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InvestingFreak "See it, Call it, Trade it, Bank it" -Investing Freak

8Jun/10

Debt Reducing Tuesday

Bennie Balloon Bernankie has something to say about the koolaid.
“My best guess is that we’ll have a continued recovery, but it won’t feel terrific. Even though technically we’ll be in recovery and the economy will be growing, unemployment will still be high for a while and that means that a lot of people will be under financial stress,” he said. Via CalculatedRisk

But there is GREAT NEWS...You can use your credit card to Help Reduce National Debt. Via The Mess That Greenspan Made
Its ok that everyone is financially strained you are still welcomed to help especially if you have a credit card with 13 trillion dollar limit. ;)

There are two ways for you to make a contribution to reduce the debt:

  • You can make a contribution online either by credit card, checking or savings account atPay.gov
  • You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public.

And as mentioned yesterday the G20 Meeting relied more on taking the koolaid away and tightening the belts of the countries.
Here's what Germany decided to do:
Germany will cut child payments, pare government payrolls and boost taxes on energy firms with nuclear power plants in an effort to save 81.6 billion euros ($97.6 billion) between 2011 and 2014 in a package approved by Chancellor Angela Merkel's Cabinet on Monday. -Marketwatch
and how it would look if the United States did something very similar. (Click the option to View as One Page for easy reading)
Of course all these news were already priced in today and greenshoots galore tomorrow.
Make money!!

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  • George

    Debt held by the public? Since we (the “collective we”) voted those artists into office, I suppose we are responsible for the debt. As to the decisions being made to spend the taxes, NO WAY!

  • K

    yup we voted them in. we are responsible for the debt but wont paying by credit card cause us to have more private debt while trying to bail out the public debt?

    if we’re in debt we lose our property. if whole public is in debt we can lose the whole country but it wont happen as long as we got our strong military.

    lets see the koolaid bounce now?

  • George

    Koolaid to the rescue

  • K

    Badmouth uncle sammy and he’ll cut off your internet for a few hours so you can’t trade. thats my day summed up. :(

  • K

    very timely post it seems…

    In the U.S., public borrowings passed $13 trillion for the first time this month, according to the Treasury Department. The debt will be larger than U.S. gross domestic product, now $14.2 trillion annually, in 2012, according to the International Monetary Fund.

    http://econompicdata.blogspot.com/2010/06/us-public-debt-to-surpass-gdp-by-2012.html

  • K

    The Oil spill is getting so dangerous that you can smell the oil from a helicopter at 500 feet! The oil is so hot that it is frying birds on the spot.

    http://www.youtube.com/watch?v=3wZfnqn1G2U

  • George

    That oil spill is terrible. The British have conquered us after all.

  • George

    Hmmm, for some reason I can’t get the 6/9 posts.

  • K

    I havent made a post for today George. unless you mean something else.
    this market wants to blast off but i hear voices saying 1077 will mark top

  • K

    and nearly 1 hr later 1077 it is.

  • George

    Oh, I thought there was an update. 1077 then bust.

  • phil

    GEORGE

    hope you moved the ellipse on your moo / doo chart to friday june 11.. still on track for next low there

  • K

    welcome phil! :D
    hope you made some nice doo and moo money today. I cashed all out. (as you will see in a later post)

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