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alstry (35.09)

It is NOT the Federal Debt that is a problem....

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September 08, 2010 – Comments (7)

IT IS THE NON FEDERAL DEBT.....

America is the only nation in the world where the NON Federal debt is more than twice as much as the Federal Debt(soverign debt)......

and we gotta lotta of Federal Debt.......

and the Federal Government and Wall Street is doing very little to bail out the NON federal while the private sector is doing lots to bail out Washington and Wall Street......

It is amazing how the only one's left borrowing significantly in Generation Debt are politicians and Wall Street companies....

while the Digital Generation is faced with getting cut off of credit and dealing with the largest accumulated private debt burden in human history......

7 Comments – Post Your Own

#1) On September 08, 2010 at 3:46 PM, alstry (35.09) wrote:

NON Federal debt is everywhere......

Cities, Counties, States, Schools, Businesses, Mortgages, Families, 401Ks, IRAs, Public Company Bonds, Commerical lending, Pensions, Commercial Real Estate, Residential Real Estate, Credit Cards, Student Loans, Municipal Bonds, etc....

and if Wall Street isn't lending.....it is mathematically impossible to pay back the NON Federal debt.......

and the nation shuts down because in the end, we are essentially one big condo association Collectively Interdependent upon one another.....

http://www.marketwatch.com/story/financial-crisis-hits-co......

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#2) On September 08, 2010 at 5:01 PM, mtf00l (44.70) wrote:

If you were the Vice President and the President came to you and asked "Ok, you seem to know alot about what's going on in the economy.  How do we fix it?"

What is your answer?

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#3) On September 08, 2010 at 5:05 PM, Acesnyper (< 20) wrote:

To be honest, wouldn't it be fair to say debt is the problem?

 It's just been wielded carelessly by wall street main street and the government. 

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#4) On September 08, 2010 at 6:12 PM, alstry (35.09) wrote:

Restructure the PRIVATE debt......

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#5) On September 08, 2010 at 6:44 PM, alstry (35.09) wrote:

As the Collective Interdependence Condo analogy is catching on fire......

Condo owners may be ruing their decision to buy

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#6) On September 08, 2010 at 9:59 PM, JerseyShoreGirl (< 20) wrote:

Condo pools aren't so bad, Alstry ... at least the Gulf region residents don't think so ...

http://www.youtube.com/watch?v=vXYjFRBcklE

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#7) On September 09, 2010 at 11:08 AM, mtf00l (44.70) wrote:

Awesome, thanks.

Please define "Restructure".

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