Comments for Debt Consolidation Information

Comment on What are Bush's plans to reduce the trillion dollar National debt? by Baby Poots

Baby Poots — Tue, 13 Jan 2009 22:22:59 +0000

What plans do individuals have to reduce their debt? Consumer debt effects the U.S. economy, too. Will individuals leave their debts to their heirs? Who is going to pay the millions of dollars owed by people like me who have accumulated debts we cannot pay? Is Bush more accountable for the National debt than consumers are for the debts they have accumulated, cannot pay, and have sought redress in the bankruptcy courts?
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by Sungs_Angel

Sungs_Angel — Tue, 13 Jan 2009 22:12:59 +0000

raise taxes….and then send more money to south America to get them to help in this Iraq war…He said Latin Americas that resist to helping send military to aid…will cost them in cut funding…thats just nasty….
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by chaosjones7

chaosjones7 — Tue, 13 Jan 2009 22:06:59 +0000

Isn't that obvious take control of the world oil supply and secertly keep running things
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by lucky2balive

lucky2balive — Tue, 13 Jan 2009 21:44:59 +0000

There are only three methods.

1. Reduce expenditures
2. Increase Revenue
3. Cook the books
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by Serving Jesus

Serving Jesus — Tue, 13 Jan 2009 21:11:59 +0000

The national debt does not necessarily prevent the US economy from growing strong. In fact, two of the biggest spenders before Bush showed some of the strongest economic growth ever. The 1980's had one of the strongest economies the nation had ever seen, and the largest national debt (before now).

I'm not advocating a national debt, nor Bush, but don't throw out generalities that aren't necessarily true.

BTW – I think Bush is planning on the debt to help like it did in the 1980's. His plan for economic growth is to spend more money. While there are merits to this idea, it is not a very good long term plan. But hey, he's already ruined the chance of another republican getting into office, right? Might as well make it someone else's problem! Like father, like son.

***EDIT***

The national debt is 8.837 trillion dollars, according to cia.gov, not over 800 trillion. (Really, Avery E, you didn't think anyone would check your source?)

***EDIT***

While many economists agree that the national debt is what caused the recession, many other economists disagree. It really is impossible to say with 100% certainty that because the government funded a war with money it didn't have a few years ago IBM stock is going down today, meaning a lot less people have money to spend on nice cars, which somehow raises your rent more than you got a pay raise this year. While I agree that it is probable that the two are connected, I am not going to say with certainty that national debt slows the general economy when people who have spent their whole lives studying these things disagree. Also, there are a LOT of reasons why George Bush, Sr. did not get reelected. The economy was only a small part of it. Ironically, the fact that he did not remove Saddam Hussein from power was a BIG reason.

I also did think of one thing Bush did that he might have believed would have balanced out some of the national debt… He made it harder for individuals to file bankruptcy. That will, theoretically, mean that other money that would have just disappeared from the economy will still be there. Nice, huh? He bankrupts the nation while making it next to impossible for people to ever make ends meet because of unexpected medical bills!
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by cassandra

cassandra — Tue, 13 Jan 2009 20:57:59 +0000

as he actually said about the iraq war, 'this will be the next president's to solve." !!!! We have a huge deficit now because of Bush, wiping out our Clinton-surplus and going far into the negative. This exacerbated the debt to be sure. Bush does not care. This was Bush's plan, to steal as much of our money as he could for himself and his friends.
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by zclifton2

zclifton2 — Tue, 13 Jan 2009 19:53:59 +0000

Ask his Father for a loan, and of course not pay it back.
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by notme

notme — Tue, 13 Jan 2009 19:34:59 +0000

He wants to take it out in goats from the muslims.
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Comment on What are Bush's plans to reduce the trillion dollar National debt? by Lazarus III

Lazarus III — Tue, 13 Jan 2009 19:12:59 +0000

World domination!
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Infowars.com

Comment on how does the whole credit card consolidation process work? by Pitty T

Pitty T — Tue, 13 Jan 2009 18:37:59 +0000

When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every month. Your average new interest rate is much below the old interest rate.

All credit card debt consolidation loans include some type of credit card and debt counseling. You have to trim your lifestyle to eliminate unnecessary expenses. This will allow you to set your house in order. But this necessary, as the ultimate goal of debt consolidation is to help you out of debt, while keeping your home.
http://debts-to-wealth.com/category/Credit-Card-Debt-Consolidation.html
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