Archive for the ‘Current Events’ Category
June 12th, 2011 | 
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stockmarketrealities asked:
When you view http://www.usdebtclock.org and a good summary with a very important table at the bottom of the page: http://bankruptUSA.blogspot.com, you will see that the huge debt of the national, state, and local governments combined exceed the GDP, and furthermore, looking at the unfunded federal liabilities of $111 trillion plus an additional $3.5 trillion state unfunded liabilities and personal debt is 50% higher than a decade ago, that this is surely reason to downgrade the debt rating of this country.
When you view http://www.usdebtclock.org and a good summary with a very important table at the bottom of the page: http://bankruptUSA.blogspot.com, you will see that the huge debt of the national, state, and local governments combined exceed the GDP, and furthermore, looking at the unfunded federal liabilities of $111 trillion plus an additional $3.5 trillion state unfunded liabilities and personal debt is 50% higher than a decade ago, that this is surely reason to downgrade the debt rating of this country.
Our Congress furthermore is putting this country into another $1 trillion in debt with the recent passage of extended unemployment benefits and tax-breaks.
It all adds up to utter irresponsibility and a rightful downgrade might actually force our country to start being responsible. The debt won’t be able to be paid off ever when our elected officials fear raising taxes.
Desmond Desmond
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greengirl asked:
Congress has decided to refund taxpayers anywhere from $300-$1200 this May through July. The amount you receive will be determined by your filing status. But the good news is that If you paid income tax for the year 2007, you will be receiving some additional money this spring/summer.
Congress has decided to refund taxpayers anywhere from $300-$1200 this May through July. The amount you receive will be determined by your filing status. But the good news is that If you paid income tax for the year 2007, you will be receiving some additional money this spring/summer.
How will you use this additional money?
Make a charitable donation or a political contribution?
Buy consumer goods?
Reduce personal debt?
Put it into savings?
Fatten an IRA?
Invest in the stock market?
Fund more education?
Spend it on something completely frivolous?
Phyliss Cratch
Paul Anthony F asked:
Come the hour come the man ?Gordon ?
Alyssa
Come the hour come the man ?Gordon ?
Alyssa