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Post by eva on Oct 2, 2008 19:13:47 GMT -5
don't jump on me, I don't care about economics, nor I understand much, I just found this interesting $700bn: - Would clear the accumulated debt of the 49 poorest countries in the world ($375bn) twice over
- Is almost 5 times the annual amount of extra aid needed to achieve all the Millennium Development Goals on poverty, health, education etc ($150bn a year)
- Is about 7 years of current global aid levels ($104bn in 2007)
- Is enough to eradicate all world poverty for over two years (UNDP calculates it would take $300bn to get the entire world population over the $1 a day poverty line).
On the other hand it’s - only a quarter of the cost of the Iraq war ($3 trillion on Joseph Stiglitz’ calculation )
- a half of annual global military spending ($1339 bn)
www.oxfamblogs.org/fp2p/?p=50
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Post by Way Cool Jr. on Oct 2, 2008 19:16:05 GMT -5
you can also rescue the world economy
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Post by Way Cool Jr. on Oct 2, 2008 22:32:04 GMT -5
I wasn't trying to jump on you
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Post by eva on Oct 3, 2008 8:08:36 GMT -5
I always have a bit of a problem with phrasal verbs I wasn't sure if it was "jump on" or "jump at" ;D
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Post by Moorish on Oct 3, 2008 11:36:07 GMT -5
Fucking fat cats want their bail out. Pfffffft, piss on them.
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Post by AbbeyR0ad on Oct 3, 2008 17:47:18 GMT -5
yeah but sadly the bailout was pretty much necessary unless you want another depression.
pretty socialistic of the gov. oh well. better than nothing.
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Post by Deleted on Oct 4, 2008 5:42:56 GMT -5
i don't undersatnd any of it, but i would like to know where the bailout money is comming from. cos i thought the US government didn't have any money. so is a debt bailing out a debt?
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Post by AbbeyR0ad on Oct 4, 2008 12:30:12 GMT -5
i don't undersatnd any of it, but i would like to know where the bailout money is comming from. cos i thought the US government didn't have any money. so is a debt bailing out a debt? it's coming from us.
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Post by wankinginthebushes on Oct 4, 2008 14:14:50 GMT -5
i don't undersatnd any of it, but i would like to know where the bailout money is comming from. cos i thought the US government didn't have any money. so is a debt bailing out a debt? The Tax payer will foot the bill
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Post by Way Cool Jr. on Oct 4, 2008 16:46:15 GMT -5
i don't undersatnd any of it, but i would like to know where the bailout money is comming from. cos i thought the US government didn't have any money. so is a debt bailing out a debt? it's coming from us. By 'us' you mean you're in the top 5% of income earners that pay 90% of our taxes or do you actually believe that line?
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Post by Deleted on Oct 5, 2008 7:17:15 GMT -5
By 'us' you mean you're in the top 5% of income earners that pay 90% of our taxes or do you actually believe that line? so the other 10% doesent matter?
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Post by AbbeyR0ad on Oct 5, 2008 11:15:11 GMT -5
By 'us' you mean you're in the top 5% of income earners that pay 90% of our taxes or do you actually believe that line? i didn't even understand that question to be honest. what i mean is that anyone who thinks their taxes aren't going to go up under either candidate is just kidding themselves.
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Post by Way Cool Jr. on Oct 5, 2008 17:02:02 GMT -5
By 'us' you mean you're in the top 5% of income earners that pay 90% of our taxes or do you actually believe that line? so the other 10% doesent matter? you mean the 95% of Americans that either don't pay taxes or pay the rest of the 10%? Yes, they don't matter so much because they aren't footing the bill
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Post by MEANSTREAK on Oct 6, 2008 14:03:24 GMT -5
yeah but sadly the bailout was pretty much necessary unless you want another depression. pretty socialistic of the gov. oh well. better than nothing. that's a bunch of bullshit man. Right now in the midst of this bailout you can't get any loans talk my wife just got $45,000 from Sallie Mae for school. People who are creditworthy will still be able to get loans no problem. The dregs who never should have been loaned money in the first place will be the ones to suffer, as does everyone when they don't pay thier bills. And speakin of the big bailout, why is it that ever since the moment the bill passed the stock market has been tanking? The English FTSE had the worst drop in 20 years today, the Asian markets all went to shit today and the DOW dropped below 10,000 for the first time since 2004!? Bailout bailshmout.
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Post by MEANSTREAK on Oct 6, 2008 14:06:15 GMT -5
aww I'm so pissed right now the all said "we need to do this to save your retirement accounts" etc, fuckin shit I've lost more money in the few days since they passed the damn thing than I have all year in my accounts. buncha crap. But Freddie Mac is like $1 a share now so I'm thinking about loading up for when the bailout money comes through. silver lining maybe.
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Post by Way Cool Jr. on Oct 6, 2008 18:17:45 GMT -5
aww I'm so pissed right now the all said "we need to do this to save your retirement accounts" etc, fuckin shit I've lost more money in the few days since they passed the damn thing than I have all year in my accounts. buncha crap. But Freddie Mac is like $1 a share now so I'm thinking about loading up for when the bailout money comes through. silver lining maybe. don't do it...it's gonna be further diluted in the future
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Post by AbbeyR0ad on Oct 6, 2008 21:40:18 GMT -5
it's definitely one of those "going to get worse before it gets better things" or at least i hope...... it was basically a decision between something really bad, or catastrophically bad.
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Post by KPZK the Most Supreme...Thingy on Oct 16, 2008 12:23:17 GMT -5
I heard somewhere that among the many things you could do with all the $$$ that's been poured into the Iraq war is paving the streets with gold. I think it was in a book about the various things you could do with the aforesaid money.
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Post by gavincampbell on Oct 18, 2008 15:18:02 GMT -5
the whole of this forum could go see oasis at every venue worldwide and drinks and acommodation paid and still change for a bag of m&ms and a bag of skittles
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