COL Gene COL Gene

Bush Mortgage Action TOO Little TOO Late!

▼

Bush Mortgage Action TOO Little TOO Late!

from JoeUser Forums


The help President Bush signed into law this week will help some 200,000 people with mortgages that are in trouble. Some argue that Tax Payers should not bail out the bad choices of individual home owners or the mortgage industry. If the consequences of these failures only impacted those who made the bad choices that rational would make sense.

The problem is that the magnitude of the mortgage failures could trigger a major recession and credit crises. That is why the fed and Bush have decided to act. Former Fed Chairman Greenspan believes the mortgage problem is a VERY serious issue and has supported actual direct funding from the federal Government to individuals to help them refinance their mortgages to avoid default.


To date about 3 million mortgages have defaulted and there are as many as another 2 million that are believed to be in danger of defaulting. The plan Bush provided only deals with 200,000 of the 5,000,000 mortgages that are part of this problem. That means Bush has provided help for about FOUR PER CENT of the problem! Does he believe that the possible recession and credit problem can be avoided by dealing with only 4% of the problem?

The action Bush and his administration took to solve major issues facing our country do not come close to fixing the problem at hand. It is just like the Bush plan to give tax credits so people without health insurance can afford to purchase private insurance. The estimate is that the Bush health plan would solve the issue for 3 of the 47 million who need health insurance. That is just over 6% of the health insurance problem. Why does take action Bush takes does not deal with the issue at hand? So Bush and his SPIN DOCTORS can make it look like he CARES!
politics
23,339 views 73 replies
Reply #51 from JoeUser Forums Top
GREED is “excessive desire for acquiring or having; desire for more the one needs”. That describes the wealthy like Cheney and Bush. It also describes the people who support the Bush and the GOP policies of the past 7 years!
Reply #52 from JoeUser Forums Top

GREED is “excessive desire for acquiring or having; desire for more the one needs”. That describes the wealthy like Cheney and Bush. It also describes the people who support the Bush and the GOP policies of the past 7 years!
End of quote

Really? You are a mind reader now? You know they have an excessive desire? You know how much someone "needs"?

I wonder what your definition of a fascist is? Maybe someone who believes they should be able to decide how much other people "need" to live?

Why don't you demand that your taxes be increased by say $20,000 a year to help support these programs?

Object Desktop - Get all of our enhancement utilities in one suite
Reply #53 from JoeUser Forums Top
Why don't you demand that your taxes be increased by say $20,000 a year to help support these programs


First I did not get the big tax cuts and second my income is not even close to the top 10%!
Reply #54 from JoeUser Forums Top
First I did not get the big tax cuts and second my income is not even close to the top 10%!
End of quote


so
Reply #55 from JoeUser Forums Top
Really? You are a mind reader now? You know they have an excessive desire? You know how much someone "needs"?


People making a million dollars have a lot more then anyone NEEDS under any reasonable standard. There is no reason why the wealthy can not pay more in taxes. They should NEVER have been given the Bush tax cuts since they were not being overtaxed in 2001 as Bush claimed. Our tax burden was just equal to our spending and that is what we need to achieve. After we settle on the amount we will spend, we need to insure we tax that same amount. It is just like a person who must either have a job that provides what they need to pay their bills or get either a better paying job or a second job if they do not have enough money. The answer is not to just put it on the plastic like Bush and the GOP are doing!
Reply #56 from JoeUser Forums Top
People making a million dollars have a lot more then anyone NEEDS under any reasonable standard.
End of quote


again who made you the person to decide how much is to much for anyone to make.


also who made you the person to decide how much they can afford to pay in taxes.


also who made you the person to decide that the rich don't have as many problems as the poor do.
Reply #57 from JoeUser Forums Top
again who made you the person to decide how much is to much for anyone to make. also who made you the person to decide how much they can afford to pay in taxes. also who made you the person to decide that the rich don't have as many problems as the poor do.


ONLY A FOOL would argue that people making hundreds of thousands or millions per year do not have far more then the NEED! If you want to make such a statement, be my guest!
Reply #58 from JoeUser Forums Top
ONLY A FOOL would argue that people making hundreds of thousands or millions per year do not have far more then the NEED! If you want to make such a statement, be my guest!
End of quote




then i am a fool. because i don't know if said person has medical expenses that i don't know about.
Reply #59 from JoeUser Forums Top
you see gene your assuming that the guy making a million or more doesn't have any more expenses than you. but you have no idea what they are paying for.


maybe they have the mom and dad in the hospital. or wife or kids or some other family member.


bill gates was donating 300 million a year to charity. where would that money have come from if he wasn't making more than that. how many kids was he helping with that 300 million.
Reply #60 from JoeUser Forums Top
Reply By: danielostPosted: Monday, December 24, 2007
ONLY A FOOL would argue that people making hundreds of thousands or millions per year do not have far more then the NEED! If you want to make such a statement, be my guest!
then i am a fool. because i don't know if said person has medical expenses that i don't know about.


Any person with an income at that level would have medical insurance and your excuse is just that-- AN EXCUSE!

