee much of it. The rest are dumb followers. Letting that very group now handle the issues makes you a dumb follower too.

They are spending trillions of dollars of your money on schemes that are guaranteed to fail and misfire; if they had the capacities needed to solve the problems, then there would be no such problems in the first place. It’s either that, or they have intentionally designed and caused them. That’s the only two options there are.

It’s time to look at all the ass clowns through the prism of our legal systems, to hold them accountable for any and all intentional mismanagement of the public’s interests. If it turns out they are merely stupid and ignorant, you fire them, since you don’t want borderline cuckoos to manage your affairs. If they are not stupid, they’ve been lying, and should go to jail.

Start out by challenging the claims that none of the mayhem could have been foreseen; we know it could have been, because it was. Start with that, and then take it from there. That is what the judiciary branches of democratic societies are for, and if the laws of the land are not properly applied, there no longer is a democracy. It really is that simple.

Oh, and I have a little math question. The IMF has $200 billion in funds. It uses $2 billion on Iceland’s 300.000 citizens. Pakistan has 175 million people. What’s missing in this picture?

Seriously, though, the billions that will go to Pakistan are going to make life very hard over there. The IMF and World Bank mafia is taking over the entire control over the nation’s finances, in a version of economic martial law that looks all too familiar to those who know what happened in South America, Asia and Russia in the past five decades. Pakistan will become the new test lab for the disaster doctrine of the world’s top ass clowns. You have been warned.
http://theautomaticearth.blogspot.com/

[Arraya]

If there’s one reassuring light flickering in this collapsing tunnel, it must be that you have the courage and audacity to leave control of the rescue and repair of our economic systems in the hands of the same ass clowns who confidently led you into that tunnel.

That takes guts. Still, I’m not quite sure what the reasoning behind it is. People like Greenspan, Bernanke, Paulson and Gordon Brown have either consistently missed out on a zillion signs that something was going awfully awry, or they have consistently lied to your face.

What makes you think that they will either start recognizing the $800 trillion gorilla now, or that they will all of a sudden begin to tell the truth? Wouldn’t it make sense to quiz them on what exactly it is they know about the matters at hand, and/or hook them up to a polygraph for a while?

Every single member of the power gang will tell everyone willing to listen that none of what is going wrong at the moment could have been foreseen. That is something we know to be a load of bull; yours truly, and many others, have been warning for years that it would come to this. Still, you leave the steering wheel in the hands of a rag tag bunch of incompetent liars. As I said, it’s brave, but I can’t figure out how it would be smart too.

And it’s of course not just on the level of governments, houses of representatives and central banks that insincere stupidity rules. Every citizen of the western world can be confident to have lost around 30% of their retirement savings at this point at the hand of fund managers. Every town, county and state is losing money fast. Not only through decreasing tax revenues, what’s likely to be an even harder blow are the losses through bad investments by fund managers.

The most ironic thing of all will be that while you lose your jobs and your homes, the ass clown gang will either keep theirs or leave with golden handshakes and huge retirement benefits. You might want to think about that, and you might want to stop taking it all lying down.

A large number of clowns knew very well what was going on, and did indeed foresee much of it. The rest are dumb followers. Letting that very group now handle the issues makes you a dumb follower too.

They are spending trillions of dollars of your money on schemes that are guaranteed to fail and misfire; if they had the capacities needed to solve the problems, then there would be no such problems in the first place. It’s either that, or they have intentionally designed and caused them. That’s the only two options there are.

It’s time to look at all the ass clowns through the prism of our legal systems, to hold them accountable for any and all intentional mismanagement of the public’s interests. If it turns out they are merely stupid and ignorant, you fire them, since you don’t want borderline cuckoos to manage your affairs. If they are not stupid, they’ve been lying, and should go to jail.

Start out by challenging the claims that none of the mayhem could have been foreseen; we know it could have been, because it was. Start with that, and then take it from there. That is what the judiciary branches of democratic societies are for, and if the laws of the land are not properly applied, there no longer is a democracy. It really is that simple.

Oh, and I have a little math question. The IMF has $200 billion in funds. It uses $2 billion on Iceland’s 300.000 citizens. Pakistan has 175 million people. What’s missing in this picture?

