Article

2010-04-06 Economy

Senator Gregg: 'This country will go bankrupt'

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Posted by Besoeker 2010-04-06 09:23|| || Front Page|| [11128 views ] Top

#1 Senator Gregg: 'This country ~~will go~~ is bankrupt'

FIFY Senator. You're already borrowing at levels that you can't pay now, or ever and still have a viable economy or government. That is bankrupt.

Posted by Procopius2k 2010-04-06 10:23|| 2010-04-06 10:23|| Front Page Top

#2 P2K is right. Bankruptcy is looked at if you owe 50% of your yearly income and can't pay it back in a timely manner.

The US is pretty much bankrupt since our "earning levels" (see tax income) is tanking thanks to a depression. It will get worse. A lot worse.

Posted by DarthVader 2010-04-06 10:40|| 2010-04-06 10:40|| Front Page Top

#3 known as one of the keenest fiscal minds on Capitol Hill

Which means what?

Posted by g(r)omgoru 2010-04-06 11:20|| 2010-04-06 11:20|| Front Page Top

#4 Moe's was the keenest mind among the Stooges.

Posted by Fred 2010-04-06 11:27|| 2010-04-06 11:27|| Front Page Top

#5 Sen. Gregg is a day late and a dollar short with his brilliant insight. This Congress has systematically destroyed this economy and its currency. Too bad there is no accountability for congress.

Posted by Alaska Paul 2010-04-06 11:37|| 2010-04-06 11:37|| Front Page Top

#6 Problems will strike at the state & local level first: April 5 (Bloomberg) -- Los Angeles will run out of cash on May 5, city Controller Wendy Greuel said today in a release in which she requested a $90 million transfer of reserve funds to pay bills.

Posted by Anguper Hupomosing9418 2010-04-06 11:48|| 2010-04-06 11:48|| Front Page Top

#7 Not to bash Gregg in particular but do we elect morons to Congress or does Congress change them? Im betting on the later.

Posted by rjschwarz 2010-04-06 12:28|| 2010-04-06 12:28|| Front Page Top

#8 known as one of the keenest fiscal minds on Capitol Hill

Which means what?

It means he can win on "Are You Smarter Than a Fifth Grader?" about half of the time.

Posted by DMFD 2010-04-06 20:16|| 2010-04-06 20:16|| Front Page Top

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