Friday, November 14, 2008

I Don't Know Much, But...

...how come the government is able to say, "Oops, sorry, we'd like to change where the 700 Billion dollars of bailout money will be allocated?"

...how come they can tell us, "Sorry, we know you taxpayers are footing the bill, but it's really none of your business that we just loaned 2 trillion dollars of your money. No, we won't tell you to whom we loaned it."

The last price tag I saw of tax payer money spent so far is 3.5 trillion, but others say it will be more like 5 trillion dollars or more before we are done. Oh my goodness, can you even wrap your mind around that number? This article was the best I found for breaking down the spending so far.

Where does it stop? Come on in, the Treasury's open!

Now everyone has their hand out looking to dip into the US Piggy Bank:

The auto industry is asking for 25 billion and may get as much as 50 billion.
The mayors of Philadelphia, Atlanta, and Phoenix want a cut while we are being so generous.

What will the final bill be? How can we spend more and more money that we just don't have? Honestly, I'm not trying to be sarcastic. I really want to understand. Why are we robbing from our children? At what point will we just collapse?

When my youngest daughter heard the radio say 700 Billion Dollars, her eyes got wide- "Mommy, is that really a number?"

Is it? I don't know. : )

I think the lawmakers need to sit down with the princesses and watch what they do with their allowance money. 10% to God. 10% to long term savings. 80% being saved for the Wii they are dreaming about that will probably take them the entire year to earn, but they understand "you don't spend money you don't have." And if you want money, "you work for it." Simple, right?

OK, you economists out there. Please explain. : )

4 comments:

LifeAtTheCircus said...

Every time they approve more money to be spent for the bailout, my husband says to our four year old son, "The gov't decided to give xxxx of your money...do you think that is ok?"
Each time my son, gets all upset, "No, not my money. Tell them no"
To which my husband says, "Well son, I can't, but I just didn't want you to be able to say, no one told you when it was happening."

Marmee said...

I think THEY think it's monopoly money and they cab just keep sneaking money from the bank.

I don't think ANYONE understands this. And the frustrating part is that there's nothing we can do about it.

I agree.....how much more money do we give out (MONEY WE DON"T HAVE) before the whole thing just collapses?!!

What gets me is that people who aren't experts in high finance are deciding the economic future of our country. That's like letting my 10 year old pay the bills and balance the checkbook. It can be done better by someone else. Who that is, I don't know, but I don't think it's Nancy Pelosi and her comrades who go and pout when things don't go their way!!

The Jernigan Family said...

I know it is crazy that I spent $1.50 on one green pepper in the store the other day and thought that was outrageous. When you think about how much money they are sending oversees (Did I hear 10billion a month???)on this war when the economy at home is going into he shitter, it really makes you wonder what government they are really trying to run. And it really sucks to see the rich get richer at the expense of the working man. I have faith though that change is coming...it might take a while, but it just has to

Kelly said...

I couldn't agree more with you, Becky. And I think most of America is in agreement with us. If these companies can't run their business to make a profit, maybe they shouldn't be in business!