Ex-mayor wracks up 13 million in gambling debts.

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Avatar image for MakeMeaSammitch
#51 Posted by MakeMeaSammitch (4889 posts) -

[QUOTE="MakeMeaSammitch"]

[QUOTE="Laihendi"] Money is worthless if there is nothing to buy. You can give everyone in the country a giant welfare check, but when everyone has a lot of money that just leads to inflation and the money becomes worthless. For money to be valuable there has to be material products being produced, and no government program can or will ever match the private sector when it comes to producing material wealth.Laihendi

That has nothing to do with what I just wrote.

Also, why does blueray get so much hate? He seems ok. 

The reason why you are against capitalism is that you don't understand the relevance of what I said. Laissez faire capitalism leads to a higher standard of living for everyone, despite economic inequality. Socialism makes everyone equally poor except for government officials in control of wealth redistribution.

I never said I was against capitalism.

your points are now moot.

Avatar image for RushKing
#53 Posted by RushKing (1785 posts) -
[QUOTE="MakeMeaSammitch"]

[QUOTE="Laihendi"] Money is worthless if there is nothing to buy. You can give everyone in the country a giant welfare check, but when everyone has a lot of money that just leads to inflation and the money becomes worthless. For money to be valuable there has to be material products being produced, and no government program can or will ever match the private sector when it comes to producing material wealth.Laihendi

That has nothing to do with what I just wrote.

Also, why does blueray get so much hate? He seems ok. 

The reason why you are against capitalism is that you don't understand the relevance of what I said. Laissez faire capitalism leads to a higher standard of living for everyone, despite economic inequality. Socialism makes everyone equally poor except for government officials in control of wealth redistribution.

lol, you don't know what socialism means. You have no proof of your claims.
Avatar image for airshocker
#55 Posted by airshocker (31700 posts) -

How is it possible for a single human being to get into that much debt?

Makes my credit card bills look like chump change.

Avatar image for dave123321
#56 Posted by dave123321 (35354 posts) -

How is it possible for a single human being to get into that much debt?

Makes my credit card bills look like chump change.

airshocker
mine too
Avatar image for Squeets
#57 Posted by Squeets (8185 posts) -

The democrats are the most fiscally irresponsible party in US history.Laihendi

GUYS!

Being fiscally responsible means NO TAXES and UNLIMITED BUDGET YAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY! 

Avatar image for Squeets
#58 Posted by Squeets (8185 posts) -

How is it possible for a single human being to get into that much debt?

Makes my credit card bills look like chump change.

airshocker

OP got the title wrong, she had won and lost over a billion.  But her net debt was only $13,000,000... And considering she used to be the wife of a Fortune 500 company owner and respected politician, it would be easy for a bank to loan multiple times that amount to her.

Avatar image for Rattlesnake_8
#59 Posted by Rattlesnake_8 (18452 posts) -
Dumb, the casinos don't give me credit when i walk in.
Avatar image for krazykillaz
#60 Posted by krazykillaz (21141 posts) -
13 million net losses. Not quite as bad as a billion, but still pretty bad.
Avatar image for The__Kraken
#61 Posted by The__Kraken (858 posts) -

If I had a ton of money, I could think of a billion better uses for said money than for gambling...

Avatar image for Shottayouth13-
#62 Posted by Shottayouth13- (7016 posts) -
You would think she would have called it quits after the first 100 mil
Avatar image for NEWMAHAY
#63 Posted by NEWMAHAY (3824 posts) -

[QUOTE="HoolaHoopMan"][QUOTE="Laihendi"]

graph_zpse0f39fd8.jpg

The national debt increased by over 1,300% during FDR's presidency.

Laihendi

Hmmmm, I wonder what could have happened around 1941 that could have caused it to spike. I'm perplexed.

Even if you ignore WW2 he still more than doubled the national debt from 1932-41 with his failed new deal policies. And there ended up being another recession after the war for the same reason.

Do you know how bad it was for Americans before FDR came in?

Avatar image for worlock77
#64 Posted by worlock77 (22552 posts) -

The democrats are the most fiscally irresponsible party in US history.Laihendi

Because Republicans have been so fiscally sound in recent decades. Ok Laihendi, fess up: are you really this stupid or is it just an act?

Avatar image for DroidPhysX
#65 Posted by DroidPhysX (17098 posts) -
Laihendi would be the second best coolbeans alt account.
Avatar image for chrisrooR
#66 Posted by chrisrooR (9027 posts) -

[QUOTE="Laihendi"]The democrats are the most fiscally irresponsible party in US history.worlock77

Because Republicans have been so fiscally sound in recent decades. Ok Laihendi, fess up: are you really this stupid or is it just an act?

He's trolling. Can I propose that we all just start ignoring him?
Avatar image for dercoo
#67 Posted by dercoo (12555 posts) -

Title is deceptive, her actual debts are only 13million.

Avatar image for GreySeal9
#68 Posted by GreySeal9 (28247 posts) -

Title fixed.

Avatar image for dave123321
#69 Posted by dave123321 (35354 posts) -
Laihendi would be the second best coolbeans alt account.DroidPhysX
I agree
Avatar image for Laihendi
#70 Posted by Laihendi (5876 posts) -

[QUOTE="Laihendi"]The democrats are the most fiscally irresponsible party in US history.worlock77

Because Republicans have been so fiscally sound in recent decades. Ok Laihendi, fess up: are you really this stupid or is it just an act?

As I have already said, the GOP is bad but the democrats are even worse. I never said the GOP was fiscally responsible. You are just making stuff up.
Avatar image for LazySloth718
#71 Posted by LazySloth718 (2345 posts) -

Whenever you gamble my friend you eventually lose.

Avatar image for LittleMac19
#72 Posted by LittleMac19 (1638 posts) -

Rich and still gambling? *laughs*