The nine most terrifying words in the English language are, "I'm from the government and I'm here to help."-- Ronald Reagan
(Above statement for display purposes only - contains no working parts.)
U.S. Treasury Secretary Henry Paulson says we need to take "troubled assets" off the books of financial organizations and that will cost the US taxpayer hundreds of billions of dollars, but doing nothing would cost far more. That's the price we pay for having voted for Republicans.
Service on the debt these people have run up is a dominant factor in our overall budget. It's going to get much bigger. The expense of administration is about to get much bigger. The burden will be shifted more firmly on the shoulders of those who do not make $250,000 or more a year -- and their children and grandchildren.
Had the Captain of the Titanic survived, he would not have been well served to put that last voyage on his résumé, yet the Republicans persist in bragging about their economic expertise and John McCain who has steadfastly been part of the problem, is trying to tell us Obama gets his economic advice from former Fannie Mae chief executive Franklin Raines. Yes, that's the hypocrisy alarm bell you hear, and that chorus of laughter in the background is from the former Enron pirates and their accounting firm. That event cost us -- big time. This one will be a supernova in comparison.
McCain, like the rest of these dogma-eating pit bulls are no different from the millions with maxed out credit cards who take out new cards to pay the interest and penalties. Of course the debt laden working poor don't have the option of a public buyout of their debt, but We The People are being forced to assume the liabilities of the biggest swashbucklers and pirates in American history.
Maybe it really is a scary thing when the government offers help.
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