700 Billion= Serious Coin
First of all lets discuss what 700 Billion is. If you divide it by the population of the USA it equals $2,333 per every man woman and child. Now we know that 5 year olds don't pay tax so you do you own calculations and see how that number grows as it is tied to actual taxpayers.
Now that the trickle down perspective is established I want to provide some information on how it is going to effect YOU!
There once was an idea called the Community Reinvestment Act. The CRA was implemented to get financial institutions in the habit of making loans to loan applicants that ordinarily would not qualify. These financial institutions balked at the idea in the beginning since they are a business and preferred to make a profit. In order to overcome this obstacle there was the option for the financial institutions to sell off the bad loans if they needed to a back up quasi operation. This "business" was named Fannie Mae and or Freddie Mac.
After a healthy amount of time went by a guy who was really good with numbers noticed that a whole lot of bad loans were being sold to Fannie & Freddie and it was beginning to strain F & F resources. His name was Greenspan. Being a responsible kinda guy he passed the info up the line and it finally wound up on the desk of George Bush. The whole Hee Haw gang (GOP) got together and said we better do something about it. A guy named John McCain was one of the ones that agreed with George & Alan along with a lot of other Republicans. They even brought it up in a few speeches and tried to sponsor legislation to avoid the impending financial problem.
They ran into a bit of opposition. Come to find out the idea originally came from several community organizers that had a bit of political clout, as long as they stuck together and so they did and that harebrained idea of making adjustments in 2005 was even allowed to be be presented to the Senate for a vote.
Now we fast forward to late 2008 and those idiots Greenspan, Bush & McCain ended up being right all along.
I just got finished listening to Sen. Obama and man did he ever take the wood to George & John for allowing the awful thing to happen. You see Sen. Obama knows there are a lot of foolish people in this country that love to hear that word change. They love it so much that it is like music. He can actually blame George, Alan, John & the rest of the GOP and he knows they won't check into the details.
Now make sure you trot down to the booth Nov 4th and vote for him so he can raise your taxes and continue to financially prop up the non productive members of the economy. Worked out great in 2005, huh? Don't even think about voting for that guy that stood up and said it was a crock of crap. Even though he was right he is a member of the GOP, you know how they lie!
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