Aces High Bulletin Board
General Forums => The O' Club => Topic started by: SKYGUNS on September 30, 2008, 12:29:36 AM
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i hear it too much on O club.
And its never about the best president to vote for its now about the least worse.
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Au Contraire! Vote for Bob Barr!
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i hear it too much on O club.
And its never about the best president to vote for its now about the least worse.
That's because you're a child and it doesn't affect you currently. And it's least worst...FYI
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That's because you're a child and it doesn't affect you currently. And it's least worst...FYI
It will soon enough, when Daddy has to cut his AH subscription because bills are getting tight.
( I really hope that doesn't happen, but things' look pretty ugly on the horizon for all of us...)
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Already happend here. I'm the "Daddy" here, and I cut AH to help make ends meet. Also cut off Netflix and returned my cable boxes, and didn't sign the kids up for their next set of swimming lessions. Heck, if I were not struggling now, I'd be flyin instead of posting. Thank goodness my ISP is cheap. The good thing is i got no debt, so there are no wolves at the door. I been there, done that, and that's a living nightmare. Still, with gas and milk both around $4/gallon (and we go through both about the same speed) it's tough to make ends meet even with the cuts.
Now, tell me again why my tax money should go to bail out big banks and big business?
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Even as simplistic as my finances are, I could shave off one of my cell phones, take a vehicle or two off the insurance policy, and/or cancell my AH subscription. I would prefer hanging on to my internet as it is as much a tool as it is entertainment.
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Now, tell me again why my tax money should go to bail out big banks and big business?
The way I've seen it explained is.
Because the real problem isnt the markets. Its that credit has dried up. Banks have stopped lending money to each other.
Which means companies that take out short term loans that they use to pay for inventory,supplies and payroll.
For example a contracting company gets a job. untill it gets paid for that job which can typically take anywhere from 30-90 days after the job is complete. But, it still needs money for supplies and to pay its employees.
So what it does is take out a short term loan to meet these needs until it receives payment. At which point the short term loan is paid. And the process starts all over again.
If the credit market dries up. Companies can no longer secure these loans. Which means they cant buy supplies. Or pay their employees.
As a result. Companies start lay offs
Which means the employees cant pay their mortgages and other debt. Which means more homes go into foreclosure debts go into default which furthers the problem. not to mention that people can no longer afford to buy anything. less money is pushed around in the economy. Which drives the markets down even further.
And round and round the merry-go-round we go.
Which is why so many who say that even though they are fundamentally against a bailout. They have to do something
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Even as simplistic as my finances are, I could shave off one of my cell phones, take a vehicle or two off the insurance policy, and/or cancell my AH subscription. I would prefer hanging on to my internet as it is as much a tool as it is entertainment.
Cant do that here.
If you own a vehicle. you have to register it.
Even if all it does is sit on your driveway.
To register it you have to have insurance.
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what about race cars?
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Cant do that here.
If you own a vehicle. you have to register it.
Even if all it does is sit on your driveway.
To register it you have to have insurance.
Welcome to Freedom.