When congress initially voted down this 700B bailout, I thought, good, they are trying to protect the average American taxpayer from getting robbed.
Now I see that the only reason they voted it down is that they disagreed with exactly HOW the American taxpayer should get robbed. Nice to see that they are more in agreement now.
In the meantime, I understand that many good economists have advised against a bailout; that they should study it carefully first. But power and arrogance go hand-in-hand.
Most curious to me though: if this is such a problem of gargantuan proportions, why has no one heard about deep cuts in the budget, to help make ends meet? I mean, if I was in a desperate financial situation, I would cut all spending except for the rock-bottom basics before going to my employer for a raise or handout.
But noooo, I haven’t heard anything about how we can drop, say, the 4.8M grizzly bear census study in Glacier NP. No, all I hear is that the situation is so urgent that I need to budget and additional (roughly) 1/3 of my usual yearly tax as my share of the bailout.
There are times that I get so angry about this I can hardly see the keyboard. But I gotta remember, His grace is sufficient for me, because He said so. And, this shakeup may allow Him to work His plan with LOTS of people in ways so far above mine.