Bail Out

The only difference between what the Fed did
and what Hugo Chávez is doing in Venezuela
is Chávez doesn't put taxpayer dollars at risk
when he takes over companies.
He just takes them
--Sen. Jim Bunning (R-KY)
[The U.S. is becoming]
"The United Socialist State Republic of America
--Nouriel Roubini
_______________
and what Hugo Chávez is doing in Venezuela
is Chávez doesn't put taxpayer dollars at risk
when he takes over companies.
He just takes them
--Sen. Jim Bunning (R-KY)
[The U.S. is becoming]
"The United Socialist State Republic of America
--Nouriel Roubini
_______________
Recent and projected bailouts have the Fed talking hundreds of billions if not trillions of dollars to bail out arrogant, high-living affluent Republican denizens of the business world. This will be effected with tax dollars extracted from everyday working American taxpayers. You might call it the "trickle up effect."
Yet for as long as Ranger can recall, Congress agonizes over the Department of Veterans Affairs budget annually. It is always a hot potato issue, and they habitually delay funding and go into emergency situations. This ploy is used to keep the budget appearing as minimal as possible while seeming to cover all the bases.
Bush is negotiating a $700 billion government bailout for wayward financial vehicles. Compare that to the $92 billion for the DVA budget for 2009, $2 billion more than 2008. So the bailout would cover roughly seven years of VA funding, presuming needs remain at current levels.
Contrast that with the "emergency funds" which are always at the ready for the Iraq engagement, monies which always exceed the entire DVA annual budget. Now the same applies to the Wall Street bailout money. Somehow, the green always magically appears without any weeping or gnashing of the teeth. Well, at least we're not in a recession; at least that.
The money is always there, save when it is required for the average American who actually fights these stupid ass wars. The U.S. veteran: low man on the totem pole when it comes to the federal feed trough.
Labels: federal bailout, free money, U.S. government socializing








