BrainKing - Discussion boards (Politics)

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Politics

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27. October 2012, 04:44:18

Papa Zoom

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Did you know that to get out of debt, you need to get into MORE debt.

Seriously, do you know who said that first? In the last video I posted, a liberal actually said that. Where did she learn that?

27. October 2012, 05:33:56

Iamon lyme

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Subject: Re:

Artful Dodger: "do you know who said that first?"

You have to go into debt to get out of debt?... I want to say Obama, because that's probably where that liberal first heard it, but I think some "economist" came up with that theory a few years back. Might have been around the time of FDR, or even before that.

27. October 2012, 06:10:20

Papa Zoom

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Subject: Re:

Iamon lyme: http://www.youtube.com/watch?v=LHFEcyUNBjg

27. October 2012, 06:18:04

Papa Zoom

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Subject: Re:

Iamon lyme: I was bringing in 350 dollars a month LESS than I needed just to pay my basic bills. So, I went to the electronics store, bought a big screen tv (on credit) a new stereo system (borrowed the money from the bank) and a new computer (borrowed the money from my work.

Then I went to the car dealership and bought both a new truck and a new car with all the extras. I took out a loan with their creditor. High interest rate but I'm a bit of a risk.

Then I went to the bank, depleted my savings, gave the money away to a failing company (I know a very bad investment but I had to spend the money somehow) and waited for my indebtedness to change. It didn't.

So I spent more money thinking I must have failed to spend enough. So I doubled my expenditures to record highs. And just to be sure that I had spent enough, I sighed up for about a dozen charities where they take the money right out of your checking account. I figured what the heck and signed up for 100 dollars for each of them per month.

So NOW instead of being 350 dollars per month behind every paycheck, I"m $2700.67 behind every month.

I must be doing something wrong.

Maybe Biden was wrong?