Can't we just borrow the $$$ from China like bush has for 8 years?

Philosoraptor

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:43 AM
Original message

Can't we just borrow the $$$ from China like bush has for 8 years?

SURELY China could help us with the bailout, and consolidate our loans into one, easy to pay monthly installment?

They make all our stuff there, they loan us money all the time, I know they got the money, and they know we're good for it, so what's the harm?

Printer Friendly | Permalink | | Top

Cary

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:50 AM
Response to Original message

1. What I want to know is. . .

what would happen if we took our $700,000,000,000.00 and told Wall Street to pound sand, and instead we invested that money in education, roads and bridges, and perhaps some health care.

If the CEOs are worth $17,000 per hour then they must be talented enough to be "self sufficient" or whatever buzz word the rightists use. Right? They don't need a bail out.

In the meantime wouldn't we get more bang for our buck investing in ourselves and our future?

What's the harm, and who needs the muckity mucks? <spits>

Printer Friendly | Permalink | | Top

Virginia Dare

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 08:11 AM
Response to Reply #1

5. That's a new "New Deal"...

I think it's a great solution, the anti-Wall Street solution, but you know that the powers that be would be screaming "Socialism" from the tree tops.

Printer Friendly | Permalink | | Top

Marsala

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:53 AM
Response to Original message

2. We're going to have to borrow the money from them anyway

We're certainly not raising taxes or cutting spending enough to cover it, and we have to pay for everything in the budget somehow. Any deficit must be borrowed and paid off later.

Rumor has it that we're selling out Taiwan to them. Literally.

Printer Friendly | Permalink | | Top

MiniMe

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:58 AM
Response to Original message

3. It would take an act of Congress, literally

We are already pushing the debt ceiling as it is.

Printer Friendly | Permalink | | Top

stray cat

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 07:48 AM
Response to Original message

4. Ultimately isn't that what we are doing anyway - they are not raising taxes for pay go on this

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sun May 05th 2024, 08:54 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.