2011-07-07, 12:22 | Link #14641 | |||
(ノಠ益ಠ)ノ彡┻━┻
Moderator
Join Date: Mar 2006
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It only sounds extreme because it is a total sum of each count he was found guilty of. Trust me, they didn't just say "you're guilty of child molesting!" and literally throw the book at him (would have been awesome if they did, but....). In legalese, he probably had multiple counts of stuff like intent to distribute, assault, molestation, attempted rape, etc. and was found guilty of most of them.
The most likely outcome for him is that he'll either die in prison, or get out at some point but under permanent house arrest. If he does make it out of prison safely, he'll be lucky. Quote:
But yeah....I know exactly what you mean. Quote:
Believe me when I say that if America enters into another Depression (and it is rapidly going that way, just read a few posts back and see the list Saintessheart posted for big reasons why), it will drag the rest of the world down with it. Don't count on countries like China to buffer the collapse; China has its own problems with market bubbles and such. As painful as it sounds a Depression may actually be a good thing. It will force people to finally hold government accountable and with a crashed economy very few rich people or companies will be left to keep their influence. If the Federal Reserve survives I'd be shocked. The only thing you can doubly sure of at this point is that the Founding Fathers and FDR are rolling in their graves. Quote:
If you've got the money to buy/use them, you're likely unconcerned about how people will think of you. You're in pretty exclusive company at that point.
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2011-07-07, 12:34 | Link #14642 | |
Senior Member
Join Date: Apr 2004
Location: Edinburgh
Age: 42
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2011-07-07, 12:34 | Link #14643 | ||
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 36
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2011-07-07, 12:55 | Link #14645 | |
Senior Member
Join Date: Dec 2004
Location: Portugal
Age: 44
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Same type of crime and biggest in Portugal took 10 years to resolve (Casa pia). I don't think most of them are in jail yet. They are appealing.
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2011-07-07, 13:22 | Link #14646 | |
temporary safeguard
Join Date: May 2004
Location: Germany
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Those media guys are a real threat to democracy. |
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2011-07-07, 13:52 | Link #14648 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 47
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If the free media was actually free and reporting instead of being a political mouthpiece and/or attempting to controlling the population.
When it was the news as oppose to sensationalism....then it helped democracy. Now? It doesn't help as much anymore.
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2011-07-07, 14:11 | Link #14650 | |
Senior Member
Join Date: Jan 2009
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Also, due to investors losing confidence, the US credit rating would take a plunge, making it far more expensive for the government to refinance debt that is reaching maturity (which happens reguarly and is a normal process). Interest payments on the current debt would increase and take up a far larger part of the country's future budgets, severely lowering available funds for social security, medicaid/care and defense. These consequences are so serious that a default will never be allowed. Currently it's a game of chicken between the administration and the republicans and who ever gives in first will have to make political concessions. If time starts to run out, pressure by corporations, the financial sector and other governments will become so high that both sides will have to play ball. I'm curious what would happen if the treasury is forced to borrow without permission from congress. I'm sure it lead to some kind of constitutional crisis, but as an economist I don't know enough about legal matters to make a guess. |
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2011-07-07, 14:16 | Link #14652 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2011-07-07, 14:59 | Link #14654 |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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he did, Geithner said he already use trick in the book to extend the date. However some libertarian/conservative economist are saying the government can extend the deadline further by selling the National Highway system, gold in fort Knox., national parks and other assets.
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2011-07-07, 15:34 | Link #14655 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 67
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http://www.signonsandiego.com/news/2...ng-bankruptcy/ http://blog.mysanantonio.com/terriha...axpayer-money/ http://www.freerepublic.com/focus/f-news/2542547/posts Yeah.... the sound-bites of the "no government" crowd just make one's head spin when reality drops in. Community resources inherently aren't supposed to "make a profit".. .they're there for the overall value of the community.
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2011-07-07, 16:06 | Link #14656 | |
Senior Member
Join Date: Sep 2008
Age: 38
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2011-07-07, 16:50 | Link #14658 | ||
Senior Member
Join Date: Jan 2009
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If they don't come to an agreement, than there is the nuclear option. Obama can order the Treasury to ignore the debt ceiling (and congress) rather than risk blowing up the international financial system. The fourteenth amendement may or may not allow this. In any case it would be a complete mess for the lawyers to sort out afterwards but certainly preferable to a default. Politicians are expendable. |
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2011-07-07, 17:02 | Link #14659 | |
Senior Member
Join Date: Sep 2010
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the guys in the G.A. industry better step up against this POtuS or they end up battered like what libs did to the yacht building & servicing industry decades ago |
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2011-07-07, 17:09 | Link #14660 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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current affairs, discussion, international |
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