Here is the current headline at WaPo: Lawmakers Skeptical of Financial Rescue Plan Paulson, Bernanke argue for broad authority to stabilize market, warn that failure to pass $700B program would impose greater risk for taxpayers.
Ugh, where to start. I love how the ruling elite see the people as nothing more than taxpayers. The whole purpose of our lives should be to generate as much possible tax revenue as possible so these arrogant pricks (who nobody voted for) can tell us what is best for us by giving that tax revenue to people who lost tons of money. Perhaps we should all be thankful the government allows us to keep any of our money at all.
Since there are around 300 million people in the US right now, then if $700 billion was to be equally distributed amongst all the taxpayers (which it won’t), it would cost each taxpayer over $2000. I don’t know about you, but I don’t enjoy throwing $2000 down the toilet.
Isn’t this the kind of debacle that the Federal Reserve and Bretton Woods Systems promised to avoid? Hmm, maybe more people should have listened to Ron Paul and the Austrian School of Economics.
