close

Privacy guaranteed - Your email is not shared with anyone.

Taxpayers to Lose Billions on GM

Discussion in 'Political Issues' started by aircarver, Dec 19, 2012.

  1. aircarver

    aircarver Descent Terminated Silver Member

    Joined:
    May 26, 2002
    Messages:
    29,646
    Likes Received:
    6,578
    Location:
    Ft. Worth, Republic of Texas
  2. jrd22

    jrd22

    Joined:
    Nov 16, 2012
    Messages:
    131
    Likes Received:
    1
    Location:
    NW Washington
    What's a couple a billion between friends? We'll be lucky if this boondogle doesn't cost us a lot more than 13B.
     

  3. aircarver

    aircarver Descent Terminated Silver Member

    Joined:
    May 26, 2002
    Messages:
    29,646
    Likes Received:
    6,578
    Location:
    Ft. Worth, Republic of Texas
    Do we, at least, get a free Silverado with that ? ... :whistling:

    .
     
  4. HarleyGuy

    HarleyGuy

    Joined:
    Mar 29, 2008
    Messages:
    3,566
    Likes Received:
    269
    I get a little confused when dealing with so many zero's but let's take a look at this.

    With an estimated population of 330 MILLION in the U.S., 13 BILLION would equate to about what, $ 40 each per person?

    Our current National Debt of 16.4 TRILLION DOLLARS is nearly $ 50,000 for each one of us.

    I just heard this morning on Fox News that every household's share of the National Debt is $ 149,000 dollars.
     
  5. cowboywannabe

    cowboywannabe you savvy?

    Joined:
    Jan 26, 2001
    Messages:
    23,312
    Likes Received:
    7,926
    you say that like obama cared.....he will make it up by taxing successful American more and more, then punishing small businesses with a health care tax.
     
  6. jeanderson

    jeanderson Making America great again! Platinum Member

    Joined:
    Apr 11, 2012
    Messages:
    7,437
    Likes Received:
    8,016
    Location:
    Ohio
    This is what happens when government picks winners and losers.

    You think the Chevy Volt would even exist if it weren't for the Federal Government subsidizing every car? Stupid, stupid, stupid government at its finest.
     
  7. WT

    WT Millennium Member

    Joined:
    Jan 12, 1999
    Messages:
    3,502
    Likes Received:
    1,010
    $13 billion? Heck, that's chump change. The US Army spends that much money every week.
     
  8. pugman

    pugman

    Joined:
    May 16, 2003
    Messages:
    6,280
    Likes Received:
    493
    Location:
    Wisconsin
    Serious question: at this point what does it matter?

    No one wants the federal government to fail or the American dollar to completely collapse. Congress, being they are in a real sense of power, are very happy with the status quo. This said...

    There is no plan*. The government will continue to beg, borrow, steal, print, rape and pillage until someone finally decides to not accept the dollar any more. And when that happens they might pull a gun telling them they have to accept it.

    Everyone for the most part is in the same boat. Imagine a complete financial collapse of the federal government happens over a period of several weeks to a month the impact will be 1) as substantial as WW2 or 9/11 2) will be felt world wide. China would probably layoff millions within the first few days.

    $13 billion? Eh, its less than 5 days interest on the national debt. Depending on who you want to believe, the federal government has a net worth of a negative $60-$80 trillion dollars....or $220 or $660K per citizen/taxpayer. Billion, Trillion...Quadrillion - its just a extra printed zero at this point.

    The federal government's books are so one sided it boggles the mind....take every penny from every billionaire in the U.S and you offset deficit spending for a single year?

    *the only real plan at this point is two parted. 1) there is no intention on every paying this off 2) if the federal government could control the collapse in any real fashion. This control could be martial law. I don't think its legal (then again, what's "legal" is whatever they say it is) but could they file some sort of bankruptcy?

    Hell, once the dollar fails and GM is able to shed all its liabilities and union obligations it might be valuable again...Hold on to the stock!
     
    Last edited: Dec 19, 2012
  9. Wake_jumper

    Wake_jumper

    Joined:
    May 3, 2007
    Messages:
    2,538
    Likes Received:
    641
    Location:
    Kansas
    But think of all the union jobs that were saved in MI and OH. Oh and we know how those folks voted... so indirectly, the bailout got O' re-elected too.
     
  10. rj1939

    rj1939

    Joined:
    Jul 18, 2008
    Messages:
    4,111
    Likes Received:
    2,148
    Location:
    Deep behind enemy lines in Obamistan
    Here is what Zero Hedge had to say:

     
  11. rj1939

    rj1939

    Joined:
    Jul 18, 2008
    Messages:
    4,111
    Likes Received:
    2,148
    Location:
    Deep behind enemy lines in Obamistan
    GM is sitting on @250,000 p/u trucks and they just introduced the 2014 model...................are the 2013 models going to be left over 2012's? Disreguard the faded paint and cracked dash........it is a new model.
     
  12. aircarver

    aircarver Descent Terminated Silver Member

    Joined:
    May 26, 2002
    Messages:
    29,646
    Likes Received:
    6,578
    Location:
    Ft. Worth, Republic of Texas
    Give 'em to us that paid for 'em ..... :whistling:

    .
     
  13. whoflungdo

    whoflungdo

    Joined:
    Jul 15, 2008
    Messages:
    8,412
    Likes Received:
    134
    Location:
    MS
    No..but you can have a Chevy Volt...