Seriously, though, the billions that will go to Pakistan are going to make life very hard over there. The IMF and World Bank mafia is taking over the entire control over the nation’s finances, in a version of economic martial law that looks all too familiar to those who know what happened in South America, Asia and Russia in the past five decades. Pakistan will become the new test lab for the disaster doctrine of the world’s top ass clowns. You have been warned.
http://theautomaticearth.blogspot.com/

[Arraya]

If there’s one reassuring light flickering in this collapsing tunnel, it must be that you have the courage and audacity to leave control of the rescue and repair of our economic systems in the hands of the same ass clowns who confidently led you into that tunnel.

That takes guts. Still, I’m not quite sure what the reasoning behind it is. People like Greenspan, Bernanke, Paulson and Gordon Brown have either consistently missed out on a zillion signs that something was going awfully awry, or they have consistently lied to your face.

What makes you think that they will either start recognizing the $800 trillion gorilla now, or that they will all of a sudden begin to tell the truth? Wouldn’t it make sense to quiz them on what exactly it is they know about the matters at hand, and/or hook them up to a polygraph for a while?

Every single member of the power gang will tell everyone willing to listen that none of what is going wrong at the moment could have been foreseen. That is something we know to be a load of bull; yours truly, and many others, have been warning for years that it would come to this. Still, you leave the steering wheel in the hands of a rag tag bunch of incompetent liars. As I said, it’s brave, but I can’t figure out how it would be smart too.

And it’s of course not just on the level of governments, houses of representatives and central banks that insincere stupidity rules. Every citizen of the western world can be confident to have lost around 30% of their retirement savings at this point at the hand of fund managers. Every town, county and state is losing money fast. Not only through decreasing tax revenues, what’s likely to be an even harder blow are the losses through bad investments by fund managers.

The most ironic thing of all will be that while you lose your jobs and your homes, the ass clown gang will either keep theirs or leave with golden handshakes and huge retirement benefits. You might want to think about that, and you might want to stop taking it all lying down.

A large number of clowns knew very well what was going on, and did indeed foresee much of it. The rest are dumb followers. Letting that very group now handle the issues makes you a dumb follower too.

They are spending trillions of dollars of your money on schemes that are guaranteed to fail and misfire; if they had the capacities needed to solve the problems, then there would be no such problems in the first place. It’s either that, or they have intentionally designed and caused them. That’s the only two options there are.

It’s time to look at all the ass clowns through the prism of our legal systems, to hold them accountable for any and all intentional mismanagement of the public’s interests. If it turns out they are merely stupid and ignorant, you fire them, since you don’t want borderline cuckoos to manage your affairs. If they are not stupid, they’ve been lying, and should go to jail.

Start out by challenging the claims that none of the mayhem could have been foreseen; we know it could have been, because it was. Start with that, and then take it from there. That is what the judiciary branches of democratic societies are for, and if the laws of the land are not properly applied, there no longer is a democracy. It really is that simple.

Oh, and I have a little math question. The IMF has $200 billion in funds. It uses $2 billion on Iceland’s 300.000 citizens. Pakistan has 175 million people. What’s missing in this picture?

Seriously, though, the billions that will go to Pakistan are going to make life very hard over there. The IMF and World Bank mafia is taking over the entire control over the nation’s finances, in a version of economic martial law that looks all too familiar to those who know what happened in South America, Asia and Russia in the past five decades. Pakistan will become the new test lab for the disaster doctrine of the world’s top ass clowns. You have been warned.
http://theautomaticearth.blogspot.com/

[Arraya]

If there’s one reassuring light flickering in this collapsing tunnel, it must be that you have the courage and audacity to leave control of the rescue and repair of our economic systems in the hands of the same ass clowns who confidently led you into that tunnel.

That takes guts. Still, I’m not quite sure what the reasoning behind it is. People like Greenspan, Bernanke, Paulson and Gordon Brown have either consistently missed out on a zillion signs that something was going awfully awry, or they have consistently lied to your face.

What makes you think that they will either start recognizing the $800 trillion gorilla now, or that they will all of a sudden begin to tell the truth? Wouldn’t it make sense to quiz them on what exactly it is they know about the matters at hand, and/or hook them up to a polygraph for a while?

