Wad of cash?
Rex Babin Cartoons
Thursday, July 31, 2008
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But in California they had it all figured out where the rich could stay rich and feed the poor on borrowed money, now 15 billions in the hole! They kept borrowing money and selling bonds borrowing more money. Well, people will trust you so long, and then they quit trusting your ability to ever pay it back. So if you keep living on borrowed money, there comes a day when you have to pay it back when those bonds begin to come due.
These debts began to come due with all their big high interest rates and they didn't have the money to pay them back. She'd been living on borrowed money all the time and wasn't even raising enough money for her current expenses, much less to pay back her debts. So if California goes bankrupt and defaults on all these debts, all these bonds are worth nothing and all these people who put their money in the bank can't get it back because the bank goes bust because the money's gone, and its all just on paper!
Ted Rudow III,MA
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Monday Jul 28th, 2008 6:55 PM
The recent granting of no-bid, immensely lucrative contracts to western oil companies, this would seem to indicate that McCain is perfectly comfortable continuing the neo-colonial corporate endeavors undertaken by the Bush administration.
In "1984", it incessantly relays messages from the Party and simultaneously allows the dreaded “thought police” to tune into the activities of any individual at any given time. The administration is divided among four Ministries- the Ministry of Truth, which deals with news, entertainment, education and fine arts, the Ministry of Love which maintains law and order, the Ministry of Peace which wages war and the Ministry of Plenty which handles economic affairs. The very vocabulary of the people was under Party Control; a system called “newspeak” was encouraged.
McCain is a supported of the "Ministry of Peace". The slogans of Newspeak are “War is Peace” Freedom is Slavery” and “Ignorance is Strength.” are his too!" Christian warmongers, which he is part of, would rather be associated with Bush and the war than with people whom they and others have deemed undesirable. In actuality, however, they are choosing to be associated with a war criminal and murder than with the truth just because some people who are usually wrong happen to be right on this particular issue.
Ted Rudow III,MA