Tag Archives: Bailouts

So, really, do you need any more evidence?

Do we need any more evidence that the status quo in Washington D.C. is breaking our nation. If you do, how about the fact that your audacious lawmakers just bailed themselves out to the tune of $2.4 million more of our tax dollars in the form of a “cost-of-living” raise? […] Continue reading

Posted in Government, Nations, News, Politics, Quid Facis, Society, Spending, United States, World Watch, Worldview Item of the Day | Tagged , , , | 1 Comment

Bailing out the wrong people

Worldview Thought for the Day As the drumbeat of government bailout continues, we march further away from bailing out the very people who are most likely to be able to end the current economic downturn and ensure future prosperity for … Continue reading

Posted in Education, Government, History, Nations, News, Quid Facis, Society, Spending, United States, World Watch, Worldview Item of the Day | Tagged , , , | 5 Comments

We’ve heard this one before

This afternoon, the House of Representatives will vote again on a revised version of the Wall Street bailout bill they defeated Friday. I don’t know about you, but I hate having to do the same work twice. There has been … Continue reading

Posted in Economy, Government, News, Politics, Spending | Tagged , , , | 2 Comments

Something good happened in Washington today

If one only judged by the media frenzy, one might conclude that the world ended sometime this afternoon when 228 brave representatives listened to their constituents and their own consciences and voted against the Emergency Economic Stabilization Act, better known as the Wall Street bailout. Instead, while the economy is rough and times are tough for some people, we are all still here and without a $700 billion dollar debt against our futures. […] Continue reading

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Owning America

I grant that I am not an economist, but it seems to me that, with the combination of the projected federal budget, the current federal deficit, and the proposed Wall Street bailout plan, the federal government will control more than 25 percent of the gross domestic product if the bailout plan passes. More correctly, the federal government will split that control with foreign governments who own a substantial share of our government’s debt. […] Continue reading

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