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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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Old 11-22-2005, 08:09 AM
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Quote:
Originally posted by oldsam
Not only are you not polite, but you are obviously lazy.

That's what I've been tryin' to tell ya!


Quote:
Originally posted by Rodeo
daddy's either really, really lazy, or he can't get Google to work on his machine. Everything, and I mean everything, he says is "off the top of his head." No facts, no data, he just sits there and plinks cans with what he obviously believes is his superior wit and style.
Old 11-22-2005, 08:14 AM
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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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Old 11-22-2005, 08:19 AM
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Quote:
Originally posted by Nathans_Dad
Cheese and Rice


I did not think anyone by my brother and I used that one. Made me laugh.
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Old 11-22-2005, 08:28 AM
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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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Old 11-22-2005, 09:43 AM
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Quote:
Originally posted by oldsam
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.

You are simply incorrect. All one needs to do is prove their income is not sufficient to pay their creditors and survive at the same time. If you tally up your loan payments and they are 26% higher than your income you will breeze through BK court. Like I said, many people go BK when they could pay all their bills but have nothing left to live on. I will gladely wager you on this and I'll pay for the BK lawyer to explain it to you (I'm sure he'llearn his money with you).
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Old 11-22-2005, 09:48 AM
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Quote:
Originally posted by lendaddy
If you tally up your loan payments and they are 26% higher than your income you will breeze through BK court.
How long did it take you to research this wildly inaccurate information?
Old 11-22-2005, 09:56 AM
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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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Old 11-22-2005, 09:58 AM
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Quote:
Originally posted by Rodeo
How long did it take you to research this wildly inaccurate information?
Enlighten me. This outta be good.
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Old 11-22-2005, 10:05 AM
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Quote:
Originally posted by lendaddy
Enlighten me. This outta be good.
It might be good, but I'm not going there. Let's just say I know more about the Bankruptcy Code than you. A lot more.

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.
Old 11-22-2005, 10:19 AM
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Quote:
Originally posted by oldsam
"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).
Yes, but our subject has NO assets remember? So why would you assume they did in my example? By 2042 there will be ZERO in the trust fund, only daily contributions (income)will exist.
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Old 11-22-2005, 10:25 AM
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Quote:
Originally posted by Rodeo
It might be good, but I'm not going there. Let's just say I know more about the Bankruptcy Code than you. A lot more.

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.
I don't think you know alot more about anything than anyone.

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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Old 11-22-2005, 10:27 AM
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Quote:
Originally posted by lendaddy
If you say otherwise you're a fool.
Another well-reasoned, well-researched post by the daddy!

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!
Old 11-22-2005, 10:41 AM
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Quote:
Originally posted by lendaddy
I don't think you know alot more about anything than anyone.

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.
It is amazing your example consumer keeps changing. Who today doesn't have assets which can be sold and divided among their creditors?

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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Old 11-22-2005, 10:44 AM
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Quote:
Originally posted by Rodeo
Another well-reasoned, well-researched post by the daddy!

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!
Glad we made progress, now I can move on to other things. You don't have to remain a fool though and now that you know you're half way home. Best of luck moving forward.
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Old 11-22-2005, 10:45 AM
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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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Old 11-22-2005, 10:45 AM
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Quote:
Originally posted by oldsam
Foolish is as foolish does.
Thank you Forrest Gump.

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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Old 11-22-2005, 10:48 AM
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Quote:
Originally posted by Rodeo
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)
To execute or successfully complete. Which in this case would mean accepted by the court. Damn, do I need to chew your food too?
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Old 11-22-2005, 10:54 AM
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Quote:
Originally posted by oldsam
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.
I don't care where you went to school, how much money you make, or what your profession is as wrong is wrong and you sir are wrong.
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Old 11-22-2005, 10:56 AM
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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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Old 11-22-2005, 10:57 AM
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