.
IluvVol: The government will raise debt to finance this package and they will use the proceeds later to repay the same debt. So, which part of this do you still not understand???
***********
September 28, 2008
SouthAmerica: The portion of the Wall Street bailout that needs a little more clarification for the average American taxpayers is the following:
The Bush administration believes this is the âOwnership societyâ and after the bailout is complete and they are also done dismantling all kinds of social programs such as Social Security, Medicare, Medicaid, pension for government workers and so forth in the near future - Americans are going to own the right of taking care financially of their parents, grandparents, and of anyone that is covered by a government program such as Medicaid â let me give you a real example for you to understand what is at stake.
I hope you make a lot of money on your 401-K and other investments because you are going to need every dime to take care of all the members of your family.
Let me give you just a simple example that is going to become a Tsunami very quickly in the near future: Letâs say a member of your family is in a nursing home and they have Alzheimerâs disease after most Americans run out of money Medicaid picks up the tab, and that is the largest expense that the Medicaid program pays every year.
Now under the new plan you have the right to take home your family member that has Alzheimerâs disease and you also have the right to pay all the bills generated by your sick family member.
You and your family will have the honor to take care 24/7 of your sick relative such as your mother, father, grandparent, or your family will have the right to take care even of yourself eventually.
The Republican governor of Rhode Island is already implementing such a system on his state as the rest of the country watches what they are doing in Rhode Island.
The state of Rhode Island already has adopted the new âownership societyâ values â you also own the right to pay for all the expenses related to any disease that you have or one of your immediate relatives.
At the same time they are going to cut to the bone any benefits related to the Social Security and Medicare programs â and all the younger people under the age of 65 will have the right to support financially all the old relatives of their families.
There is one item of the US government budget that is going to explode in the coming years, mainly when the US dollar starts declining very fast in value and interest rates in the United States also explode in a wave of hyperinflation.
Yes, the one piece of the US government budget that is going to grow a lot is the interest paid on US government budget.
The growth in that area is going to be fabulous not only the US government is going to continue borrowing more money from foreign governments to fund its future deficit spending year after year as is there was no tomorrow, but as the cumulative debt that is already on the books will be rolled over at higher and higher interest rates.
The interest paid by the US government it will be king in future US government annual budgets. Interest on the outstanding debt is going to take bigger and bigger slices of the annual US government debt.
As you can see the US government is going to give you a chance and the opportunity of making a lot of money on your 401-K when you invest on the past of the US economy and invested on bailouts long gone made in an effort to correct massive fraud that occurred in the past in Wall Street.
The future looks great only to the scoundrels in Wall Street that set up and raped the US economy in the last 8 years - and they are trying to get away with one last rape - in a form of a $ 2 trillion dollars Wall Street bailout that is underway - before they get finally castrated.
.
