Quote:
Originally Posted by Robbie
How have you paid one penny for bankruptcies? Plus anything the govt. pays for is being paid for with deficit spending. I agree I don't want to pay for anybody's shit in any way...but the truth is the Federal Reserve is simpy printing money these days and making debt that will never be paid.
|
A) bankruptcies are a scourge on society. The business not being paid in full gets hurt, which in turn drives profits, dividends, valuations, home and real estate prices and share prices.
B) Bush fucked up our surplus. Our debt will be paid off again in the future. 2 fucking wars not paid for, greedy consumers buying homes and other goods they can not afford, businesses pushing unaffordable goods, bankruptcies, crooked investments, health care costs, and taxes to low on the upper end as well as wasted and political corruption killed all that.
C) The printing of money has not effected the valuation of our currency as inflation is still too low as far as most economists want. Look further into to this.
You don't pay your fair share if you can afford it (which includes discharge of debt through bankruptcy or restructuring) and you are a leech on society.