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America's in crisis

Kansas City : MO : USA | about 1 month ago  
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  • Japan's government has announced it will use money saved from a budeget freeze to fund its campaign promises
    Japan's government has announced it will use money saved from a ...
    Source: AFP
Japan's government has announced it will use money saved from a ...

I know a handful of people who believe that America is in a terrible crisis...not only financially, but also fundamentally. Surely if the deficit is so very high & growing by the day...then there must not be any money left for 'bailouts' 'stimulus programs' & 'refunds'. It's just not possible. Let's say I have a checking account & my balance is -$10.00...that means that I not only have no funds, but I am overdrawn as well. I cannot make another withdrawal from that account...because there is nothing there to withdraw. Even if I tell the bank that I need the money to 'bailout' another bank...they're not going to allow me to withdraw the money. Period.

Also...the question of the day is still this: WHERE is the money? Exactly where did it go? Who has it? What are they doing with it? Why doesn't anyone know where our country's money is at? If I go to a bank & get a loan...they will certainly demand to know exactly how I'm going to spend every penny they give me. In fact...I'll probably never see the money, it will be given directly to the lender & I will have to pay fees for all of the transferalls.

What is going to happen to our country when we all figure out that we have NO money?

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News Stories
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  • News Source: Daily Breeze | about 1 month ago
    Banks and other financial institutions must accept the Obama administration's push for the proposed Consumer Financial Protection Agency that would oversee mortgages, credit cards and overdraft practices...Bank of America, JPMorgan Chase, Wells Fargo...
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Blogs
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Reported by JulieBlain

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  • jaketapper

    @jaketapper @nateallen80 so you think it's cool for the CEO of a company receiving taxpayer bailout funds to get, say, a $1 billion bonus?

    about 1 month ago

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