Taxpayers won't be responsible for the $700 billion!

[gulliver]

It's just deficit money. I don't see why taxpayers are so upset. They'll get their tax cuts as usual. The money for the bailout will just go on the deficit. So don't worry, the deficit is like a loan, except the Republicans assure us (in all their proven wisdom) that it will never need to be paid back. No matter how much you put on the country's deficit tab, you can just keep cutting taxes.

So why are taxpayers so outraged about the bailout? Deficits under Bush never bothered them before. Why now? Hell, let's just make it $700 trillion. We'll buy all of Wall Street--every single stock, bond, derivitive, mortgage, account, instrument... Then we'll just give every man, woman, and child in America $100 million pocket change.

No one will have to work. With that $700 trillion, we could give millions to everyone on the planet. What's the difference? It doesn't have to be paid back. No one in the world would ever have to work again.

It's not like spending the people's money on credit is a tax. Perish the thought. It's just free money for all. If you spend money you don't have to pay back, that's cool. It's only when you spend money that taxpayers have to pay back that you could ever possibly consider this raising taxes.

That's not what this is though. It's not raising taxes. I'm sure Bush will back me up on that.

[magellan]

1. Maybe we can buy the fucking gov't back on that credit card. n/t

[The_Casual_Observer]

2. The 3rd world is always doing this & the only problem that arises

is that inflation all of a sudden gets to be a million percent.

[NeoTheo]

3. I'm afraid the spend till you puke train

has done left the station.

[G_j]

4. OK, so we are borrowing it from China? n/t

[gulliver]

6. This is not borrowing really. This doesn't have to be paid back.

With borrowing you have to pay back what you borrow. But taxpayers won't have to pay this back. That's my whole point.

If taxpayers had to pay this back, that would be awful. Where are they going to get the money to pay it? And don't you dare say "out of their wallets and paychecks." That would be similar in many ways to a tax. And that's just not the same thing as a deficit. Ask Republicans. They know this stuff.

[curious one]

5. It's fare that all those people who profited from war to pay with the money they pocketed not

taxpayers and their children and grandchildren.

[Mind_your_head]

7. Did you forget the :sarcasm: smiley? n/t

[wtmusic]

8. The interest does get paid back

After a point, as Paul Krugman has astutely pointed out, a cash crisis will send the US into a SE Asia-style tailspin.

[gulliver]

9. Just borrow the money for the interest payment too.

This is the U.S. government's full faith and credit we are talking about here. I assume you agree with me that it is infinite. Anything less would be unpatriotic. So we're covered.

Next year I'm going to try to pay my taxes with an IOU backed by my expected Social Security benefit. Wish me luck!

[Old and In the Way]

10. Any guesses what the % of the budget payment will be to service the debt?

No worries, we'll just run larger deficits.

[struggle4progress]

11. Oh, they'll pay. One way or another, they'll pay

[TheWatcher]

12. If this is Sarcasm, it's pretty good. If not.....

:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:
:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:
:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:
:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:
:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:

You and Cramer should get a show together.

It would be like Laugh-In, only with Stocks and Wall Street Propaganda.

Sock It To Me!