Does this bailout business scare anybody else out there?
First, $700 billion for Wall Street. (Or was it $750?) That number alone was staggering. Then, along come the Big Three with their jets and their $25 billion request. Then yesterday, it’s Citicorp, with another $20 billion, plus $300 billion more in assets they’re going to guarantee. No biggie. Just a few drops in the proverbial bucket.
I’m no economic expert. But I do believe in using common sense. What scares the heck out of me is, where is this money going to come from? You can’t spend money you don’t have! Well, obviously you can, since the country’s been living on deficits almost my entire life. But it’s as if Washington truly believes that they can continue doing this forever, without consequences.
The idea of recession is not pleasant, and I know that my situation is far more secure than many. Perhaps most. But we’ve already dug a hole that my children, grandchildren and great grandchildren will still be trying to fill, and that’s if we quit now. Sooner or later, there’s not going to be anything BUT hole. And what happens when it’s so big that there’s no room to live on the edge of the abyss? When the abyss swallows everything?
Kathleen M. Basi 