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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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 Posted: Wed Sep 24, 2008 2:54 am Post subject: Re: ... |
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| Nowhere Man wrote: |
| About 3 years in Iraq, give or take a couple hundred billion. |
The war costs "only" about 6 billion dollars a month. But as Obama has said: he can pay for all his education reform with just the funds from a couple of days in Iraq. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Wed Sep 24, 2008 3:07 am Post subject: |
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| Jon Stewart says it's enough to buy every man, woman and child in America 2,000 McDonald's apple pies. |
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Pooty
Joined: 15 Jun 2008
Location: Ela stin agalia mou
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| Posted: Wed Sep 24, 2008 3:27 am Post subject: |
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Credit to Alyallen for this gem:
From: Ethan Ackerman
Date: Tue, Sep 23, 2008 at 1:18 PM
Subject: URGENT BUSINESS RELATIONSHIP
DEAR AMERICAN:
I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.
I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.
I AM WORKING WITH MR. PHIL GRAM, LOBBYIST FOR UBS, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. AS A SENATOR, YOU MAY KNOW HIM AS THE LEADER OF THE AMERICAN BANKING DEREGULATION MOVEMENT IN THE 1990S. THIS TRANSACTIN IS 100% SAFE.
THIS IS A MATTER OF GREAT URGENCY. WE NEED A BLANK CHECK. WE NEED THE FUNDS AS QUICKLY AS POSSIBLE. WE CANNOT DIRECTLY TRANSFER THESE FUNDS IN THE NAMES OF OUR CLOSE FRIENDS BECAUSE WE ARE CONSTANTLY UNDER SURVEILLANCE. MY FAMILY LAWYER ADVISED ME THAT I SHOULD LOOK FOR A RELIABLE AND TRUSTWORTHY PERSON WHO WILL ACT AS A NEXT OF KIN SO THE FUNDS CAN BE TRANSFERRED.
PLEASE REPLY WITH ALL OF YOUR BANK ACCOUNT, IRA AND COLLEGE FUND ACCOUNT NUMBERS AND THOSE OF YOUR CHILDREN AND GRANDCHILDREN TO [email protected] SO THAT WE MAY TRANSFER YOUR COMMISSION FOR THIS TRANSACTION. AFTER I RECEIVE THAT INFORMATION, I WILL RESPOND WITH DETAILED INFORMATION ABOUT SAFEGUARDS THAT WILL BE USED TO PROTECT THE FUNDS.
YOURS FAITHFULLY, MINISTER OF TREASURY PAULSON |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed Sep 24, 2008 3:36 am Post subject: |
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I'd buy a nice car for around 50k.
I wonder if 700 billion is enough to intergrate NK into SK's economy? |
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Gatsby
Joined: 09 Feb 2007
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| Posted: Wed Sep 24, 2008 3:37 am Post subject: |
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| Quote: |
I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.
I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU. |
And we get in return a certificate of appreciation, perhaps? How about a deed to one square centimeter on the far side of the moon?
Oh, don't worry. The money is in 30-year balloon mortgages. You will get your money back. Eventually. Or your heirs. Or their heirs. Some of it. Maybe.
I got a better idea. Make every man woman and child in the U.S. buy $3,000 in U.S. Lottery tickets. Pay off the mortgages, and the lucky lottery ticket holders will win a free house. |
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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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| Posted: Wed Sep 24, 2008 8:16 am Post subject: |
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| jvalmer wrote: |
I'd buy a nice car for around 50k.
I wonder if 700 billion is enough to intergrate NK into SK's economy? |
NK has an economy? |
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Nowhere Man
Joined: 08 Feb 2004
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| Posted: Wed Sep 24, 2008 9:04 am Post subject: ... |
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| Quote: |
Nowhere Man wrote:
About 3 years in Iraq, give or take a couple hundred billion.
The war costs "only" about 6 billion dollars a month. But as Obama has said: he can pay for all his education reform with just the funds from a couple of days in Iraq. |
OK. Fair enough. Sources indicate that, with the current spending package that was already approved, the total price tag on Iraq is at $800 billion. |
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Cheonmunka
Joined: 04 Jun 2004
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| Posted: Wed Sep 24, 2008 2:14 pm Post subject: |
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| Quote: |
| I got a better idea. Make every man woman and child in the U.S. buy $3,000 in U.S. Lottery tickets. Pay off the mortgages, and the lucky lottery ticket holders will win a free house |
Har!
Actually it ain't a lot. Every working person in the US contributes between 1 and 10 thousand dollars depending on an asset test, da-da, problem solved.
For every man, woman and child it's not 3k but about 2k. for every working person about what, 4 or 5k?
