Quote:
Originally Posted by Azure
Thing is, the government created this mess in the first place, or had a hand in it at least. But, they shouldn't be bailing out all these companies.
I'm trying to figure out where the next $2 trillion is supposed to come from. And what if it gets worse, and the bailout costs goes up to $5 trillion? Why should the taxpayers have to foot that bill? |
Well after some digging, from what I can tell, sort of just "make it up" (RE: $2T) ... and hope to pay it back in the future, or never and just keep gliding through life letting the debt snowball. As a result, taxpayers are footing the bill by our generations and future generations to try and struggle to pay off the interest to these debts that is getting to the point where they'll never pay them off, and struggle just to pay the interest - a scary proposition for a band-aid fix.
We're not just talking about paper loses here that you can keep throwing money at, circa 1987 or 1999 (I think I got those years right, +/- a year) ... we're in a full fledge recession that can't be fixed by the government throwing the future away for attempted/failure propositions. Paul Krugman gave a very good 1 hr explanation that can be found on Youtube about this.
To me, we're already in teh "what if it gets worse" because this is Round 2 for GM in the past half decade which was a couple billion. I read somewhere the bailouts given this year are on the other side of $2 trillion.
A billion here, a few trillion there, sooner or later, we're going to be talking about real money.