Bush plans to veto housing bill

Of course indeed.May 10th, 2008 - 23:24:37

'all the name calling is a sure sign of superior intelligence. '

Nope, a sign of frustration at tonnys stupidity.

'The banks and loan officers were the main fault here.'

Well by that (faulty) logic banks and loan officers should pay for the bailout, not the taxpayer.


Good luck with that.

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look at U.S. NATIONAL DEBT CLOCKMay 10th, 2008 - 23:46:36

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 10 May 2008 at 11:39:32 PM GMT is:
$9,367,816,808,718.32

The estimated population of the United States is 303,965,683
so each citizen's share of this debt is $30,818.67.

The National Debt has continued to increase an average of
$1.46 billion per day since September 29, 2006!

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Explain.......May 11th, 2008 - 01:00:37

Then shouldn't the U.S. know better than to keep borrowing billions of dollars just as it's been pointed out that homeowners shouldn't have kept borrowing for housing and upgrading. Does the fault just lie with the U.S. instead of China in that case?

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In a word, yes.May 11th, 2008 - 02:42:14

'Then shouldn't the U.S. know better than to keep borrowing billions of dollars just as it's been pointed out that homeowners shouldn't have kept borrowing for housing and upgrading.'

Absolutely. If you look at where the money has been going you will see that it is mostly to entitlement programs. Another reason why we can't elect Obama who is going to blow the lid off the budget by establishing more gigantic entitlement programs and borrow to pay for them.

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see National US Debt, (above)May 11th, 2008 - 10:26:01

If every resident in the USA (Man, Woman and Child) to date is now in debt for
$30,818.67
that means every resident in Europe ,such as Tonni who lives in Belguim, would be in debt for 19,969.26 Euros.
(Lets call it 20,000 Euros)'''''''''''''''''''''''''''''

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Maybe.......May 11th, 2008 - 22:12:26

Bush needs to start paying back the U.S. with his millions after he insisted on borrowing billions for his Iraqi battle.

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Re US National DebtMay 11th, 2008 - 23:19:51

Every resident in the USA (Man, Woman and Child) to date is now in debt for
$30,818.67
that means every resident in Europe ,such as Tonny who lives in Belgium, would be in debt for 19,969.26 Euros.
(Lets call it 20,000 Euros)
and every resident in Britian would be in debt for
15,801.62 United Kingdom Pounds
G.W.Bush, an economic Pariah, had THREE failed businesses before he became President.
The only way he can cling to power and bolster an empty economy (he's already passed the 'Point of No Return' the US having borrowed far more money from China than they can ever repay) is to attack Iran before Jan 20th (TIRANNT).
You can't get rid of a President during a war.
Lucky You.

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Oil price t $200 a barrel ?May 11th, 2008 - 23:32:14

The price of crude oil could soar to $200 a barrel in as little as six months, as supply continues to struggle to meet demand, a report has warned.

With benchmark US light crude passing the $122 mark for the first time on Tuesday, the warning comes from Goldman Sachs energy strategist Argun Murti.

Surging demand was increasingly likely to create a 'super-spike' past $200 in six months to two years' time, he said.

Oil prices have now risen 25% in the last four months and by 400% from 2001.

Mr Murti correctly predicted three years ago - when oil was about $55 a barrel - that it would pass $100, which it reached for the first time in January of this year.

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