I blame the voters. I blame the American people.
Your children, and their children, and their children, and their children, and their children are going to hate you.
This economic behavior is shameful, it's immoral, it's corrupt, it's unpatriotic, it's self-centered and it's disgusting.
Never have the voters of the United States, through their government, acted so immorally and so unethically. Future generations will be disgusted by this generation of grotesque, consumption-crazed, debt-addicted Americans.
To make room for the bailout, the bill raises the federal government’s debt ceiling by $800 billion to $10.6 trillion.
This increases the cushion between the debt limit and the current federal debt to $1.1 trillion. The legislation thus opens the way for a government bailout of Wall Street that would make the $160 billion rescue of the savings and loan industry in the late 1980s and early 1990s pale in comparison.
August 28, 2008
Oh, and while you weren't looking, thanks to the Housing Gambler Bailout Act of 2008, the US Debt Ceiling just got raised by another $800,000,000,000.
Posted by blogger at 8/28/2008