Thursday, September 25, 2008

Taxpayers getting their Moneys worth

I heard President Clinton on the Daily Show (Wednesday 9/24/2008) talking about the 700 billon dollar “bailout” and what he said made sense, that in exchange for buying a company’s bad mortgage debts the Government should either charge interest on the money loaned to the company or get part of the profits of the company with the money going to pay for Health care for all Americans, Education, rebuilding the nation’s infrastructure plus tax brakes. It seems to me this might be a win/win system. The companies hid themselves of their bad debts and the Taxpayer’s get something back on the money for once. A system can be set up to help people having trouble paying the mortgage and might lose their homes. If our representatives don’t get bogged down with fear words we might come out of this better than we went in.

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