Yellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike

SELLC · CERTIFIED POST WHORE

FED passes Bank stress test with flying colors, but Yellen says Government could run out of money by August!

PowerStroker · UNSTOPPABLE!

These are 2 different things. The Federal Reserve has unlimited money that it can print at will. It sets interest rates with the goal of keeping inflation in check while also keeping unemployment as low as possible.

The government does not have unlimited money, but has unlimited borrowing and spending authority - assuming Congress authorizes it. What we are coming up against is a statutory debt limit that Congress set, and Congress must raise. If they fail to do so, the US will default on it's loans for the first time in history, which would then plunge the entire world into a Depression the likes of which we have never seen, furthermore it would significantly decrease the value of the US dollar relative to other world currencies, and we would all be noticably poorer for it.

If you don't like debt, the solution isn't to not raise statutory debt limit, but simply make sure you are taxing enough to cover the spending.

SELLC · CERTIFIED POST WHORE

Okay, so at what point are we getting taxed more than we can make to pay for all these things other people assume we need?

It's an honest question!

Every few years, the government comes - hat in hand looking to raise this limit.. What if I am not impressed and think the Governments bankruptcy scoring model is such that it should just get by on what has been set, if not significant cuts like the rest of us?

Why? Why do they get to keep borrowing more and more with the excuse that it cost more and more to service their operations?

This is a screwed up world that we are living PowerStroker! One where people who put off making their payments are rewarded and the ones that made their payments are punished!

I don't think we should give the current Government a damn cent more, in fact it should be cut in half! They can figure it out just like the rest of us!

PowerStroker · UNSTOPPABLE!

So cut by half across the board?

Shall we cut our military budget in half, have half of the Navy fleet, and pay our soldiers half as much, or keep the Navy and Air Force but eliminate the Army and Coast Guard completely?

Shall we cut our funding of already crumbling interstate highways and bridges by half?

Shall we cut all Federal aid to states in half?

Shall we cut Social Security payments in half?

Shall we cut Education funding in half?

Shall we cut Medicare in half?

Shall we cut our research investment in half, and hope that what remains will still provide breakthrough medicines and scientific advances?

Shall we cut the space program in half, and hope that it can still provide the innovations that have already changed our lives for the better?

Shall we cut law enforcement funding in half and effectively defund the police far more than any liberal city ever dreamed of?

Shall we cut our nuclear arsenal in half?

Shall we cut our Postal Service in half?

Shall we cut our Intelligence agencies in half across the board, or just keep the FBI but discontinue the CIA?

Shall we cut the border patrol budget in half?

I have to believe that some of these cuts would be too deep for even you to stomach. So I have to ask, If we could fund these things completely without raising your taxes a penny, but raise taxes on the Koch Brothers and Jeff Bezos, wouldn't you prefer that option?

SELLC · CERTIFIED POST WHORE

Yes! cut it ALL in half!

Better yet don't pay ANY of it and just let the strong survive.

We can make a new Government, or get taken over once all the cards have fallen!

But that won't happen, until our creditors come knocking!

What if they bust out the credit card from the Bank of China and it's denied?

At some point, just like a foreclosure - our country is going to be forclosed on! Why? Because of all the stupid shit you just listed above!

Since it's clear regular people aren't getting loans, no more for anyone else!

Oh and your suggestion about taxing the Koch Brothers and Jeff Bezos, that sounds nice but they don't have that kind of money... and even if they did I'd imagine they would run their companies into the ground and the market would crash, causing the exact same thing you were trying to prevent by taxing them to death. I guess you could say it's inevitable... I am completly out of the market now because I think that scenario is already long overdue and Bezo's himself has said his companies will one day be bankrupt.

Rastus · UNSTOPPABLE!

Avoid using the banks wherever possible :) !

SELLC · CERTIFIED POST WHORE

Rastus, that is getting next to impossible now days here in the USA!

During the pandemic some businesses were refusing to accept cash since it could be tainted with COVID! There was change shortage and all sorts of things, almost felt like they were doing a test run on how to get rid of cash.

Perhaps the worse thing about electronic payments is that the bank will always take a small cut! This small cut adds up to a whole lot of money when factoring in how many people use it.

Now days you can't even use cash to pay your bills untill it's been deposited into the bank, and the companies that do take payments in cash such as utility companies will actually charge a fee to take said payment in cash thru one of their authorized payment partners (usually grocery stores). Even getting a money order will cost you money! Want to wire money? FEE...

