Plus, the new bailout has tax breaks. So its back to the policy that got America into this mess in the first place, run up the debt, pay for it later.
Except the price tag of paying it later gets more and more expensive. Long term effect of the bailout, net negative. Sadly the original bailout was less damaging long term. But it's an election year. Throw money out the windows.
I understand you need to grease the financial engine here, but the right way was to increase taxes, not increase debt. The pass the buck policy of America continues. More credit, cheaper, bubble onward.
Fool me once shame on you, fool me twice shame on me.
-
Plus, the new bailout has tax breaks. So its back to the policy that got America into this mess in the first place, run up the debt, pay for it later.
Oct 01 09:48 am
|Rating:
0
0
All Comments by SeeTheLight »The Economy Won't Be Ignored [View article]
Except the price tag of paying it later gets more and more expensive. Long term effect of the bailout, net negative. Sadly the original bailout was less damaging long term. But it's an election year. Throw money out the windows.
I understand you need to grease the financial engine here, but the right way was to increase taxes, not increase debt. The pass the buck policy of America continues. More credit, cheaper, bubble onward.
Fool me once shame on you, fool me twice shame on me.