Thursday, October 2, 2008

Economics of Bailout

When I was in college, my economics professor said something I've never forgotten -
"Guns or Butter - can't pay for both" and went on to explain this concept---

The government can pay for war or you can pay for social programs at home. I guess that deficit spending over-rules this wisdom.

There go your children's, grand-children's, great-grand-children's, and possibly your great-great-grand-children's (4 generations so far...) social programs!

Health care? Who can fund that? Retirement benefits? They're gone, too...

Thanks, Bush! Thanks, Congress! You just ruined this country for another 4 generations. It's bad enough where we *were*! But we are SO much worse off now...

No comments: