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$920 Billion More to Bail Out the World
Accuracy in Media ^ | September 28, 2008 | Cliff Kinkaid

Posted on 10/12/2008 4:31:16 AM PDT by UrbanPanhandler

With one socialist “bailout” bill apparently on the way to passage by Congress, two more are pending―both of them sponsored by Senator Barack Obama. One is the Jubilee Act, which would cancel as much as $75 billion worth of Third World debt, and the other is the Global Poverty Act, which would cost an estimated $845 billion. Total potential cost: $920 billion.

(Excerpt) Read more at aim.org ...


TOPICS: Foreign Affairs; Government; News/Current Events; Politics/Elections
KEYWORDS: bailout; globalpovertyact; jubileeact; obama
Both the Global Poverty Act and Jubilee Act have passed the House and now sits in the Senate. House members passed the Global Poverty Act by "voice vote" with no record of who voted yes on paper.
1 posted on 10/12/2008 4:31:17 AM PDT by UrbanPanhandler
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To: UrbanPanhandler

These !#@%^&()& politicians!


2 posted on 10/12/2008 4:33:22 AM PDT by dinodino
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To: UrbanPanhandler

How many more hundreds of billions of dollars is it going to take to bring on hyperinflation?


3 posted on 10/12/2008 4:38:58 AM PDT by RU88 (The false messiah can not change water into wine any more than he can get unity from diversity.)
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To: dinodino

The socialism that has been building for so long is now starting to take off. Obama is not even waiting to be elected. He is trying to advance his agenda now.


4 posted on 10/12/2008 4:39:48 AM PDT by generally (Don't act stupid. We have politicians for that.)
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To: dinodino

I’m starting to believe that it will be bad for Sarah Palin to be McCain’s VP. She’ll be dragged down by his liberal leanings. Maybe we should just start planning a new party, a tax revolt, and for 2012.


5 posted on 10/12/2008 4:40:11 AM PDT by No Socialist
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To: dinodino

We need to vote them all out, with the exception of South Carolina Senator Jim DeMint.


6 posted on 10/12/2008 4:40:39 AM PDT by MissEdie (The only difference between Obama and Osama is a little bs)
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To: RU88

Not much, wait till Tuesday.


7 posted on 10/12/2008 4:41:32 AM PDT by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: UrbanPanhandler; dinodino

Is he doing this now because he is so arrogant that he thinks he’s already President? Or is it because he’s afraid he might not get elected, so he’s trying to get what he can now? Or because the left thinks we are all so desperate or that we’re no longer paying attention to what they’re doing in Congress?


8 posted on 10/12/2008 4:42:01 AM PDT by generally (Don't act stupid. We have politicians for that.)
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To: UrbanPanhandler

This is why Obama says if he wins his party will bribg congress back before the end of the year.

Another Trillion dollar tax increase and McCain says Obama is not someone to fear.

Will be interesting to see at what point does the right finally say enough.

We are already sliding down the slope to a collectivist state.

We have already lost our freedom and are slaves of the state and the crooks.

Where is John Galt?


9 posted on 10/12/2008 4:43:24 AM PDT by stockpirate (US Congress just created the right to own slaves, problem is, we are the slaves.)
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To: UrbanPanhandler

The push for the new world order is accelerating.


10 posted on 10/12/2008 4:44:07 AM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: MissEdie
We need to vote them all out...

This will NEVER work. The only way to get these loafing pigs out is to stage a successful revolution.

These pigs, who we have elected to rule us, have ruined us.

11 posted on 10/12/2008 4:45:35 AM PDT by IbJensen (Ali Bama isn't going to make it! (Communist Gangbanger!))
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To: generally

Read up on the Global Poverty Act. If it passes the Senate and gets signed into law by the President, big problems are on the way. The bill would force the U.S. to sign onto the U.N.’s Millennium Declaration, which would commit us not only to ‘banning small arms and light weapons’ but also to adhere to the International Criminal Court Treaty and the Kyoto Protocol.
http://technorati.com/videos/youtube.com%2Fwatch%3Fv%3DPePbtEABzGk


12 posted on 10/12/2008 4:45:53 AM PDT by UrbanPanhandler (To find something "Wrong" in anything, just find where government has touched or regulated it.)
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To: No Socialist
She’ll be dragged down by his liberal leanings.

All VP candidates are on the ballot only because they agree to support Presidential candidates on at least majority of the issues.
13 posted on 10/12/2008 4:46:18 AM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: UrbanPanhandler

What, exactly is your objection to canceling third world debt? You will be shocked at the interest rates which these loans were given.

Canceling third world debt will (theoretically) enable third world countries to spend more on health care and infrastructure (hence stimulating demand).

The last point is that we owe $10 Trillion. We will be asking for debt forgiveness sometime in the future. (Do unto others as you would like others to do unto you).


14 posted on 10/12/2008 4:58:16 AM PDT by KingJaja
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To: UrbanPanhandler

DON’T DO IT!


15 posted on 10/12/2008 5:03:49 AM PDT by DieHard the Hunter (Is mise an ceann-cinnidh. Cha ghéill mi do dhuine. Fàg am bealach.)
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To: No Socialist

By 2012 we’ll really be outnumbered.


16 posted on 10/12/2008 5:05:25 AM PDT by FES0844 (FES0844)
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To: UrbanPanhandler

We will all be equal, equally poor.


