Number of posts : 324 Registration date : 2009-02-02
Subject: FYI on interest investment Tue Apr 14, 2009 8:50 am
Starting this year, the way the bailout tax situation is set up. If you are 20 years old NOW, you will pay $140,000 dollars in interest on the US debt. I thought that number would grab you...see you at the tea parties!
LukeTHr All Star
Number of posts : 1936 Age : 64 Registration date : 2008-03-26
Subject: Re: FYI on interest investment Tue Apr 14, 2009 11:45 am
the federal government is charging banks 5% interest on TARP money that banks receieved, no matter if the banks asked for the TARP or not. Those that the govm'nt forced the money on and didn't want it, can't just give it back. Either way, they have to pay 5% interest on it. Hell, I wish I could get that kind of interest on my savings. I think the nationwide averave for interest earned on a savings account is .25 of 1%. Why keep the money in the bank at that rate???
LukeTHr All Star
Number of posts : 1936 Age : 64 Registration date : 2008-03-26
Subject: Re: FYI on interest investment Tue Apr 14, 2009 11:46 am
BOHICA
BEND ....... OVER ....... HERE ....... IT ....... COMES ....... AGAIN .......
Owlg8tr Rookie
Number of posts : 324 Registration date : 2009-02-02
Starting this year, the way the bailout tax situation is set up. If you are 20 years old NOW, you will pay $140,000 dollars in interest on the US debt. I thought that number would grab you...see you at the tea parties!
It is an ass raping. It's been fluctuating around this rate on many statistic polls for a few generations now*. Welcome to the party.
*Many polls have "figured" and "fixed" rates like this for the last 20-30 years tinkering with everything from projected birth and death rates to immigration both legally and illegally to average wages between classes and the growth/dimininshment of population in each class. This is nothing new and we have pretty much been fucked over from the start.
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Subject: FYI on interest investment 
Tue Apr 14, 2009 8:50 am