Rastus · UNSTOPPABLE!

Well, it sure looks like things won't ever get back to "normal" LOL !

SELLC · CERTIFIED POST WHORE

No, I get it... things have always been this way.

I suppose normal just takes away the spice of life.

SELLC · CERTIFIED POST WHORE

A lot of things can happen in the next few weeks!

One of them is that the Ferderal Government could run out of money next month when it snaps back to the $22 TRILLION ceiling.

Yellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike

https://www.reuters.com/article/us-usa-treasury-yellen/yellen-warns-congress-of-unthinkable-u-s-default-risk-without-debt-limit-hike-idUSKCN2DZ2ET

US to hit debt limit on August 1, Yellen warns

https://news.yahoo.com/us-hit-debt-limit-august-181539610.html

All they been doing is loaning to big business and the rich, so I have no doubts the Republicans will spread their ass wide so Democrats can prep the corn-hole. It's really pathetic, and given the way I have been treated since March 2020 I'd like to see them let the whole shithouse implode! Biden has already said he doesn't consider a strong market an indicator of success... but at the rate the banks have been lending to themselves and the rich they probably have more than enough cheap money before they run the fucker into the ground. Doing so will increase interest rates for everyone else, read that as anyone who is not part of the 1%...

If you think about it, shutting down the Government because they overspent is no different than what the Government is allowing banks to do right now to people like me! It would be great because all this new wealth in the market would evaporate and all the cheap money these people borrowed to put into the stock market, instead of in the hands of Americans like me, would be WORTHLESS along with all their stocks! Enter Crypto like Bitcoin and such, where the rich will pile their worthless money and then I hope the Government comes down on them and takes all that away too!

Fuck these people! If Republicans don't shut down this shitshow now it's going to be non-stop COVID shutdowns and all sorts of redicuouls kickbacks! I doubt Republicans are strong enough to hold this line but it's really what everyone is waiting for. You give the Government more rope and they will hang us! SHUT IT DOWN!

Rastus · UNSTOPPABLE!

Man...

Get into CE5, learn the truth for yourself, & leave it all behind :) !

SELLC · CERTIFIED POST WHORE

Last time someone told me just to ignore all the nonsense on TV they ended up shutting down the country the following week! LOL

These people are fist fucking the nation and only giving out crumbs to the people! They shut everything down so they should have to pay! But it would seem they are mostly only paying themselves with EIDL loans and Jumbo Mortgages at INSANE low rates.

There is no chance in hell I can ignore this! Especially since they have all gotten so greedy they don't wan't to even loan any of it out! Fuck these people! They NEED to be called out!

SELLC · CERTIFIED POST WHORE

From this point going forward everything is being paid for in "extraordinary" ways by the Fed...

In other words, Peter is gonna get robbed to pay Paul as the Government pretends it has run out of money... or should we say hit the maximum self imposed borrowing limit!

PowerStroker · UNSTOPPABLE!

That's why the limit needs to be raised, and it will be.

The alternative being global economic apocalypse.

SELLC · CERTIFIED POST WHORE

I have no doubts that congress will pass something to save their own paychecks.

I honestly think they have us all fooled and that behind closed doors they laugh about their deception.

Starting to think Global Economic Apocalypse is what we're going to need in order to de-throne all the people who have swindled mountains of cash... many of the politicians or friends of said politicians!

Sad, really.

Rastus · UNSTOPPABLE!

SELLC wrote:
1.I have no doubts that congress will pass something to save their own paychecks.
2.I honestly think they have us all fooled and that behind closed doors they laugh about their deception.
3.Starting to think Global Economic Apocalypse is what we're going to need in order to de-throne all the people who have swindled mountains of cash... many of the politicians or friends of said politicians!
4.Sad, really.

R1. Of course...

R2. Not all of us are fooled it appears :) ! And no doubt that they laugh-out-loud whilst they ride in the money-drenched gravy-train.

R3. Yes, but they'll still have their money...

R4. Clean out the swamp...One person = one equal vote.

SELLC · CERTIFIED POST WHORE

Rastus wrote:

R3. Yes, but they'll still have their money...

Some of them, yes!

But a lot of them will go the ways of the Lehman Brothers... While JP Morgan and Goldman get bailed out again.

