Friday, October 3, 2008

$700 billion bailout? You ain't seen nothing yet


I have pointed out that $700 Billion is a starter, it's descent into a boyttomless pit! It is now MORe clear to the public, this is indeed the first of MORE Bailouts to come
We have set a precedent, why not MORE bailouts?

Heritage Foundation said this,"Think $700 billion to bail out Wall Street is expensive? Just wait. The mortgage meltdown is cheap compared with the coming fiscal firestorm fanned by unfunded Social Security and Medicare costs.Together, these programs hold unfunded obligations totaling $41 trillion - 60 times larger than the proposed Wall Street bailout. And even this understates the difference, because $41 trillion is the current net value of the unfunded obligations over 75 years."

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