17 posted on 10/12/2008 5:07:34 AM PDT by just me (JELLY BEANS AND WINKS...)
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To: No Socialist

What makes you think that we will have the still have the freedom to vote in 2012?

If the Marxist gets in to the WH our America will cease to exist.


18 posted on 10/12/2008 5:08:47 AM PDT by proudofthesouth (Homosexuality IS a choice! There isn't any biological reason for it. They CHOOSE to be that way!)
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To: KingJaja

I’m all for cancelling international debts. It’s not like it ever really gets repaid to us and it only costs us in the long run.


19 posted on 10/12/2008 5:09:45 AM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: UrbanPanhandler

Aside from Glenn Beck....has the media just skipped talking about this????


20 posted on 10/12/2008 5:16:57 AM PDT by Faith65 (Jesus Christ is my Lord and Savior!)
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To: KingJaja

It’s the Global Poverty Act I am trying to draw more attention to. The Jubilee Act forgives the debt, The Global Poverty Act is bad all around.


21 posted on 10/12/2008 5:17:58 AM PDT by UrbanPanhandler (To find something "Wrong" in anything, just find where government has touched or regulated it.)
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To: UrbanPanhandler

Ah, yes. The communist plan of redistribution of wealth to America’s enemies has been done by our politicians in DC, the most arrogant, stupid and hateful of peoples that fools of America have voted in.
Stupid is as stupid does.
Those who sow the wind shall reap the whirlwind.And the Holy Bible, the Word of the Living God of Israel, is once again proving true as we see Israel back in their land, the explosion of knowledge and men running to and fro in the whole earth and now the beginning of the distress of nations that will culminate in the one world order that precipitates the appearing of the Wicked One, the anti Christ, whom the whole earth will embrace (except of course,the elect of God, bible believing Christians) fulfilling the latter days prophecies that precede the rapture of the Body of Christ, then the wrath of God for 7 years on Israel and the whole earth who spurned God and His free offer of Salvation by grace through faith in the finished work of His only Begotten Son Jesus Christ, followed by the 2nd advent of Jesus the Christ in Israel on the Mount of Olives, the defeat of the worlds armies led by the anti Christ on the hills of Israel by the Lord Jesus and His armies of angels and saints, praise the Lord, followed by the 1000 year rule of Jesus Christ on the earth when He will make Israel and the whole earth subject to His will and rule as Lord of Lords and King of Kings. This is the day that the bible believing Christians wait and look for, and is coming as the latter days prophecies are being fulfilled.
The day of God’s grace age is coming soon and it would be well with people if they but believed how that Jesus Christ was crucified for our sins and rose again the third day so that we can be saved from the sin that so easily besets us, such is the heritage of the saints saved by the Lord Jesus, who is Christ indeed!
The Bible tells me so.


22 posted on 10/12/2008 5:20:50 AM PDT by kindred ( Third party conservative for Chuck Balwin,McCain is a liberal,Obama a communist.)
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To: UrbanPanhandler

Dodd: "Wow, Barney, with you in bed with everyone, each of us
will be getting kickbacks from every country and banking group in the world.
Oh, how it must truly suck to be one of our helpless, now fleeced, constituents.
"

23 posted on 10/12/2008 5:26:08 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: just me

[We will all be equal, equally poor.]

The communist politicians of America have planned and directed this for so many years and after seeing the hateful picture of the democrats Barney Franks, Nancy Pelosi, Harry Reid and our fool rino President Bush smiling ( they know they have destroyed the economic wealth of America and benifited themselves and wall street at taxpayers expense by stealing from the poor of America and giving to the rich of the world) when the 1 trillion dollar heist bill was signed and passed by rino Bush.
The deceivers even have the whole Obama electorate and the fool rino liberals believing that the answer to decreasing debt is by increasing debt, that math is the worst ever and we now see the results of dumbing down in the public schools and universities of America. They can not even add or subtract any more.


24 posted on 10/12/2008 5:31:34 AM PDT by kindred ( Third party conservative for Chuck Balwin,McCain is a liberal,Obama a communist.)
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To: kindred

I guess John Lennon’s song Imagine can be our new National Anthem.


25 posted on 10/12/2008 5:58:10 AM PDT by just me (JELLY BEANS AND WINKS...)
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To: proudofthesouth
What makes you think that we will have the still have the freedom to vote in 2012?

The republic will survive, if we have the balls to act like one.

26 posted on 10/12/2008 6:07:04 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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To: UrbanPanhandler

Is either one of these going to allow the UN to tax US citizens?


27 posted on 10/12/2008 6:14:27 AM PDT by MissEdie (The only difference between Obama and Osama is a little bs)
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To: MissEdie

From my understanding it will be a tax going straight to the UN via US Government.


28 posted on 10/12/2008 8:32:49 AM PDT by UrbanPanhandler (To find something "Wrong" in anything, just find where government has touched or regulated it.)
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To: No Socialist
I’m starting to believe that it will be bad for Sarah Palin to be McCain’s VP. She’ll be dragged down by his liberal leanings. Maybe we should just start planning a new party, a tax revolt, and for 2012.

During our upcoming time in the wilderness, we need to get Palin ready for a run in 2012. How about Larry Elder (LA talk show host) as a running mate?

29 posted on 10/12/2008 9:08:58 AM PDT by BlazingArizona
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