All right, now we have our big solution passed.
Congress passed this 700 billion dollar boondoggle to bail out Wall Street and bankers and the big bank houses and set the world right, after 2 weeks of screaming about the sky falling. (See yesterday's entry).
Now what?
And see? That's the problem.
We focused for 2 weeks, our government did--and they tried to get us to do the same thing--on how bad the economy is/was and how we needed to give them this three-quarters of a trillion dollars. Now that they've added some trinkets for themselves and their friends, it's okay to go.
The question now is, has anyone thought about what all this debt will mean for us? H
We already have a ton of debt, thanks to out horrible spending of the last 8 years. Then we've added this little lump on top of that.
Has anyone thought ahead to what all this debt is going to do to us and our budgets and spending?
I'm sure Hank Paulson has, to an extent. And economists.
It's going to keep us from spending big time.
Universal health care?
Don't make me laugh. Ain't gonna happen.
It's been suggested again and again over time that the core cabal of Republicans have wanted this very thing to happen so they can rid the country of things like Social Security, "entitlements", universal health care and the like.
And who can disagree with that? That's exactly what it looks like, true or no.
Naomi Klein agrees and says so in her latest book.
And the biggest benefit? In the meantime, they gave all kinds of gifts in the form of money--millions, billions and trillions--to friends and corporations.
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