I dont really think NASA is the problem. However maybe dropping a $500.000 dollar bomb on someone might be. Not to sound like a hippie but ammo and missiles are fricking expensive. In all honesty their cost is also probably grossly exaggerated as well.
Also NASA also gets private funding and i believe that they make their own money by launching satelites for companies.
I would vote to give NASA more money… we need more technological discoveries and innovation that we can trickle down to the private sector and sell to the world… we’re falling behind and that’s not good.
im such a ass
the govt gives them some money but they fund there own… i just wanted to say it
The biggest con I have heard is; massive inflation, so when they tell you it won’t cost you it is bullocks!
and massive inflation is what you get IF IT WORKS.
inflation > stagflation
getting both isn’t so great either.
But if they payed back the debt to start with wouldn’t we not be in this situation??:gotme:
Banks trying to use risky tatics and give loans to people who originally couldnt pay debt back caused the situation.
Most of that isn’t accurate, the Federal Reserve is FAR from out of money, they have $800 billion in cash on hand…hell they dumped $16X billion into the market the other day.
The bailout is necessary because banks at this point are claiming hundreds of thousands of mortgages (even ones that are good) as 0 on their books, as a result losses are MASSIVE. This money will allow the federal government to purchase these ASSETS, renegotiate terms on some so they can become stable, and give banks breathing room to lend again without concern of going under. Without this package the economy very literally, WILL FUCKING COLLAPSE AND WE WILL SEE FINANCIAL DEVASTATION AROUND THE GLOBE THAT YOU CAN’T EVEN FUCKING IMAGINE
PLEASE DELETE THIS THREAD MORE IGNORANCE IS THE LAST THING WE NEED.
Yawn if you bought a house and can pay your mortgage, you better get a box and soon.
If you bought a car and can’t pay for it, I hope you own shoes.
THIS IS WHAT HAPPENS WHEN YOU LIVE BEYOND YOUR MEANS!
I currently owe zero dollars to anything.
I have no loans, no credit cards.
I own all my vehicles and my home’s.
The government needs to make people live within thier means.
I bet your stuff all sucks. And how many “home’s” (sic) do you own outright?
This thread’s like a remedial version of the game over thread.
the only way people will live within their means is if the country lets them fail lets face it as a whole not everyone but as a whole this country has a huge spending problem. People need a slap in the face about financial decisions. By doing this bailout we are doing what the American public has come so accustomed to in our lifetime and thats screwing up big time and being bailed out. It happens on the small scale all the time we all know people that never got in trouble because of who they know and because of it they think they can do whatever they want. While something needs to be done but by doing this last proposed bailout it would only push back our problems a few years till it hits us even harder. I am glad this last one was rejected and maybe as a society we need to be scared maybe not fail but being scared enough to change our ways
o on another note credit is a very good tool if used correctly but most people not all but most dont know how to use credit wisely
Wow. This thread is like a message board wingman. It’s jumping on all of the stupid grenades to keep the other thread clear. I like it.
what people dont understand that this would be i think the 4th “bailout” in the bush presidency and eventually the banks and financial institutions would have no money again eventually expect this time inflation would be even higher and our dollar would be worth less. the only way to save our economy is to keep rejecting the inflation and work our way back to sound money. all the bailout does is delay the innevitable
.
Listen, if you do manual labor for a living and don’t happen to have an economics degree or be a former hedge fund trader or something, please don’t try to be persuasive on this issue. Don’t call your congressman. Don’t bitch to your friends and relatives. Us people who know this shit know how bad it is, what needs to be done, and every plumber with diarrhea of the mouth about how his dollars shouldn’t be going to CEO’s makes it more difficult for us to try to save all of our economy. KNOCK IT OFF.
DOT
ready for the lock
ps - waaaaaasted
I am sorry but that is entirely bullshit. The institutions have money, they are just afraid to lend money to each other because there is no way to tell what kind of bad debt they all have.
He’ll, ben lent out $630billion on Monday and it didnt do anything.
This whole bill is more bullshit from the same guys who caused the problem.
If your a believer of karl at the market ticker and the congessman who brought it up, they think the bill is for bailing out foriegn investors so they don’t stop buying our debt.
Anyway you look at the facts, this bailout is bad for America.