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Tuesday, July 22, 2008

OK, So Whats This Gonna Cost?

Source

WASHINGTON — The proposed government rescue of the nation’s two mortgage finance giants should appear on the federal budget as a $25 billion expense, the independent Congressional Budget Office said on Tuesday, but officials conceded that there was no way to really know what, if anything, a bailout might cost taxpayers.

What What WHAT ?!?!?

Federal budget dollars do not come from republican Narnia, they come from us, it's citizens... NOWHERE ELSE...is all of Washington retarded?

Current US population is:
303,824,646 (July 2008 est.)

Source
(Source is the CIA so it must be true, why would they lie?)


SO...According to the total population from tiny infant to iron lung elderly, we each owe $82.28.

(Let me rephrase this: you start a business, fail, then ask for $82.28 from everyone in the country to make it all better, NOW does it sound wrong?)

82 bucks doesn't sound like much until you figure it's only because of greed by two (2) corporations.

Fannie Mae and Freddie Mac. How stupid are these names anyhow? I suppose they are there to make them sound friendly, like a neighbor from down the block, might give me a brewski during a BBQ...or ask for $82 dollars from every fucking living, tax paying organism in the United States because their executive officers were too fucking greedy and knew, KNEW a government bail out would be a prime requisite because the potential damage would be too great to the U.S. to ignore and since they had virtually NO REGULATION from the elected officials whom they previously lobbied HEAVILY, so it couldn't be blamed on the the officers of the corporations and they can walk away (WALK AWAY) with grotesque profits....whew I feel better.

No actually I don't.

It makes me sick.

What if I have to pay this a year or two from now, (by pay I mean make the over paid executive failures go away.) adjusted for inflation which could run into depression levels at any minute?

2010 = $200?
2015=$1000?
When? When do we pay and how much will it be adjusted for inflation? How rich will the executive officers of Freddie Mac and Fannie Mae be then?

Will they be criminally liable? HA HA HA I know just kidding, they give to campaigns, they are not punished by officials they elected.



Welcome to Detroit

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