Housing-rescue bill with interesting addition...

Morrigoon · 07-25-2008, 07:20 PM

Jeff: well, I'm not sure the numbers I quoted add up, but the point is that they're raising the statutory limit on the Federal Debt - allowing the government to go further into hock by billions of dollars.

Now, maybe that is the amount that would be needed to get the economy under control, but part of me wonders if Georgie agreed to the bill finally because he might have his eye on other uses for that additional government debt (eg: spending the money not JUST on bailing out the market)

I'm not objecting per se, it may be necessary for the program to achieve its stated purpose, but it does make me wonder.

07-25-2008, 07:20 PM	#4
Morrigoon I throw stones at houses Join Date: Jan 2005 Location: Location: Location Posts: 9,534	Jeff: well, I'm not sure the numbers I quoted add up, but the point is that they're raising the statutory limit on the Federal Debt - allowing the government to go further into hock by billions of dollars. Now, maybe that is the amount that would be needed to get the economy under control, but part of me wonders if Georgie agreed to the bill finally because he might have his eye on other uses for that additional government debt (eg: spending the money not JUST on bailing out the market) I'm not objecting per se, it may be necessary for the program to achieve its stated purpose, but it does make me wonder. __________________ http://bash.org/?top "It is useless for sheep to pass a resolution in favor of vegetarianism while wolves remain of a different opinion." -- William Randolph Inge
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