Reply By: danielostPosted: Monday, December 24, 2007you see gene your assuming that the guy making a million or more doesn't have any more expenses than you. but you have no idea what they are paying for. maybe they have the mom and dad in the hospital. or wife or kids or some other family member.



The issue is not can someone spend (Have expenses as you put it) that much but do they have what they NEED! Anyone with incomes like I am using can afford to return to the tax rates in effect during the 1990's and have every thing and more then they NEED!!!!!
Reply #61 from JoeUser Forums Top
Any person with an income at that level would have medical insurance and your excuse is just that-- AN EXCUSE!
End of quote




i am sorry but insurance only covers so much after that you are on your own.
Reply #62 from JoeUser Forums Top
Reply By: danielostPosted: Monday, December 24, 2007
Any person with an income at that level would have medical insurance and your excuse is just that-- AN EXCUSE!
i am sorry but insurance only covers so much after that you are on your own.


My wife has had expenses with cancer in excess of a million dollars and it was all covered by insurance. It depends on the type of coverage. A person with a position paying hundreds of thousands or millions most likely has the best coverage from their employer or can afford to purchase such coverage.
Reply #63 from JoeUser Forums Top

First I did not get the big tax cuts and second my income is not even close to the top 10%!
End of quote

So? You believe these programs are necessary.  Put your money where your mouth is.

Reply #64 from JoeUser Forums Top

ONLY A FOOL would argue that people making hundreds of thousands or millions per year do not have far more then the NEED! If you want to make such a statement, be my guest!
End of quote

Pure Marxism.  From each according to their ability to each according to their need.

The motto of the parasite.

Reply #65 from JoeUser Forums Top
Reply By: DraginolPosted: Monday, December 24, 2007
First I did not get the big tax cuts and second my income is not even close to the top 10%!
So? You believe these programs are necessary. Put your money where your mouth is.


Let’s put back the tax cuts to the wealthy that were not justified since we did not have a SURPLUS to return as Bush said!
Reply #66 from JoeUser Forums Top
Pure Marxism. From each according to their ability to each according to their need.


Returning to the tax rates of the 1990's has NOTHING to do with your quote. As usual your do not know what you are talking about!
Reply #67 from JoeUser Forums Top

Returning to the tax rates of the 1990's has NOTHING to do with your quote. As usual your do not know what you are talking about!
End of quote

LOL. Yea, the guy who wants the guvment to solve all problems is just an economic genius...

You want the rich to pay for your stuff because "they can afford it" and for you to pay nothing extra because you "need".

Gene, you're greedy. It's as simple as that. You demand other people pay for things you want. That's greed.

Reply #68 from JoeUser Forums Top
When the top 5% of earners already pay 50% of all taxes, they are not being greedy. And you can't say Cheney's tax return or any "loophole" BS proves me wrong. I can't help it that you can't see the forest for the trees.

Merry Christmas.
Reply #69 from JoeUser Forums Top
Reply By: DaiwaPosted: Tuesday, December 25, 2007When the top 5% of earners already pay 50% of all taxes, they are not being greedy. And you can't say Cheney's tax return or any "loophole" BS proves me wrong. I can't help it that you can't see the forest for the trees.


It is not what % they pay of the total taxes. When people with incomes like Cheney pay only 23% income tax and 3/10 of 1% in Social Security Taxes and 1.5% in Medicare taxes he and anyone like him is NOT OVER TAXED and should not have received the Bush Tax Cuts! There was NO justification for the Bush tax Cuts because THERE WAS NO SURPLUS to give back to the wealthy as Bush claimed!
Reply #70 from JoeUser Forums Top

Typing in bold and caps doesn't make your point better. It just makes you look like a lunatic.

Anedotal examples of people who you feel don't pay enough in taxes doesn't change the facts on the ground: The top 10% of tax payers pay the vast majority of taxes.  That's a known fact.

Reply #71 from JoeUser Forums Top
The percentage doesn't matter - for every dollar you tax from the wealthy, a dollar is now no longer paid to the middle/lower classes.
Reply #72 from JoeUser Forums Top
Personally I don't want my boss's taxes raised because that will either cut out my pay raise or eliminate my job completely. Screw you Gene, I like my job.

And the mortgage bailout is in fact welfare. Even Greenspan says that there's only a 50% chance the mortgage debacle will cause any sort of recession. For the dimwitted, that means maybe it will and maybe it won't. Translation, he doesn't know either.

The mortgage companies themselves could deal with the situation out of self-preservation. They don't want all of those homes because they know they couldn't possibly sell them and recoup their expenses. The airwaves have been flooded with ads from mortgage companies offering fixed rate refinancing for these people at little to no refi costs.

That's called free enterprise. Of course that always rubs you pinko commies the wrong way, doesn't it? Better to play Robin Hood and steal money from other people (never yourself) to give to those poor unfortunate idiots.
Reply #73 from JoeUser Forums Top
The world wouldn't be the same without Mason's trucker blog! We must not raise taxes on the rich!