Well they finally passed the bailout for Wall Street today. Now I was in support of the original bailout. It would have given money to buy bad loans and help out banks which would have helped them stay off bankruptcy. It would have helped stabilized the housing market and also the stock market. But I am very disappointed in the members of congress that changed their votes.
They lied to the public and told us that they would not support it because it put too much on the taxpayers and they wanted to stand up for us. Now it turns out it was just their way of blackmailing the country and taxpayers for more money. As if the 700 billion wasn’t enough they held out for an additional 150 billion dollars bringing the total to 850 billion or 21% more. They didn’t care about us they just wanted more money from us so now the bailout that they thought was unfair to us will cost us all more.
They tacked on 150 billion of special interest pork barrels. That is downright dishonest and should be illegal. I feel all those that had voted no and now changed their vote betrayed our trust and should be voted out of office. I think all elected officials should be replaced with someone who cares about the people who elect them.
Now some states are crying to the federal government for help making their bills. It now seems that with the down turn they are now facing budget shortfalls. They feel the federal government should bail them out to at tax payer expense. I don’t know about the rest of you but as gas has gone up I have made cuts in other places where I spend money. I think that if states can do this we as tax payers should be able to tell the government we want a bail out too. Maybe they can suspend all personal federal tax till this problem is solved. I know that will never happen but just shows how stupid it sounds. It is time that state, city, county and even the federal government start cutting their spending and lives within their means like the rest of us. It is time they step up and make cuts in spending waste.
