How Bailing out Wall St will Destroy America

[FreakinDJ]

We are being led down the garden path once again like cattle to the slaughter. 100s of Top financial institutions holding the trigger threatening to let the anvil drop, and George Bush (as if he never led the US astray before) stands in front of the whole country demanding we bail out these “Super Speculators”

At Risk: The entire American Way of Life

Coupled with the existing National Debt, and the existing Iraq War Debt, we are being force fed a plan to bail out some of the most irresponsible, reckless, dishonest speculators in the world.

What we don’t know is how we will ever repay the debt





$7000 per year for every man woman and child in the United States. That is what it will take just to service the debt, never mind pay down the principle. This is a Debt we can never repay - only service

First we will cut Social Programs. Retirees, left in the streets after their pension funds were lost on Wall St. and their home values plummeted as regulators forced lower and lower “short sale home vales”.

Then essential Government Services will be cut or charged to the citizenry on a piece work basis. Of course National Defense will be long gone and Creditor Nations will be anxiously waiting at the gate. Soon decisions will have to be made and “The Corrupt Ruling Elite” will offer up the very citizenry they once presided over

[GoesTo11]

1. $7000 per person per year????

That's 28,000 for a family of 4, tax free! We could basically live off that. Forever. Dang.

[FreakinDJ]

2. YES - A debt that can never be paid

bring a new meaning to "Indebted Servitude"

[slipslidingaway]

3. K&R n/t

[curious one]

4. ?

[cliffordu]

5. It looks like we can let it collapse now or later. I say now.