Makes no difference I suppose. The show must go on, right?

Well what happens when the money runs out? Does that mean the curtain drops?

Rastus · UNSTOPPABLE!

SELLC wrote:

Well what happens when the money runs out? Does that mean the curtain drops?

LOL, we wish !!! They'll just keep printing more money out-of thin air as always...That's why inflation is rising now, since the value of the printed money has decreased.

As for the curtain dropping, I think that it already has, many times...It's just difficult for people to accept all the lies & deceit they're being drenched in.

Once folks accept that we have visitors from other worlds far away visiting us, & have done for centuries, matters will change for the better...The curtain has dropped on the secrecy held on this matter for the last 100-years, & the development of new technologies that are hidden from us.

All I can say to prove all of this, is to get y'all to participate in a CE5 for yourselves. Once you first-hand realize the truth of our ET friends being here, everything else falls-into-place :) !

SELLC · CERTIFIED POST WHORE

Rastus wrote:

Once folks accept that we have visitors from other worlds far away visiting us, & have done for centuries, matters will change for the better...The curtain has dropped on the secrecy held on this matter for the last 100-years, & the development of new technologies that are hidden from us.
All I can say to prove all of this, is to get y'all to participate in a CE5 for yourselves. Once you first-hand realize the truth of our ET friends being here, everything else falls-into-place :) !

SELLC · CERTIFIED POST WHORE

It's September 1st...

tick-tock... and I am not talking about the Chinese version that crowns the Darwin award winners dead on a daily basis with their "Challenges".

I'd imagine the world economy is about in the middle of the crates right now.

Rastus · UNSTOPPABLE!

Yo,

I can't help myself here, but when SELLC asked about the world economy, & then I saw this article from his old friend Soro's talking about China, & what their economy needs to do, I figured it would be worth posting, if only for additions to SELLC's "famous quotes thread"...

It seems Soro's doesn't mind telling any country their business !

www.counterpunch.org/2021/09/02/soros-dream-to-turn-china-into-a-neoliberal-grabitization-opportunity/

SELLC · CERTIFIED POST WHORE

Good read!

If I were China I'd tell Soros to piss off too! The guy is nothing but trouble it seems!

SELLC · CERTIFIED POST WHORE

Seem that China is really doing some sensible things lately!

https://www.hollywoodreporter.com/news/general-news/china-ban-boy-bands-reality-talent-shows-1235008064/

There was nothing more annoying than that STAN boy band video that was going around. It was so gay that gay people were offended!

No wonder China is banning the "Sissy boy band"... only it will only make them more popular. I am sure they know this!

Just them trying to get into the international entertainment industry... out of Social Media and in the mainstream.

I bet China is figuring out a way to completly remake the movie RAMBO with an all Chinese cast... they will make it required viewing, they might even come out with their own cable network CBO "China Box Office"

It's no secret the Korean's have already got the Americanized music videos down...

Now they're all Golfing...

Can't even make this shit up!

SELLC · CERTIFIED POST WHORE

Now Yellen is saying that all the extra money left over might carry them thru October...

Even though the Democrats could end this unnecessary stress all on their own, like everything else they have done so far, by putting the debt ceiling in reconciliation, they will not!

Did you hear that?

They will put the 3.7 Trillion dollar infrastructure union-kick-back bill in reconcilliation, but they won't do the same with the debt ceiling and will just let the Government sink. This thread was started on JUNE 25th! They have had AMPLE time to fix it!

Amazing huh?

And people are supposed to trust these people who leave EVERYTHING to the last minute? What are they being paid for? To enforce unconstitutional mandates and peddle their bad faith executive orders that just waste everyones time when they are struck down as an unconstitutional power grab? These people have NO SHAME!

Yellen Warns US on Track to Default in October

https://www.yahoo.com/finance/news/yellen-warns-us-track-default-225445450.html

Rastus · UNSTOPPABLE!

On the other hand...Wells Fargo is handing-out customers $250:00...

www.reuters.com/lifestyle/wealth/banking-regulator-fines-wells-fargo-250-mln-over-remediation-shortcomings-2021-09-09/

SELLC · CERTIFIED POST WHORE

Wells Fargo doesn't have to do any advertising because they are always in the news getting sued for screwing their customers... I think they have more or less set asside all their fine money as their annual advertisement budget and they just keep on screwing people!

