Biggest eye-roll ever
I’m irritated that all of this is happening just as the playoffs are beginning so I have to worry about losing all my money AND the Dodgers losing all at once. WTF, man.
God, the government is a moron. I’m irritated that the $700 billion dollar plan is the only thing they’ve come up with to fix this. I’m irritated that that number, pulled out of the blue by Paulson, is still on the table. You know why it’s $700 billion? BECAUSE THE GOVERNMENT WOULD BE BUYING BACK BAD MORTGAGE DEBT FOR MORE THAN IT’S WORTH.
Obviously, if we want to prop up our artificially (well, all of it is artificial) inflated economy, something needs to happen. I do not relish the idea of going through an economic depression, but part of me just wants to see it all go up in flames and see if we learn something here. Like: stop fucking borrowing to fix the problem we created by borrowing. Stop government subsidizing of private debt. Why should I pay OVER market price for bad mortgage debts someone else incurred?
The country needs revenue based on something tangible. We should legalize marijuana. Not that I would partake because the whole smoking thing is troublesome, but apparently it’s non-addictive (unlike nicotine), it can be grown locally (as we are frequently reminded by our friendly neighborhood news anchors), and it will probably pull in billions of dollars a year in tax revenue, not to mention the fact that we spend that much less money trying to force people not to do it. Billions of dollars. Not, say, $700 billion, but it’s a start.
But of course that won’t happen. The nation is prudish enough to say that’s bad, but certainly, if you want to defraud the country by borrowing more than you can afford, go ahead! The government will bail you out, cause it’s not like you’re a dirty pot smoker.