Those sort of figures are what we pay in housing tax for a year. It ain't a lot to ask, considering everyone already has their hands out asking for money anyway ..
But, if that's a big ask then I think the rich inheritors of wealth should pay the bill. What's a few ten millions each to the billionaire heirs ... just a few weeks of reduction in interest earnings. |
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TexasPete
Joined: 24 May 2006
Location: Koreatown
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| Posted: Wed Sep 24, 2008 4:01 pm Post subject: |
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| Cheonmunka wrote: |
| Quote: |
| I got a better idea. Make every man woman and child in the U.S. buy $3,000 in U.S. Lottery tickets. Pay off the mortgages, and the lucky lottery ticket holders will win a free house |
Har!
Actually it ain't a lot. Every working person in the US contributes between 1 and 10 thousand dollars depending on an asset test, da-da, problem solved.
For every man, woman and child it's not 3k but about 2k. for every working person about what, 4 or 5k?
Those sort of figures are what we pay in housing tax for a year. It ain't a lot to ask, considering everyone already has their hands out asking for money anyway ..
But, if that's a big ask then I think the rich inheritors of wealth should pay the bill. What's a few ten millions each to the billionaire heirs ... just a few weeks of reduction in interest earnings. |
You may feel it's "not a lot to ask", but on top of everything else (the war in Iraq, out of control spending in Washington, the sinking value of the dollar, high oil/gas prices, etc, etc...) it seems like it's just a kick in the balls to the tax payer.
"Oh, you want us to bail out a bunch of rich a$$holes on Wall Street? And give Paulson a blank check, no accountability, no oversight, no regulations, and immunity from the law regardless of the decisions he makes? And you expect us, the taxpayers, to believe your administration [Bush] has any credibility left to give confidence to anyone that this is the right course of action to take? Eff that." |
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Underwaterbob
Joined: 08 Jan 2005
Location: In Cognito
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| Posted: Wed Sep 24, 2008 8:27 pm Post subject: |
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| $700'000'000'000 worth of gas in Korea would be enough to drive a Lamborghini Murcielago (2008's least fuel efficient car) around the earth about 57'000'000 times at highway speeds. |
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Nowhere Man
Joined: 08 Feb 2004
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| Posted: Thu Sep 25, 2008 1:46 am Post subject: ... |
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| Quote: |
| $700'000'000'000 worth of gas in Korea would be enough to drive a Lamborghini Murcielago (2008's least fuel efficient car) around the earth about 57'000'000 times at highway speeds. |
I vote for that. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Thu Sep 25, 2008 2:40 am Post subject: |
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| $700 billion is an astronomical amount of dosh. I bet this number represents a large chunk of the entire wealth of the world. I bet this includes a large percentage of the financial value of the worlds resources with America placing the bet that it will be earned by Americans in order to pay this gargantuan debt. I doubt if Americans can pay that back as it's domestic economy is not producing jobs and products like the way it once did due to outsourcing. How do you continue to do well enough to pay debt if you have an inadequate job market for the people to have the means to get out of debt? This national debt is the American people's responsibility even though most choose not to bail out the irresponsible upper crust and be in Iraq. And in order to pay back via their government in the form of taxes, they must have an adequate domestic job market to be gainfully employed as to produce enough revenues. The responsibility will smack us on the head like a ton of bricks when Uncle Sam can no longer borrow from foreign countries like China as the threat of a take over will loom. Boy are we being saddled with a huge debt load. As it stands now, most Americans are under employed and the future looks like quite grim for some time to come. It's going to take some serious enterprising to put people adequately back to work, but most likely China will eventually physically take over America for defaulted debt even US government law says it can't call the debt due. Seem far fetched? Think not. In the end, what the US government says is irrelevant as it will be busted broke and out commission once a cash flow crisis occurs where pay checks fail to be paid to it's people. It would not be the first time the US government seen a shutdown due to a cash flow issue. They walked out on their country... |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu Sep 25, 2008 5:45 am Post subject: |
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| blaseblasphemener wrote: |
| jvalmer wrote: |
I'd buy a nice car for around 50k.
I wonder if 700 billion is enough to intergrate NK into SK's economy? |
NK has an economy? |
Let me rephrase... Integrate NK into SK. Which requires getting them up to speed.
Also, I wonder, if America becomes a poor country again, then maybe manufacturing jobs will come back. When China is all high and mighty and rich, in a century or so. Unfortunately, most of us will be dead by then. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Sep 25, 2008 5:53 am Post subject: |
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700 Billion is about 5.3 % of the US GDP.
Within four years the government will sell off the 700 billion in mortgages for about 770 -800 Billion.
You'll see. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Sep 25, 2008 6:03 am Post subject: |
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| There is no chance in hell of that Joo. |
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