Every single member of the power gang will tell everyone willing to listen that none of what is going wrong at the moment could have been foreseen. That is something we know to be a load of bull; yours truly, and many others, have been warning for years that it would come to this. Still, you leave the steering wheel in the hands of a rag tag bunch of incompetent liars. As I said, it’s brave, but I can’t figure out how it would be smart too.

And it’s of course not just on the level of governments, houses of representatives and central banks that insincere stupidity rules. Every citizen of the western world can be confident to have lost around 30% of their retirement savings at this point at the hand of fund managers. Every town, county and state is losing money fast. Not only through decreasing tax revenues, what’s likely to be an even harder blow are the losses through bad investments by fund managers.

The most ironic thing of all will be that while you lose your jobs and your homes, the ass clown gang will either keep theirs or leave with golden handshakes and huge retirement benefits. You might want to think about that, and you might want to stop taking it all lying down.

A large number of clowns knew very well what was going on, and did indeed foresee much of it. The rest are dumb followers. Letting that very group now handle the issues makes you a dumb follower too.

They are spending trillions of dollars of your money on schemes that are guaranteed to fail and misfire; if they had the capacities needed to solve the problems, then there would be no such problems in the first place. It’s either that, or they have intentionally designed and caused them. That’s the only two options there are.

It’s time to look at all the ass clowns through the prism of our legal systems, to hold them accountable for any and all intentional mismanagement of the public’s interests. If it turns out they are merely stupid and ignorant, you fire them, since you don’t want borderline cuckoos to manage your affairs. If they are not stupid, they’ve been lying, and should go to jail.

Start out by challenging the claims that none of the mayhem could have been foreseen; we know it could have been, because it was. Start with that, and then take it from there. That is what the judiciary branches of democratic societies are for, and if the laws of the land are not properly applied, there no longer is a democracy. It really is that simple.

Oh, and I have a little math question. The IMF has $200 billion in funds. It uses $2 billion on Iceland’s 300.000 citizens. Pakistan has 175 million people. What’s missing in this picture?

Seriously, though, the billions that will go to Pakistan are going to make life very hard over there. The IMF and World Bank mafia is taking over the entire control over the nation’s finances, in a version of economic martial law that looks all too familiar to those who know what happened in South America, Asia and Russia in the past five decades. Pakistan will become the new test lab for the disaster doctrine of the world’s top ass clowns. You have been warned.
http://theautomaticearth.blogspot.com/

[meadandale]

[quote=patientrenter]
I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses.[/quote]

Please…

Anyone who pays HUNDREDS OF THOUSANDS of dollars in taxes EVERY YEAR could afford to buy a house if they wanted to.

[meadandale]

[quote=patientrenter]
I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses.[/quote]

Please…

Anyone who pays HUNDREDS OF THOUSANDS of dollars in taxes EVERY YEAR could afford to buy a house if they wanted to.

[meadandale]

[quote=patientrenter]
I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses.[/quote]

Please…

Anyone who pays HUNDREDS OF THOUSANDS of dollars in taxes EVERY YEAR could afford to buy a house if they wanted to.

[meadandale]

[quote=patientrenter]
I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses.[/quote]

Please…

Anyone who pays HUNDREDS OF THOUSANDS of dollars in taxes EVERY YEAR could afford to buy a house if they wanted to.

[meadandale]

[quote=patientrenter]
I pay hundreds of thousands in taxes each year. I have never bought a home, because I didn’t think I could afford a decent one and, at the same time, save enough for my future retirement and health expenses.[/quote]

Please…

Anyone who pays HUNDREDS OF THOUSANDS of dollars in taxes EVERY YEAR could afford to buy a house if they wanted to.

[SD Realtor]

Well… sadly I am not surprised. Also if you guys think this is all we will see with these sorts of measures you are SADLY mistaken.

Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business.

[SD Realtor]

Well… sadly I am not surprised. Also if you guys think this is all we will see with these sorts of measures you are SADLY mistaken.

Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business.

[SD Realtor]

Well… sadly I am not surprised. Also if you guys think this is all we will see with these sorts of measures you are SADLY mistaken.

Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business.

[SD Realtor]

Well… sadly I am not surprised. Also if you guys think this is all we will see with these sorts of measures you are SADLY mistaken.

Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business.

[Author]

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