U2Fan101
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- Nov 4, 2000
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$700 billion.
That is how much the government would have to pay to bail out these large, international companies.
If the government does not bail out these companies, then our economy is in serious critical condition - and internationally is in danger of collapsing. And being that we are currently in a recession, by not bailing out the companies, it could just be the door that would lead us straight into another depression.
If the government does bail out the companies, then the argument becomes where does the money come from. Do taxes get raised, meaning, we the people have to bail the mis-managed companies?
I think there are two alternate solutions, which hopefully that are what the Senators are meeting to discuss. They've made the decision, I would think, that they have to bail out these companies. As I said, if they don't, internationally we would be facing a serious economic crisis, and it could in fact potentially lead us right into a depression.
Let's pretend for a moment that they haven't decided yet whether to bail out the companies. So they debate and debate for days on end and finally vote. And Senate decides, no, we will let the companies suffer. They made the mistake, they will suffer, and unfortunately, the internationally economy will collapse, which in turn would send us right into a depression. Sounds bad doesn't it? But maybe not. With how bad our economy is right now, maybe a depression is the real cure we need. This country is hurting, that in order for the economy to get good again we need to reboot and restart to get on the right track. In one word: Depression. That is one option.
Another option is that congress has decided to bail out the companies. Now comes the decision where to raise this $700 billion. One option is the American people. Well, I for one am not going to bail out some multi-million dollar company that made bad financial decisions. It's not our problem, and it shouldn't be our problem. So where to get this money? My idea is that the government would lend the money to the companies, and the companies would then have to pay the government back with interest. That interest would go to help pay some of our, potentially, 11 point something trillion dollar debt. The government would also put in a stipulation that, since we're bailing you out, owners and VIP's in your companies cannot get raises, bonuses, or anything else of that nature. And when they retire, they don't get million dollar payouts and paychecks for the rest of their lives. They instead get a normal retirement and pension plan just like every other American in this country.
Two different approaches to this $700 billion bail out. I'm not sure which I personally like better. But they both sound good to me.
Which would you prefer?
That is how much the government would have to pay to bail out these large, international companies.
If the government does not bail out these companies, then our economy is in serious critical condition - and internationally is in danger of collapsing. And being that we are currently in a recession, by not bailing out the companies, it could just be the door that would lead us straight into another depression.
If the government does bail out the companies, then the argument becomes where does the money come from. Do taxes get raised, meaning, we the people have to bail the mis-managed companies?
I think there are two alternate solutions, which hopefully that are what the Senators are meeting to discuss. They've made the decision, I would think, that they have to bail out these companies. As I said, if they don't, internationally we would be facing a serious economic crisis, and it could in fact potentially lead us right into a depression.
Let's pretend for a moment that they haven't decided yet whether to bail out the companies. So they debate and debate for days on end and finally vote. And Senate decides, no, we will let the companies suffer. They made the mistake, they will suffer, and unfortunately, the internationally economy will collapse, which in turn would send us right into a depression. Sounds bad doesn't it? But maybe not. With how bad our economy is right now, maybe a depression is the real cure we need. This country is hurting, that in order for the economy to get good again we need to reboot and restart to get on the right track. In one word: Depression. That is one option.
Another option is that congress has decided to bail out the companies. Now comes the decision where to raise this $700 billion. One option is the American people. Well, I for one am not going to bail out some multi-million dollar company that made bad financial decisions. It's not our problem, and it shouldn't be our problem. So where to get this money? My idea is that the government would lend the money to the companies, and the companies would then have to pay the government back with interest. That interest would go to help pay some of our, potentially, 11 point something trillion dollar debt. The government would also put in a stipulation that, since we're bailing you out, owners and VIP's in your companies cannot get raises, bonuses, or anything else of that nature. And when they retire, they don't get million dollar payouts and paychecks for the rest of their lives. They instead get a normal retirement and pension plan just like every other American in this country.
Two different approaches to this $700 billion bail out. I'm not sure which I personally like better. But they both sound good to me.
Which would you prefer?