Bailout Blues : COED Magazine

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Bailout Blues

September 28, 2008 - 6:30 pm By COED Staff

So it looks like the Congress is going to pass the $700 billion bailout, and that means every single American is going to get saddled with a $2,300 bill. Since that money’s coming out of your pocket, whether you like it or not, you can only think of what you would have otherwise spent that money on, if you were spending it.

What would you have rather spent $2,300 on than bailing out Wall Street?

(Image: i-magin-ation.com)

One Comment		Posted in News-ish
		Tags: $700 billion bailout, 700 billion, bailout, congress, congress bailout, wall street $700 billion, wall street bailout, wall-street

Keith says:

September 29, 2008 at 6:54 am

Except we really don’t pay for it. You will not see a large deduction on your paycheck’s for it. They will just get a bank loan from the Federal Reserve, Which is actually a private bank and in no way at all run by the Federal Government. That will in turn print out money with no backing at all (Quite literally like Monopoly money) because they don’t have to audit the gold they supposedly have. Thus the national debt goes up because the government got a loan from the reserve. It is not possible to recover from the national debt. EVERYtime the Federal Reserve prints out money, the debt goes up.

Watch the movie “America: Freedom to Fascism”.

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