djofraleigh: blog 
djofraleigh's blog
are both candidates in denial?
Published Oct. 10, 2008
How are Obama or McCain going to pay for the bailout?
Neither Candidate has changed his spending plan, not on health care, not on tax increases, or in any way that I see to accommodate the just appropriated $700,000,000,000 which is not likely to be near enough to save the economy.
That amount is more than the cost of 5 years of Iraq war, which still could pay off big in oil and strategic position, but all the bailout is promising is maybe a way to a 5 year slow recovery, and hopefully getting some money back, slightly possibily, breaking even.
McCain said off hand in the debate that maybe we would have to cut everything but entitlements, defense, and one or two other things, mentioning protecting VETs in particular.
Obama really didn't say anything quotable to the question as I read it. At another time he said something of his proposals would have to be cut back, but not what. I say, probably the middle class tax cut, a perennial campaign promise from Democrats that never happens anyway. I can't count the times I've been fooled on that one.
Bush has proposed over a 150 programs to be cut or reduced. That's fine, for the next man won't have to.
How are they planning to pay for this? Why isn't anyone pressing them to answer this? Are you wondering? No matter how much I hear that taxes won't have to be increased, I don't believe it, because spending is the power politicians want, and they are NOT going to stop spending.
I wonder too, since the National Debt is what $$ return that comes is supposeded to be paid off, how politicians will convert that money TAKEN into their own spending programs. Over half the money owed by the national debt is owed to foreigners. Let's see, we borrow the money from foreigners to pay foreigners.
One of you enlighten us where the MONEY is coming from. Oh yeah, the American People...Something has got to give.
close26 Comments
(12 votes) gunman shoots raleigh pizza parlor employee
(11 votes) gas prices getting pumped up again
(11 votes) two marines accused of shooting horse
(4 votes) army ranger killed in iraq
(3 votes) camp lejeune marine dies at kuwait base
Welcome to GOLO, where WRAL.com visitors can comment on stories and create profile pages, blogs and photo galleries.
You must be a registered WRAL.com user to use these tools. Click here to register or log in.
GOLO member since November 7, 2007
October 11, 2008 2:18 a.m.
Of course, the Chinese could always turn to the Middle East producers for natural gas supplies, but timely accidents of highly technical industrial equipment have been known to occur at the worst possible times.
GOLO member since July 3, 2007
October 11, 2008 1:59 a.m.
an infusion of capital into banks by means of equity investments by the fed
and
these two measures could easily add $500 billion - $1 or 2 trillion to the total.
GOLO member since March 31, 2008
October 11, 2008 12:28 a.m.
GOLO member since March 31, 2008
October 11, 2008 12:25 a.m.
GOLO member since March 31, 2008
October 11, 2008 12:19 a.m.
GOLO member since January 20, 2008
October 11, 2008 12:06 a.m.
GOLO member since July 7, 2007
October 11, 2008 12:02 a.m.
GOLO member since July 7, 2007
October 11, 2008 12:00 a.m.
GOLO member since June 10, 2008
October 10, 2008 11:52 p.m.
GOLO member since July 7, 2007
October 10, 2008 11:40 p.m.
Please log in to add comment.