I am sure Wells Fargo passed the FED bank stress test with flying colors too!

SELLC · CERTIFIED POST WHORE

I still don't understand why Democrats are dragging their feet on doing something with the debt limit...

Why are they leaving it to the last minute? They could pass whatever, whenever they wanted... they hold a majority in all congress and they have the White House!

What are they waiting for? Another credit downgrade?

Rastus · UNSTOPPABLE!

Maybe they're waiting to see how many Trillion-dollar-platinum-coins they can sell first ?...

SELLC · CERTIFIED POST WHORE

It's like I was telling PowerStroker in the other thread, they might as well go on and mint a $1 quadrillion dollar coin because the perception around the world will be the same regardless of the amount... they'll only get away with that once though, may as well go big or stay home.

SELLC · CERTIFIED POST WHORE

Bank Mergers Are On Track to Hit Their Highest Level Since the Financial Crisis

https://www.wsj.com/articles/bank-mergers-are-on-track-to-hit-their-highest-level-since-the-financial-crisis-11632793461?mod=wsj_RHF

The Government supported banks are doing just great folks!

Not only are they loaning all the money to paper-bull clients, so they can buy more paper, they are buying up their competition!

SELLC · CERTIFIED POST WHORE

October 16th is the day Janet Yellen runs out of other peoples money to spend!

But the good news is the Government will remain open when the time comes that it can't pay it's bills!

Thanks congress!

SELLC · CERTIFIED POST WHORE

Biden: I cant guarantee U.S. wont hit debt limit

https://www.yahoo.com/news/biden-cant-guarantee-u-wont-114451104.html

Oh there is a shocker... I only started this thread on June 25th...

One might think he could have done something before now... like pass a debt ceiling increase thru reconciliation... but no...

If these fucking idiots were in any REAL job they would have been fired back in August...

SELLC · CERTIFIED POST WHORE

PowerStroker · UNSTOPPABLE!

Democrats are perfectly willing to raise, and even eliminate the debt limit all on their own in a clean bill, but Republicans are filibustering it. I'm sure there will be a last minute vote. If it fails, everyone will be on record, and you will see exactly who is to blame for plunging the entire world into another great depression and making the world reserve currency something other than the US dollar... Which will make Americans even poorer relative to the rest of the world btw.

But at least Susan Collins says she would vote to increase the debt limit to cover the costs of the Trump tax cuts etc, but only if only Biden completely gives up on everything he ran on.

No deal bitch, we'll burn this whole planet to the ground first.

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
Democrats are perfectly willing to raise, and even eliminate the debt limit all on their own in a clean bill, but Republicans are filibustering it. I'm sure there will be a last minute vote. If it fails, everyone will be on record, and you will see exactly who is to blame for plunging the entire world into another great depression and making the world reserve currency something other than the US dollar... Which will make Americans even poorer relative to the rest of the world btw.

But at least Susan Collins says she would vote to increase the debt limit to cover the costs of the Trump tax cuts etc, but only if only Biden completely gives up on everything he ran on.

No deal bitch, we'll burn this whole planet to the ground first.

Ooooohhhh... That kind of talk gives me a boner!

SELLC · CERTIFIED POST WHORE

Looks like I'm going to have to save that boner for December...

McConnell caved, as I said he would for a small extension, so I guess you guys better get started on that reconciliation now because we don't want another Democrat party in December on Christmas Eve trying to force some BS legislation down everyones throats... You guys are well known for that stunt...

SELLC · CERTIFIED POST WHORE

SELLC wrote:
I have no doubts that congress will pass something to save their own paychecks.
I honestly think they have us all fooled and that behind closed doors they laugh about their deception.

Rastus · UNSTOPPABLE!

SELLC wrote:
SELLC wrote:
I have no doubts that congress will pass something to save their own paychecks.
I honestly think they have us all fooled and that behind closed doors they laugh about their deception.

You better believe it !

SELLC · CERTIFIED POST WHORE

Democrats passed a $1.2 TRILLION dollar infrastructure bill while putting off raising the debt ceiling.

Some might say that's putting the wagon before the horse, but I guess the Politicians need a good reason to stay in Washington this December.

PowerStroker · UNSTOPPABLE!

The bill of which you speak only passed because of some Republican votes, votes there would not have been had a debt ceiling increase been included.

It's possible the 1.8T human infrastructure bill may contain it though.

