Dear Washington,
October 4th, 2008 by Kyle
Sincerely,
Your Children
cc: China, Dubai, God,
Encl: your legacy of failure.
Economic “Stimulus” : $168 Billion
AIG Takeover : $85 Billion
Fannie Mae / Freddie Mac Takeover : $200 Billion
Financial Industry Bailout: $850 Billion
———————————————–
Total Cost: $1.30 Trillion
Total offsets (discretionary spending offsets, revenue increases) : $0
Yes that’s right, our federal government has charged $1,300,000,000,000 dollars on the national credit card in the last 9 months. That’s by far the biggest expenditure in the budget. In fact, it’s more than the entire yearly payout from Social Security, Medicare, and Medicaid COMBINED!
There is no plan to pay for it.
To put it in more tangible terms: You’ve just had your taxes raised, your universal health care denied, your troops de-funded, your retirement benefits cut, your infrastructure neglected, and your public education system destroyed. The money is gone and eventually the piper must be paid.
Anyone under the age of 40 who isn’t pissed off isn’t paying enough attention.
This entry was posted on Saturday, October 4th, 2008 at 2:06 am and is filed under Political Sundries. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
October 5th, 2008 at 6:23 am
[...] October 5, 2008 · No Comments That Other Guy’s Thoughts on the bailout, rescue plan made clear, Anyone under the age of 40 who isn’t pissed off isn’t paying enough attention. [...]