Our state governments, which regulate intrastate commerce, compel vehicle owners to purchase accident insurance from private companies. The mandate is justified by the fact that if you own a vehicle, there is a significant chance that your vehicle will be involved in an accident and that you will incur a monetary loss. The mandate forces all vehicle owners to contribute to a risk pool. Without the mandate, honest vehicle owners would pay for the deadbeats who declare bankruptcy. The only way out of the mandate is to stop owning a vehicle.

Our federal government, which regulates interstate commerce, must compel body owners to purchase health insurance from private companies. The mandate is justified by the fact that if you own a body, there is a 100% chance that it will be involved in an accident or an incident (infection, cardiac arrest, tumor, etc.) and that you will incur a monetary loss. The mandate forces all body owners to contribute to a risk pool. The alternative to the mandate is that honest body owners would pay for the deadbeats who declare bankruptcy. The only way out of the mandate is to stop owning a body.
The government does not compel you to have a body. But if you have one, you will incur a medical loss. Ergo, put something in the kitty. Don’t be a deadbeat. Be a good citizen.
The government does not force you to engage in Life. But if you insist on living, you will incur a medical bill. That’s commerce. Pay for it, deadbeat!
Solution: We need facts and logic, not paranoid rants.
ahandle: If all the World and Love were young / and Truth on every Shepherd’s tongue…
How do we regulate the deadbeats who sponge on your dime? Answer the tough questions, dammit!

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Taxes will only accomplish so much. Tax the rich 100%, and I guarantee the politicians will just fritter it away on cowboy poetry, bombing the third world, or some such nonsense. The money that GM allegedly paid back, did it go into the debt, or the pork barrel?

It seems quite elementary to me, cut spending. Between Bush and Obama the federal government has expanded geometrically. I would post a link, but then the question will never enter the queue.

Maybe it is time we ended some pointless overseas incursions. We are not there to win anyway.

And maybe Grandma can move into the spare bedroom. Because Social Security is bankrupt.

And how about we quit electing politicians by the amount of pork barrel spending they bring home?
Don’t give me that "Bush did it" hogwash.His first day in the Oval Orifice, the nation was already trillion in debt. That 6 billion budget "surplus" was an illusion.

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I have 5 credit cards total. 2 with American express, 1 with Washington Mutual, 1 with Capital One, 1 with Barclay. The debt with WaMU has been sold to a company, and is no longer owned by them. The rest of the debts are still ‘owned’ by the original creditors and I can settle the amounts with them, most at 50-60%.

I have not made payment on any of these accounts in over 5-6 months, and am now in a position through assistance from a family member to pay off all the debts via settling. After speaking with a couple of people though as to how this will affect my credit I wanted to know what I should do.

Should I settle the cards? Or should I file bankruptcy? The total debt on credit cards is -14,000K. I also have k in student loans, and a ,000 judgment against me from court. I am fairly certain that me filing bankruptcy would not remove the judgment against me, or my student loan as it is through the federal government. Am I wrong?

My main question though is, what will hurt or be best for my credit? Me settling the debts, or filing bankruptcy? Which helps me the best for rebuilding my credit in the least amount of time?

Technorati Tags: american express, amount of time, barclay, capital one, credit cards, creditors, debts, family member, federal government, filing bankruptcy, judgment against, should i file bankruptcy, student loan, student loans, wamu, washington mutual

I have had two financial advisers tell me to declare bankruptcy when I graduate from college, or sooner to eliminate my credit card and school loan debt, and one telling me that I should probably get more financial aid (all from different firms)…. The interest rates on private loans for schools are ridiculous (I am going through Sallie Mae), and I am already freaking out about how much I am going to have to pay back…

I don’t really have any family, and I am currently in my Junior year in college. I have been working full time, and paying my school on my credit cards, apartment etc etc.. (I have 3 with a total of 00 credit line, and they are usually maxed out when new semesters start). I get a little bit of money from the federal government (FAFSA) for school, but it obviously is not enough… I also have a bit of private loans from my grand mother who is co-signing for them.

So should I declare? When if I should?

I am not trying to skeeze my way out of it, and I am fine with paying it all back with the career I get when I graduate, but I am really scared about the whole thing (private loans), and I would like to know if there is an ALTERNATIVE route without having to sell my first born child. The gov. and my full time job do not provide enough income for school and such, and I can only work so much taking an average of 18 credit hours a semester.

