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truedelphi

(32,324 posts)
16. According to the audit that Bernie Sanders demanded and got
Mon Nov 26, 2012, 02:55 PM
Nov 2012

The Federal Reserve paid out some fifteen to sixteen trillion to the Biggest Banks in the world. All of which have been sitting on the money.

It is estimated that some 4.7 trillion dollars of this "loaned" money will never ever be repaid.

That could have funded a Single Payer Universal Health Care System that would have taken care of every last one of us for over twenty five years! Or run the state of California for 66 years, without the state needing a penny of revenue from its citizens. (37 million people live in Calif - which is why it is such an expensive state to run.)

If the Republicans ans the Democrats that are complicit with them really want to get tough regarding the deficit, they should demand the immediate repayment of these 4.7 trillion dollars. (Oh and by the way, Geithner refused to friggin' loan the state of California some 20 billion dollars - as he claimed that it would hurt the Federal deficit. Actually, the money would have enabled the state to keep so many people employed that the taxes from these people would have helped for such a recovery that the 20 billion would not have been noticeable.) It is tragic that the deficit excuse is used to cut jobs, but when the bankers need to have surpluses in the bank vaults, trillions of dollar loans are A-Okay!

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Du rec. Nt xchrom Nov 2012 #1
K&R. Iggo Nov 2012 #2
Big K&R. nt valerief Nov 2012 #3
4. Corporations stopped paying HALF OF THEIR TAXES after the recession. NMDemDist2 Nov 2012 #4
Enlightening. silverweb Nov 2012 #5
Great Post,K&R,N/T! Rain Mcloud Nov 2012 #6
k&r bloomington-lib Nov 2012 #7
HUGE K & R !!! - Thank You !!! WillyT Nov 2012 #8
I John2 Nov 2012 #9
Right-On! Populist_Prole Nov 2012 #10
K&R. Each one is a shocker. That we are 4th in income inequality out of 150 countries. Overseas Nov 2012 #11
And of course, life in the truedelphi Nov 2012 #17
Kick. Dark n Stormy Knight Nov 2012 #12
6. Tax deductions for the rich could pay off 100 PERCENT of the deficit. bvar22 Nov 2012 #13
10. The American public paid about FOUR TRILLION DOLLARS to bail out the banks. Octafish Nov 2012 #14
According to the audit that Bernie Sanders demanded and got truedelphi Nov 2012 #16
The first one really ... LisaLynne Nov 2012 #15
Latest Discussions»General Discussion»Discussion points the Eli...»Reply #16