Sep 22nd, 2008
When the Government Bails Out a Company, You’re Bailing Out a Company
At least that’s the case if you’re a taxpayer in America. Government dollars aren’t separate from taxpayer dollars–they -are- taxpayer dollars! Don’t forget that when you see the government bailing out Fannie Mae… and Freddie Mac… and whatever bank it is this week. And when they’re also bailing out Ford or GM or the airline industry or anyone else in the future, those are also taxpayer dollars, which are your dollars.
Every dollar that’s spent on helping out a company is coming out of your paycheck, whether it’s paid back (more likely in some cases than others) or not, and that’s on top of all the money the government–meaning the taxpayers–already owe.
Personally, I’m not opposed to paying taxes; I just wish they would make good use of it. At least some of these don’t seem to fall into my idea of “good use”.
[...] to be looking for a bailout too?) and that it adds to our national debt, but the big problem is the same one we talked about the other day: these are your [...]