Bailout for the American People?
Friday, January 20th, 2012 at
12:43 pm
There’s a new proposal being floated out there, massive debt relief, it may seem a little radical but some economists argue that it’s the only way to get out of this mess. Just think about it, tens of millions of Americans are burdened with mortgages they can’t afford, as well as student loan debt, credit card debt….we’re a country that likes to charge and pay later. But since the banks got a bailout….could the American people get one too? Reason’s Anthony Randazzo weighs in.
Video Rating: 4 / 5
Tagged with: American • Bailout • People
Filed under: VIDEOS on CREDIT CARD DEBT SETTLEMENT
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Wow, don’t tell me the american people living so far beyond their means it’s not even funny any more. Giving anyone bailouts over unpaid debt just perpetuates the cycle, because the only way these people are going to learn is by making them experience hardship.
More bailouts? done that not equal more inflation?!
i’m so confused. reporters are telling us the truth… what’s going on?
No shit there’s not enough money to pay off the debt. The only way to create money is through debt. Fucking think.
The money system is the worst thing society has done to itself. Corruption and shit storms everywhere because of something we’ve created and implemented.
That’s like making a game you cannot beat. You’ve made the rules, yet no way to win.
some one help me just who is the us owe money to.
would Accept 4 value work? Could it be done? and how could we use the Accept 4 value??
Relieving debt would then reward those who put themselves in debt recently. What about all the seniors or smart folks who never put themselves in debt or have already paid it off? If one American receives ten’s to hundreds of thousands in relief, then every American should as well, no? Which sounds great but, wouldn’t that simply increase inflation? Another thought, how would this help the wealth disparity in the country? It’s the ratio between each individual that makes a society healthy.
Once again Bernanke says “hey look over there!” That bucker will never admit responsibility.
If they’re surprised that there aren’t enough dollars on the planet to pay off all debt, then these two really don’t know much at all about economics. The world’s assets include land, homes, precious materials, cars, computers and lots of other stuff. Why do they assume we should have dollar offsets to everything of value?
i vote to destroy the monetary system! it’s not working! but for the moment take down wallstreet and all those bankers, close down the federal bank, start sending to jail all those criminals to jail and take all of their money! including lawyer, judges, senators everyone that helped to destroy the world economy! lobbying make it against the law! healthcare for everyone! corporation should work for we the people. legalize all types of drugs! that will end cartels, gangkillings & special inter
i vote to destroy the monetary system! it’s not working! but for the moment take down wallstreet and all those bankers, close down the federal bank, start sending to jail all those criminals and take all of their money! including lawyer, judges, senators everyone that helped to destroy the world economy! lobbying make it against the law! healthcare for everyone! corporation should work for we the people. legalize all types of drugs! that will end cartels, gangkillings & special inter
People need to read the Schrodinger Cat trilogy to see one intelligent person’s speculation about the options available to the “first” world. Hint: it doesn’t slowly settle into the neo-fuedalist world that Chris Hedges warns about, and the 1200+ billionaire rulers of the world are likely expecting the global economy to settle into.
why is it that the idea of bailing out AMERICANS rather than financial institutions is only coming up NOW? REALLY WASHINGTON, REALLY?
@garytcw Right….because other countries aren’t haveing the same financial problems like America?….The entire world is ran by central banks that use a similar banking systems…..so moving to another conuntry would just be running away from the source of the problem witch is the Federal Reserve and their Fiat Dollar that is traded around the world……and causing many other country’s financial systems to fail….What do you know about a Resource Based Economy? Before you dismis it?
Randazzo is making the assumption that creditiors must to be paid in full.
Why not make the creditors pay for making stupid loans? Wipe away a portion of the debt created by the greedy creditors who shouldn’t have made loans to people that really didn’t qualify for a mortgage in the first place.
Figure out what mortgage holders can reasonably pay given their current situation and wipe away whatever is in excess of that debt.
@mesmokumpeacepipe YEP therez no reason in the world that rent should be the same or HIGHer than a house note! what a joke!
Hmm if there isnt enough money in the world to pay off the dept that means the money never REALLY was never there to begin with so why would a person have to pay back something that NEVER was.I dont get people who dont understand that if a person can just make money out of nothing you will NEVEr be able to pay them back because there is just not enough money.
My rent has already increased 25% since 2009. I’ve looked around: My rent is cheap relative to the surrounding area because my landlord likes me and I’ve been here for so long. I’m considering moving to another state due to cost of living. I can’t even imagine what others are going through.
The crucial systems of this country can’t work without people. (At least not yet) Now is the time for SABOTAGE and GENERAL STRIKES! Move YOUR money out of Mega-Banks! Stop buying their poisonous food! It’s NOT more conveniant or cost effective in the long run and ultimatly serves the Disease Industry the cause of KILLING THE POOR . Use technology to educate yourself! We’ve given Media to much power as to what #Occupies our minds. Never before have so many had access to so much informationUSEIT
I will pay MY debts– I don’t want to be taxed to pay some other dumb ass’es debt
@capucchan8 But he said he was going to buy my house for me, I remember!
“There’s not enough rental property for all these people.” So you don’t think it would be a good idea to let the people living in the house at the time of foreclosure rent the home?
@Scoripo81 “It’s time to move into a RESOURCE BASED ECONOMY”
No, it is time to move to ANOTHER COUNTRY. Your government mirrors the Chinese government, and even worse, your government is going worse while the Chinese government is getting more open (due to repeated international pressure, from gov like yours ironically)
You think “its time to change…” anything will work with cops like tony balony? Leave while USA citizen is not known to the world as terrorist or refugee (gop or lib).
At what point will people realize that the change has to start with a complete reversal of the policies coming out of Washington?? As long as corporate interest controls our government, then this boat will never right itself. Bail out as many people as you want. Print as much money as you want. It doesn’t matter. But there is a 100% chance that idiot America will vote in the same clowns all over again in 2012. So, where does the fault actually lie??
Financial Enemy of Greece, Ireland, Italy, Spain, Portugal, & America – Jew
1. Goldman Sachs CEO, Lyold Blankfein – Jew
2. IMF Deputy CEO, John Lisky - Jew
3. Ex IMF CEO, Dominic Strauss - Jew
4. World Bank CEO, Robert Zoellick – Jew
5. Ex World Bank CEO, James Woolfesen – Jew
6.Fed Chairman, Ben Bernanke – Jew
7.Ex Fed Chairman, Alan Greenspan -Jew
8.Obama Treasury Secretary, Timothy Geithner -Jew
9.George Bush Treasury Secretary, Hank Paulson -Jew