According to the political experts in the media no matter who gets elected, if this latest bailout get approved, we the people will be in debt to the tune of $60,000 each! Here's the math: Our government will hold about 18 trillion ($18,000,000,000,000) in debt. Divide our population which currently is about 301 million into the debt and you get $60,000 for every person in this country.
I had to find an online calculator to do this enormous math. This $18 trillion dollar total does include the programs proposed by Barrack Obama. John McCain's programs are actually larger then Barrack's so the debt would be even larger using the McCain figures.
Our political leaders are trying to deal with this latest White House bailout which reminds me of the lead up to the Iraq invasion. This time however, our leaders are at least questioning this move instead of diving right in.
Many wonder if this will even work and some are saying it won't work at all. What I do know is we will all owe $60,000 of debt; each and every one of us. Barrack is the only one suggesting that we get paid back using the profits these banks will make provided the plan even works.
What if this is simply a temporary fix to get the Republicans by the election? What if this plan is designed to put the Democrats in a economic mess beyond repair following the election? I do know this plan is clearly meant to again screw the middle class and get the greedy, wealthy and powerful off the hook!
We all must feel somewhat helpless during all of this and some of you probably don't care. But if we contact our representatives in Congress and raise enough concern, they will listen. This has worked before and will work again.
So if this bothers you as much as it bothers me, please contact your elected officials and expresses your feelings. The great thing about this country is we can! This is the only hope we have to avoid this rush to financial disaster.
Aloha Mike
Tuesday, September 23, 2008
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