Tag Archive | "debt"

Is This A Correct Assessment And Summation Of Last Night’s Republican Debacle On Conservatism?


Santorum: True I voted for planned parenthood and increases in debt ceiling, but that was before. Now I am the true conservative, I will ban contraception for workers who work at certain institutions and their affiliates.
Newt: I was the speaker of the House when we repeatedly balanced the budget and reformed welfare. Hence, I am the true conservative.
Romney: I was for Massachusetts universal Healthcare, but I oppose the Affordable Healthcare Act and will repeal it, therefore, that makes me a true conservative.
Ron Paul: Santorum is a fake and not a true conservative.

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Is There A Secret To Buying A Cheap Car? Please Fill Me In?


can someone help me find a good cheap used car, extended cab truck, minivan, conversion van, or suv? please tell me where i can find one? an auction? someone keeps flagging me when i place my ad on craigs list and i have a broke down car and need something! i dont want one thats 20 yrs old for 1800.
is this how bad for market is? should i just pay like 700-800 dollars to fix my car when its worth 700?
where do dealers get their cars from? auctions? how do i find one??
i need help. im a single mother and i have to walk with my kids more than a half mile away, and 1/2 miles back with 10-13 bags of groceries and a gallon of milk. i need advice from a real honest person. im sick of these heartless people out there who do nothing but love money.
my credit is poor from when i was in my late teens and early 20’s when i had no health insurance. and i had a heat bill i couldnt pay after my ex husband left. so i can only buy in cash.
i dont understand how i have less than 5,000 debt and have poor/bad credit when america has a++ credit and is 16 trillion in debt!
thanks and have a good day

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Is There A Secret To Buying A Cheap Car, I Asked On Car Section But They Are Slow?


can someone help me find a good cheap used car, extended cab truck, minivan, conversion van, or suv? please tell me where i can find one? an auction? someone keeps flagging me on craigs list and i have a broke down car and need something! i dont want one thats 20 yrs old for 1800.
is this how bad for market is? should i just pay like 700-800 dollars to fix my car when its worth 700?
where do dealers get their cars from? auctions? how do i find one?? i look online, ebay motors, newpapers.
i need help. im a single mother and i have to walk with my kids more than a half mile away, and 1/2 miles back with 10-13 bags of groceries and a gallon of milk. i need advice from a real honest person. im sick of these heartless people out there who do nothing but love money.
my credit is poor from when i was in my late teens and early 20’s when i had no health insurance. and i had a heat bill i couldnt pay after my ex husband left. so i can only buy in cash.
i dont understand how i have less than 5,000 debt and have poor/bad credit when america has a++ credit and is 16 trillion in debt!

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Isn’t It Great That The Mets Are Spending Their Money Wisely?


Whats the point in getting out of millions of dollars in debt when you can get new scoreboards for your Single-A affiliate?http://metspolice.com/2012/02/14/mets-ne…

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So What If Romney Failed?


Lately, Republican candidates are taking shots at Mitt Romney because in his private equity life he had some failures. Democrats have made no secret that they are going to go after Romney because in his private equity life, he had to shut down some unprofitable plants to save businesses. Heaven forbid, other businesses he invested in went belly up. I am not here to defend or advocate for any particular candidate, but I do think that Americans need a much better perspective on failure.
Why are we so hard on failure?
One of the things the start up community does is embrace failure. When a company goes under, you learn from it. I have invested after tax dollars that were hard to earn into many companies, and not all of them have worked out. One went belly up. One is marginal, one is on fumes, and the rest are operating, but like any company they have challenges. I have had some exits too. But, even those had many twists and turns along the way and the company could have gone under.
Being in business isn’t easy. It’s risky. If it were easy, we’d all leave our cushy government and corporate jobs and go on our own and start entrepreneurial companies. But, statistics show that fewer than 30% of all start up businesses make it ten years. Starting a business isn’t rocket science, but it’s a heckuva lot tougher. But, encouraging people to take that risk leads to gigantic gains for our entire society.
To give you a little perspective, you need to know what Romney engaged in. He was in what is called Private Equity (PE). Most people confuse Private Equity with Venture Capital (VC). Venture invests in newer companies that have a new technology. Private Equity invests in an existing company that has been operating and reinvents that company. Usually, PE firms use a lot of leverage (debt), to generate returns. Extra leverage on the balance sheet magnifies the rate of return if the company can afford the debt load. If the company can’t afford it, it either restructures again or goes bankrupt. The reason it’s called Private Equity is that the money for the fund comes from private sources, not government sources. The companies that the PE firm buy and run are not listed on public markets, but closely held. The big payoff for PE comes when they spin the companies back out into the open market through an IPO or acquisition. Private Equity firms take risk.

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Are You Ready For The Next “great Depression” And Do You Know Who Caused It?


The Beast Is Starved: Welcome to the Next Great Depression
by John Atcheson
Since Reagan, Republicans have been on a “starve the beast” campaign – by which they mean eviscerate the government by taking away as much revenue as they can.
Starving the beast has been the biggest bait and switch con game that has ever been perpetrated on the American people. And the most tragic.
“Well, if past is prologue, welcome to the next Great Depression.” (photo of mother and children As Paul Krugman pointed out, Republicans offered popular tax cuts so that they could later cut popular government programs “as a necessity.” Oh, we’d love to continue providing low cost, effective medical care under Medicare, but you see, the country just can’t afford it … Of course we can’t. Billionaire hedge fund managers and Wall Street traders pay less in taxes than their secretaries. And most corporations pay little or no taxes.
Starve the Beast was coupled with a clever campaign to make government appear to be a collection of bumbling bureaucrats who wasted tax money for pure pleasure. Long after it became politically impossible to stereotype racial and ethnic groups (with the possible exceptions of Muslims) it was – and is – quite acceptable to characterize government workers as shiftless, lazy and incompetent.
As a result, once the Republicans succeeded in cutting government revenue to the bone and beyond, it became impossible to raise taxes – who wants to give any more of their hard earned money to a bunch of lazy bureaucrats?
Never mind that most big government programs are far more efficient than their private sector equivalents. That’s a mere fact. Can’t let that get in the way of starving the beast.
Bait and switch. Divide and Conquer.
So, after starting with a surplus in 2000, Republicans used two wars, two rounds of tax cuts, and a giant giveaway to big Pharma, to get the country racking up debt like a drunken sailor.
Along comes the Bush recession, and the debt accelerates, and the Republicans declare the debt to be an “emergency” and right on schedule immediately attack popular programs like Medicare, Medicaid, Social Security, Student loans –and virtually anything that doesn’t help the uber rich or the corporations suddenly must be cut if we are to stay solvent.
Never mind that cutting Social Security to balance the budget is like attacking the mailman because your car doesn’t work. It has nothing to do with the budget – but again, that’s a mere fact. When you’re drowning the beast, facts don’t matter.
So OK. The beast is drowned. Keynes is dead. Now what?
Well, if past is prologue, welcome to the next Great Depression.
See, the dirty little secret is that we never had a debt “crisis.” We had a jobs crisis.
While Republicans were arguing about the faux “crisis” and the press and Obama joined them, we got a series of disturbing economic signals. Consumer confidence was down, manufacturing was off, May and June’s job numbers were pathetic. In fact, if not for a hiring binge by McDonald’s there would have been a net job loss in May. That’s something to hang your hat on: McDonalds accounted for what little job growth there was. What’s next, America gets saved by an uptick in Wall Mart greeters?
Look. This whole drown the beast strategy has been nothing more than a stealth tactic for instituting an extremist version of a laissez faire, market uber-alles policy designed by and for the Plutocracy.
And to be sure, it’s worked great for them. Today, the richest 1% owns 40% of the nation’s wealth, and the top 10% owns nearly 75% of it.
The rest of us? Not so much.
Income and wealth inequality in the US has been increasing rapidly since Reagan, (with a slight break under Clinton). In terms of income inequality, the US now ranks about the same as Ivory Coast, Uganda and Cameroon – countries not exactly noted for being prosperous, equitable and just societies.
News flash for all the debt mongers, Tea Partiers and other assorted ignoramuses. You can’t run a consumer-based economy when the vast majority of consumers don’t have enough money to buy anything. After all, Paris Hilton can only buy so many yachts; Corporate CEOs can only purchase so many jetliners – even with their special jet tax credits; and Wall Street traders can only buy so many Bugattis. But middle and working class Americans need to spend their money on food, lodging, and other necessities.
Here’s the dirty little secret: Republicans want the economy to fail. They want Obama to fail, and they don’t care who gets hurt in the process. They want these things, because the beast is in the bathtub and they can almost taste its demise.
The pieces are in place for the Plutocrats final victory … an industry friendly Supreme Court; a Democratic Party that is either in collusion with the plutocrats, or so cowardly as to be neutered;

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