SELLC · CERTIFIED POST WHORE

Well, if Upton (R) (Michigan) is on the ballot come 2022 I'll be sure to vote his ass out! Him and that Meijer RINO!

It's really quite a joke... right now politicians are just blanketing over all the people and small businesses that need help by propping up the market and Wall Street!

Fuck these miserable cock-suckers! ALL OF THEM!

PowerStroker · UNSTOPPABLE!

What parts of the physical infrastructure investment are you against?

SELLC · CERTIFIED POST WHORE

It's not the investment into infrastructure that I'm against, it's the way that Democrats will spend it.

I worry a lot of the money will be squandered kicking it up to the big guy. Meanwhile the Government is currently fucking every small business out there!

This is just another loan for the rich and powerful builders and the unions! The same miserable cocksuckers who got MASSIVE loans at 3% or less not long ago and many of them that got bailed out in 2008!

Plus all of them been saving BANK on taxes! When the tax man starts to squeeze a little business like mine, but gives breaks to billion and trillion dollar companies, that's just BULLSHIT!

Let's turn this around PowerStroker, instead of asking me what I don't like - why don't you tell us all what you DO like? This way at least we can have some idea of where all this money is going! Because honestly, nobody has said what this money is exactly going to be used for.

PowerStroker · UNSTOPPABLE!

Well, I believe that during our time alive, we must not only be stewards of our planet, but also our country. To this end, it is up to us to maintain and improve it. This of course costs money, so we need to make the necessary investments to maintain roads and bridges, but also to install a vast charging infrastructure for electric vehicles, as well as improving our deteriorating rail systems and power grids. Since we are now in the information age, we should also bring broadband to rural communities. Furthermore, we should do all of this in a fiscally responsible manner by making sure we have enough revenue streams to fund this.

I understand this physical infrastructure bill isn't entirely paid for by the necessary tax changes that would be required, but I still support it anyway, because the investments are such that they will pay for themselves in the long run, just as the Eisenhower interstate freeway system did.

Obviously there will be some union labor involved in building this stuff, but I don't see a problem with that whatsoever. A union just means the employees of a particular company have decided to negotiate as a group instead of individually, and about half of the union members that identify with a political party are Republican anyway. As far as your personal gripes with your inability to get a small business loan from the government, I'd suggest trying a private bank, and not letting your anger about an unrelated issue prevent you from investing in the future.

SELLC · CERTIFIED POST WHORE

When I try to get loans from the private banks, even with my home as collateral they ALL blame the Federal Government regulations! So don't sit here and tell me it's unrelated because I'm pretty sure without cars on the road it's pointless to even expand any infrastructure! And what about all the money in taxes that have been collected in the past, as well as new ones on gas and other things that were supposed to pay for these roads and bridges!? Where the fuck is all that money PowerStroker!? You act like we aren't already paying for this with existing taxes! Not everyone can afford to get bent over by the dealership, and in many cases dealers don't even want older cars! They will jack up the price to either send the person down the road, or if they get lucky, sell them a newer vehicle and take in their old distressed vehicle for pennies on the dollar!

I don't think you have a single clue what the money will be spent on and you're generalizing! I think you suck donkey balls on the regular and you like it! You would support ANYTHING the jackasses would do! In fact I have NEVER seen you hold your party responsible for ANYTHING! At least I hold my parties feet to the fire! You are a known partisan hack PowerStroker... You have no independent thought and everything you drivel on this board is partisan in nature. You don't even have a mind or thought of your own! It's sad really, and I consider you a long time internet friend! I'm sorry if this hurts, but it's true! And only a TRUE friend would have the balls to say it! If you feel the Government cheating people like me out of oppertunity is okay, then you're part of the problem!

That said, I don't have a problem per-se with Unions, but often times we see unions incite violence and public discourse! You guys always feel the means justify the ends when it comes to things you want, but fuck everyone else. I'm here to say fuck that and fuck you! I'm every bit as entitled to receive SBA EIDL loans and other such backing! Maybe not to the degree that a big union or a big company that is actually living up to it's civic duty should get, but this is where the greed comes in! And it's just fine by you! That's fucked up!

I think unions negotiating as a group should be illegal because it's no different than racisim or discrimination! I should be able to buy the same exact insurance a Union does for a similar cost! I should be afforded the same oppertunities that a collective group who is willing to use extortion as a legal means of forcing a better deal!