If I declare bankruptcy, will it affect my grandmother since she is co-signing?

Please help me out. I am open to all constructive help and legitimate ideas that don’t involve anything illegal.

Technorati Tags: apartment, bankruptcy, credit card, credit cards, fafsa, federal government, financial advisers, financial aid, full time job, grand mother, grandmother, interest rates, little bit, money, private loans, sallie mae, school loan, semesters

I see the Federal Government & JP Morgan have offered to "lend" & help Bear Stearns stay afloat. How does that affect a 28 year old single male who still lives at home & refuses to buy a house anytime soon? Does this help or hurt my situation?

Technorati Tags: bear stearns, federal government, home amp, jp morgan

http://blogs.abcnews.com/theworldnewser/2009/12/president-obama-federal-government-will-go-bankrupt-if-health-care-costs-are-not-reigned-in.html
First off the Dems, progressives or lets just call them what they are the socialist start taxing us next year and do not provide anything for 3 of 4 years. So they can say the bill reduces the deficit.
How stupid do they think people are.
Does anyone think that at the end 15 or 20 years this bill will be budget neural.
Then there is the 500 Billion in cuts to Medicare waste. Really if they could cut that much why have they waited to do it.
Is Obama and the Dems, sorry socialists in congress just liars or stupid?

Technorati Tags: budget, federal government, health care costs, liars, medicare, medicare waste, progressives, socialists in congress

Since you can pay 00 to the federal government and just buy insurance when you need it why would anyone pay over 00 a year for insurance?

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The federal government is spending more than we can possibly earn or pay back…what would we be willing to forego in order to turn this sinking ship around? Would we be willing to forego social security? Medicare? Medicaid? Healthcare? Government jobs that pay more than civilian jobs? Pensions that bankrupt the very companies that attempt to provide them? Since we are going to lose all of these perks anyway when the nation collapses under the weight of it’s own debt…would we be willing to "voluntarily" start cutting back on what we expect from our government now, before they decide it for us…like many states are having to do now with their budget crisis’s which are forcing them to cut services to the public.

Hard times are coming, which will make the recent recession look like good times…when and how are we going to start cutting back in order to save our nation?
To Krystal…we have never been 107 trillion in debt before, so this is a doomsday situation…each and every American owes 345,000 in debt…and it climbs everyday…just the interest on our debt alone will destroy us…this is as bad as it has ever been or ever will be and it is US who has to fix it.

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Ok, first off I don’t know if this is a Conservative or a Liberal idea, but I did vote for McCain and Palin and think that they would make a better team to lead the country then Obama and Biden. Many in my family and I have to include my inlaws and YES!! even my own husband (he’s still the love of my life) think that sometimes my cognitive processes (thinking to those of you who haven’t mastered "BIG" words lol is on the eccentric side. For example, I thought (and still believe this idea) that when California was having the wildfires it should have let them burn out on their own and simply rescue any people in the way of the fires. People then should have been relocated out of California to live in such safer environments as Kansas (where there are few fires) etc. Anyway this is Rebecca thinking out of the box again. The government should simply print up a lot of money and use it to pay off all the bonds. After this, California would have plenty of money left to balance its budget and pay for schools, roads, and maybe even cut taxes. If the Federal Government refuses to print extra money to pay off the bonds (after all the money is only paper lol lol) then an alternative would be to simply default on the bonds issued by California and declare bankruptcy. So what do all of you think? Oh, in the interest of full disclosure, my mind is searching for something to keep busy since I said goodbye to my favorite man on Wednesday and he’s on his way back to Iraq after spending a wonderful two and half weeks at home on Leave. I think he left me with a little bundle of joy that just started growing inside of me and will eventually be an addition to our growing family.

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It is well documented by the federal government that only the poor really try to pay their bills. Why do Conservatives seek relief from debts every 6 to 8 years.
Wouldn’t you be rich too if you went bankrupt for 0,000.00 or 0,000.00 every 6 to 8 years?

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purchased 09 dodge vehicle with "life time warranty".what if they go bankrupt?The dealer told me the federal government will pick it up if a deal w/ fiat is not reached.

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