Bush wants OK to spend $700B
Bailout proposal sent to Congress seeks authorization to spend as much as $700 billion to buy troubled mortgage-related assets.
This is an outrage! Despite the fact that most Americans are as disconnected to this current financial crisis as we are to the wars in Afghanistan and Iraq - the figures that are being presented to us are staggering.
What is going on here? I am a solid capitalist but this all stinks to high heaven.
There is little difference between the "funny money" that we have in Monopoly and that which is present in our wallets. It is the faith and confidence that we all place in the US currency that makes all of the difference in the world.
$700 billion for a bail out.
$1 trillion each year for entitlements.
All of these expenses are being tallied on the books and the day of reckoning will some day come back to us.