The United States has a national debt of 11 billion give or take, 41 states are currently running on budget deficits(illegal for most of them mind you). The Federal Reserve has rates at 0 and has pumped trillions into the economy. Hank Paulson and company has raped and pillaged the taxpayer and is going back for seconds. Obama is planning at least a trillion dollars in new spending just for "stimulus" that doesn't include any of his main "socialist" programs. I have to think Pelosi and company wont be happy sitting on the sidelines and will be lining up to pass out some more money.
If, and it is still an if but if this works to stimulate and reflate the economy what are the costs to ourselves or our children in the future? Do today's results justify tomorrows bill?
Oh and back to pillaging Paulson the TARP money seems to just be doing absolutely nothing for lending. Why? GS is paying bonus' with it, PNC buys NCC with their share. Others are doing similiar things or just hoarding it.
Will we ever be able to scrape our way out of this massive hole? Not without raising interest rates to attract investment.
Pick off of this idea. Somewhere TBT is going to make a shit load of money for people. I don't think we are there yet but keep it on your radar.
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