oh, this should be good
Sep. 20th, 2008 11:14 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
eorThe President just proposed a $700 billion bailout for the US banks. That means we, the people, get to buy all the bad assets while the banks keep control of the good ones and the speculators can move on to their next target, starting the whole game over again. $700 billion is a fair chunk of change. Let's see, around $2,300 for every man woman and child in the US. Or around $6,000 per household. Of course, we won't pay that right off, because we're not going to increase taxes. Instead we'll let some interest build up and leave it for the next generation to pay.
Yet another shift of responsibility. The boomers want to retire prosperous, at any price. They'd rather sell their children down the shitter than live within their means. This house of cards looks like an Escher wetdream already. Or maybe the sarcophagus at Chernobyl.
If you're in the US and you're under 50... you didn't even get a kiss.
Yet another shift of responsibility. The boomers want to retire prosperous, at any price. They'd rather sell their children down the shitter than live within their means. This house of cards looks like an Escher wetdream already. Or maybe the sarcophagus at Chernobyl.
If you're in the US and you're under 50... you didn't even get a kiss.
