Yes, that sounds ridiculous doesn't it? Yet, that is in essence what our government is asking us to do with this $700 BILLION bail out that is proposed.
Now, I normally leave financial stuff alone because it really confuses me. I stick to my budget and balance my checkbook and that is about as complicated as my finances get. However, when I am being told that big companies (who have not been balancing their checkbooks or sticking to a budget) need my money (to the tune of seven hundred billion---yes you read that right, b-i-l-l-i-o-n dollars) to bail them out, I stand up and take notice.
Oh sure, the government tells us that it's going to keep these big companies from going under. Aren't we supposed to carry every one else's burdens in this great country of ours? Personally, I don't think I should be expected to foot the bill for some CEO's lack of common sense. Let the big companies crumble, I say. But then in my wise mother's words, "Sounds like a personal problem to me!" (In other words, it is their problem personally) I am not of the persuasion that our economy is heading into a recession, and so what if it does? Perhaps I am a bit too straightforward to some people's liking, but it's my opinion.
If you want to learn about an alternative that won't end up costing you BILLIONS of dollars, go here and be sure to tell your congressman how you feel about footing the bill for someone else's stupidity!
Not paying for someone else's mistake, it's what works for me!
FIVE IN THE POTTER'S HAND
5 comments:
sure love your post! hey...so nice to see you stop by....so delighted that i could help you tap into the POT.
blessings...lylah
and that is Power of the Table :-)
I could not have said that better myself. "In total agreement" these financial institutes have been working in the red for several years,knowingly giving people loans they knew they couldn't pay back. The government wants us tax payers to bail them out! What if the $700 BILLION doesn't do the trick, then what. I do not believe we should agree to any bail out plan, no matter what it is. I have a few mogtages and a few auto loans, perhaps the'll pay these off for me...
I understand what you mean and agree that it is their problem and that they shouldn't have overstretched themselves.
However, I do think that if the govt didn't do anything then it has a serious effect on the whole country - i.e spiralling inflation and heavy job losses and other horrible stuff like that.
On the other hand - as the religious leaders of the UK pointed out - how disgusting is it that the powers that be can find that much money for companies but struggle to find anything to close what is needed to help the poor?!!?
Priorities don't seem quite right do they?
I agree, This will not solve the depression to come. There are still more people who will continue to loose there homes. And more problems for the lenders who gave them loans they could not afford.
I couldn't agree more. Thanks for posting this. It is frustrating and scary. Have a great Monday, Kathi
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