Wednesday, April 01, 2009

...pretty soon you're talking about real money.

re: the proposed FDIC bailout...
$100B here and $100B there and pretty soon you're talking about over 1% of the deficit.


Anonymous said...

You're too kind Tam: they're not borrowing from us, they're forcibly taking it from us. just not yet. next year, and forever after. At gunpoint.


staghounds said...

Totals so far- $10.5 trillion committed, $2.6 TRILLION ( that's 2,600 billion)already paid out. That's right, the national debt just went up 20% in 60 days.

I wonder if the Govt had just cancelled all taxes for a year?

And meanwhile, the Treasury department is telling people who want an independent audit ( none since the 1950s) of the US gold reserves that there hasn't been any "meddling" with the gold in Fort Knox- you know, secret, undisclosed, unauthorised sales to keep the price down, things like that, that they haven't told anyone about- " since 1999"

Joanna said...

I think I'm going to go hide under the covers and giggle for a while. I may not come out for a while.