You talk all this bullshit about being stewards of our planet but that's just your over inflated dreams of grandure talking! Long after you're dead this planet will be just fine and there isn't a damn thing you or any of your money scheming plans will do to prevent what the galaxy has in store for us! You think broadband in rural communities doesn't exist? Pffft! It's already there jackass! Building vast charging infrastructure for electric cars? More bullshit! Just a way for Democrats to control another aspect of the energy sector! Rail systems? These are private! Why the hell is the government paying for it? Roads and bridges are already paid for in current tax revenues!

No PowerStroker! My being treated poorly as a small business person who pays my bills on time is a SERIOUS problem and 100% related to investments in the future! I've traind a few guys to work on cars, you know what they are doing today? WORKING ON CARS! I lost my most prized student because this Government is a wretched and corrupt system that would snuff innovation to prop up some retard like Elon Musk or Jeff Bezos because they know these two guys will fail and bring the whole shithouse down! But that's what they want because that means more bail outs and more massive returns when they all bail before the crash and buy everything back for pennies on the dollar after it crashes! Then fucks like you will be pissed your 401k's are shit, just like Social Security is starting to become!

SELLC · CERTIFIED POST WHORE

I am also pretty sure it was the unions who caused this massive backup at the ports!

Why?

Simple! Because ports are a part of this "infrastructure" scam! They want that money and are willing to screw every last American to ensure they get it!

Many people can't see this... and yet many others like PowerStroker hope it stays that way!

It's really no different than a "blue flu"... Unions know they can't go on strike in the ports without the Government stepping in because of national implications, so they pull this bullshit and cost all of us a shit-ton of money so they get theirs!

This is beyond crooked! And it's so very easy to see what they are doing!

Rastus · UNSTOPPABLE!

LOL !!!

Don't be too hasty here SELLC...

If your problems are anything like ours here in Oz, you'll find that it's COrona VIrus 2019, the jab, & illegal implementation of the jab that's really the source of your issues...

eg. Plenty of folks are saying "F*** you & the jab", & hence there are now a shortage of qualified persons to work in certified-roles, such as at the ports.

PowerStroker · UNSTOPPABLE!

SELLC wrote:
And what about all the money in taxes that have been collected in the past, as well as new ones on gas and other things that were supposed to pay for these roads and bridges!? Where the fuck is all that money PowerStroker!? You act like we aren't already paying for this with existing taxes!

That money is in the US Treasury, which is exactly why I question your resistance to making the investments. Most of the physical infrastructure bill is just a reauthorization of existing spending levels that already have pay fors in existing law. You and I have already been paying for this stuff, and there is only about 65 Billion per year over the next 8 years in new spending from the bill that just passed the House, so the 1.2 Trillion dollar price tag is misleading because it's not actually 1.2 Trillion of new spending. And as I've stated, there are already revenue streams built in to current law to fund most of this ie: gas taxes etc that are earmarked for certain things like roads, but Congress still needs to authorize spending those revenues, which is why most Dems and 13 House Republicans did exactly that. It's called governing.

Sorry about your small business loan though. At least you'll get something out of this deal like paved roads that customers can use to come to your business, and a removal of lead water pipes that will hopefully keep some of your customers alive. But we can't do everything for you, at some point you have to pull yourself up by your bootsraps and do some work.

-- Edited by PowerStroker on Monday 8th of November 2021 08:47:41 PM

Rastus · UNSTOPPABLE!

PowerStroker said...

________________________________________________________________________________________________________________

But we ( read gov't ) can't do everything for you, at some point you have to pull yourself up by your bootstraps and do some work.
________________________________________________________________________________________________________________

That's quite a good statement I thought...Even Mr.Trumpdt is doing just that, with his upcoming bogus media entertainment site.

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:

But we can't do everything for you, at some point you have to pull yourself up by your bootsraps and do some work.

Can't do everything for me? Give me a break, you have done NOTHING for me! If you think $5,100 a year is anything more than CHUMP change given the Government over-reach then it's clear you want this country to turn into a 4th world nation!

Pull myself up by the bootstraps? Are you fucking kidding me? You liberals want to give everything away to illegal immigrants and people who don't want to work, and when I ask for a LOAN it's, "Pull yourself up by the Bootstraps?"

Yeah, sounds more like you need to pull your head from your asshole!