Bailout

I tend to think the main reason why congress is so willing to spend our money is that they forget what big numbers really are. The attitude is, “well it is only $20 million… so what’s the big deal.”

“A billion here, a billion there, pretty soon it adds up to real money.” (Senator Everett Dirkson)

I think that the reason why the populous doesn’t scream more at the spending of money is two fold. First, people in general don’t have any idea how much money we are talking about and second, people in general don’t realize that it is their money.

The 2 Trillion from the title is from my last post on how much new debt we are incurring via the bailouts in just the last year. And they have added even more since that post. In reality… it is significantly more… not just a little more.

So, how much money are we really talking about? continue reading...

Earlier this week, there was a summit of governor’s called by President Obama. The most interesting to me was one news report indicating they were going to talk about “fiscal responsibility.”

The fact that elected elite vote to spend yours and money today and put this country into such significant deficit that our children’s children will be still struggling to see the end of debt tells me that our elected officials are too entrenched in the attitude of “spend what I want” that this level of hypocrisy is laughable.

These are the people that are spending over $23,000 of every tax payers money in less than 1 year just in a bunch of “stimulus” bills.

The last people that can claim any level of fiscal responsibility are those that so freely spend your money and mine without thought of the reality they are causing.

But, what does this really mean? Is this something we should worry about? continue reading...