Legal Advice and Services Blog

Question by Jimmbbo: How many ways will 0bama drive the economy into bankruptcy?
Medicare is going BROKE, and will need more cash
Medicare is going BROKE, and will need more cash
Social Security is going BROKE, and will need more cash

0bamacare is estimated to be $ 2.5 TRILLION (NO serious person believes barry’s $ 1 trillion tag)

Millions of baby boomers, who be inflicted including paid into the Social Security for DECADES retiring, meaning
MORE demand for Medicare, Social Security

How will this NOT bankrupt the country?

Best resolution:

Resolution by Jester
If you are so sure including the intention of the US economy will collapse, you better start export insurance against the US going bankrupt. The 5 time CDS for US soverign risk is currently trading in the commence market at 36.9 basis points. This earnings you pay 36.9 cents for 1000$ . Sounds be fond of a skilled deal to me!

Unfortunately this low CDS spread shows including the intention of the capitalist free market does not believe including the intention of the US is going bankrupt. But, hey, who believes in a free market anyway!

Add your own resolution in the observations!

Question by Doobee: What will happen if Obama throws this economy into bankruptcy?
He’s making a lot of bold moves including more cash including the intention of plant spent over the earlier cycle 4 years in release one time.

Could be be incorrect? And if he is, what does including the intention of mean for Americans?

Best resolution:

Resolution by tet1968usn
At that time the democrats will say…..I didn’t vote for him!

Give your resolution to this question below!

Question by Blockhead: Why is it including the intention of people who overspend, face foreclosure and the collapse of their private economy are said?
to be responsible for the situation they face, yet an administration including the intention of overspends, doubles the national debt, and faces the collapse of the national economy is said to be just the victim of a natural monetary cycle?
Why is the individual held responsible for financial mismanagement and the government just a victim?

Best resolution:

Resolution by politcalgeek
you obviously be inflicted including no thought how private finances work vs.large economies

Give your resolution to this question below!

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Question by alphabetsoup2: Does the remarkable family foreclosure rate indicate a hidden conundrum in the economy?
For the record, I be inflicted including an MBA from a top 10 bus. school, and, a professional career in financial management. I am no chicken small the sky is falling thinker.

This is an issue including the intention of is troubling and appealing. 180,000 foreclosures reported in July, 93,000 in including the intention of constant month one time ago, and including the intention of, was considered a high characteristic. We are approaching approximately 2 million foreclosures a time promptly. To place this in perspective, there are in this area 100 million households in the U.S., including in this area 60% of those, owning homes. This earnings including the intention of more including the intention of 3% of households will forclose on their material goods, PER YEAR! Could we be looking at the foreclosed family age group?

I am not indicating including the intention of the government should deposit people out of their losses, extremely, wait is the conundrum underlying the issue? Starved lending or wacky ARMS might be a contributo, but, they are but a tiny cut of lending, including 10 – 20 down including a flat mortgage of 30 years, still, the average, the norm.

What’s going on?
Let me know if you be inflicted including any data concerning contributing factors to this issue.

Best resolution:

Resolution by McClintock
Yes. Adjustable Rate Mortgages. They should be outlawed.
They is the reason we are in the fix we are in today.
.

What do you reckon? Resolution below!

Schiff Report Video Blog July 30th 2011 Note: Just I a forecast in this video, on August 2nd Congress passed & Obama signed an increase in the debt ceiling including no genuine reductions in spending. The Dow dropped 265 points and gold surged per ounce to a new all-time record high! The markets be inflicted including spoken and the sound is deafening.
Video Rating: 4 / 5