Quite some number eh? That’s the cost so far of the economic bailout. $7,361,917,000,000. That’s 7.3 TRILLION! Wow! That’s 7 million millions. I wonder where all that money is coming from… Oh right. US! Not directly of course, but they are printing money, therefore making our money worth less. They are borrowing money from places like China that we will eventually have to pay back. Is this really the right move?
This economic bailout has now become the MOST EXPENSIVE SINGLE EXPENDITURE EVER! More money then we’ve ever spent on ANYTHING ELSE. It’s more then twice what we spent on WWII. WWII cost $228 billion at the time, adjusted for inflation that’s $3.6 trillion. Only half of what we spent on the economic crisis.
It’s more then we spent on the Louisiana Purchase for those of you who don’t know the purchase cost us $15 million at the time (1803) Adjusted for inflation that’s $217 billion. Would you spend that today for the Louisiana Purchase?
The bailout is 33 Louisiana Purchases. Except instead of spending the money for land you are spending it to save questionable companies :???: I’d say let them fail, if they want to survive they will fix themselves. At the moment they don’t have to fix the problems in their company, they beg for money… and get it.
OK, fine, I’ll bite. Let’s just say it’s all needed money (which i don’t think it is) I can get by with that. What I cannot get by is how fast they money left the funds of the U.S. It seems like they didn’t even CONSIDER where it was going. They just threw money at the problem. That makes me sick. Nothing short of physically sick. I hope our government does not continue to spend like this. This is all money that’s being added to our Debt. We haven’t had time to raise it. We’ve just borrowed it from people (China) or printed it (making the rest of the dollars out there less valuable)
We cannot spend our way out of this, even more so with money we don’t have. We need to THINK our way out of this, we need to CHOOSE our way out of this. But we can’t do that if every time we choose the Government comes in and says “no, the people of this country are making the wrong choice” That’s the truth here, people are not buying enough GM cars to make them profitable, so we’ve made our choice…
It’s time to get conservitive with our money, then it will start becoming valuable again. Goverment needs to step out and let the PEOPLE decide which companys should fail or survive. THAT IS DEMOCRACY!
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