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As the government tries to figure out the
so called "Wall Street/Bank" $700
Billion Bailout, there is a lot of talk
on how we must keep the "spigot running"
for fear of the credit markets will stop
operating normally.
It occurs to me that perhaps operating
normally is not what we need or want. Didn't
normal credit operations get us into this
mess in the first place?
Maybe if we allowed credit to tighten,
and people actually had to save up for things
before being able to buy them, that savings
mentality would carry over to the government
- and we could start to climb out from under
the $9.7 Trillion in debt we have (that's
about $31,000 per person in the US, which
woud rise by about $2,300 per person if
the Bailout passes)
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