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Bye, Bye.
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I don't think Black's Law Dictionary is incorrect...seems that there are no material differences between the two.
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Cheese and Rice Sam, give this one up! It's obvious (even if you continue to disagree about your definition of bankrupt vs other people's definition) that there is sufficient ambiguity about it that you can't call this a Bush LIE (which was the whole point of the thread). Can we move on to another one please? I think this horse is long dead and I don't feel like another two pages of 5 people trying to convince Sam that his definition of bankrupt is wrong...
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I did not think anyone by my brother and I used that one. Made me laugh.
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*************************** '97 Saturn SL (tiny 1.9L bubble car) '98 Grand Prix GTP (4dr family car with a bite FOR SALE) '87 944S (Sold as a German engineerd money pit) '78 Chevy 4x4 (What I drive when everything else is broke) |
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I guess I'm too old to know what cheese and rice means.
I would urge anyone here not try to file bankruptcy in the USA by declaring they can not pay 26% of their creditors. The SS system is backed by the full faith and credit of the US Goverment, so the SS system is not bankrupt as long as the US Gov. is solvent. Maybe Mr. Bush meant the US Gov. would be insolvent by his date. Time to move on to the next lie of choice.
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oldsam 73 911 |
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"If you tally up your loan payments and they are 26% higher than your income"
Higher than your income plus money derived from selling most of your assets (with a few exceptions). But we are not talking about an individual here--you slide off in that direction. We are talking about the SS System of the US being bankrupt. SS is backed by the full faith and credit of the US Government. Big difference. Keep your money. You'll need it when you reach my age, I can assure you.
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oldsam 73 911 |
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Anyone want to research and write this up for daddy? I'm sure he'll be grateful to you! He might even stop being flip and sarcastic for a post or two. |
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A person with no assets and bills 25% greater than their income will have no trouble executing a BK. If you say otherwise you're a fool.
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Well, I'm saying otherwise, so I guess I'm a fool! Dang! You got me, I keep getting bested by your superior skill and intellect! Dang! |
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But the person we are talking about (the US Government) has a lot of assets. That's one reason why Mr. Bush's statement was stupid if nothing else. Foolish is as foolish does. Trying to argue publically with a stranger without knowing the stranger's life experience, occupation, education, etc. is truely foolish. Mine, for the most part, is unknown. Your's is recorded here for all to see.
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oldsam 73 911 |
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Oh yea ....
How do you "execute" a bankruptcy? Firing squad? Lethal injection? Oh! You mean "file the papers!" Heck, Bill Gates can file the papers if he wants, so I guess you are right. Anyone can "execute" a bankruptcy. (See, what happens next, AFTER you file the papers, is kinda the important part)
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We will stay the course. [8/30/06] We will stay the course, we will complete the job in Iraq. [8/4/05] We will stay the course *** We’re just going to stay the course. [12/15/03] And my message today to those in Iraq is: We’ll stay the course. [4/13/04] And that’s why we’re going to stay the course in Iraq. [4/16/04] And so we’ve got tough action in Iraq. But we will stay the course. [4/5/04] Well, hey, listen, we’ve never been “stay the course” [10/21/06] --- George W. Bush, President of the United States of America |
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Now please start a new thread entitled "Bankruptcy Debate" so you can continue to beat a dead and decaying horse and leave this thread to what it was intended, seeing if anyone can come up with a provable Bush lie.
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Rick 1984 911 coupe |
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LATEST BUSH LIE: HE CITES REPORT THAT DOESN'T EXIST
"There was only one problem with President George W. Bush's claim Thursday that the nation's top economists forecast substantial economic growth if Congress passed the president's tax cut: The forecast with that conclusion doesn't exist.Bush and White House Press Secretary Ari Fleischer went out of their way Thursday to cite a new survey by "Blue-Chip economists" that the economy would grow 3.3 percent this year if the president's tax cut proposal becomes law. That was news to the editor who assembles the economic forecast. "I don't know what he was citing," said Randell E. Moore, editor of the monthly Blue Chip Economic Forecast, a newsletter that surveys 53 of the nation's top economists each month. "I was a little upset," said Moore, who said he complained to the White House. 'It sounded like the Blue Chip Economic Forecast had endorsed the president's plan. That's simply not the case.'" 2.24.03 Seems nobody wants to go here? It's been posted 3 or 4 times with no response.
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oldsam 73 911 |
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