So, you might have heard that congress has finally passed that 700 Billion Dollar Bailout Plan. I mean, wow. 700 Billion. How much is that?
700 billion Jr. Bacon Cheeseburgers from Wendy's! :D
No, seriously.
You could buy 2333333 houses that cost $300,000 dollars apiece.
70000000000 Books that cost $10 apiece!
46666666 Semesters of College at $15,000 dollars each semester. And lets face it, that's cheap.
Now... I know that I'm not a taxpayer, and I know that I'm just a kid.
But I also know that most people SHOULD be able to know if they can or cannot afford a $500,000 house. My family wants to move, we can afford a $250,000 house (we live in Nebraska, not California so that buys a really nice house) we can't afford a $500,000 house. The bank shouldn't loan us $500,000 for a house because with our income the bank knows that we cannot afford to make a payment towards $500,000 each month
Our economy depends on credit, and on loans. We cannot survive as a nation without having some amount of debt out there. I know this. It stinks, but I know this.
The thing that makes it the worst?
The fact that the banks did this themselves, and the fact that we can't just let them burn for it, because there's gotta be some sort of banking structure out there. AND THEY'RE GOING TO DO IT AGAIN!
this is really frustrating.
There's no real solution to this stupid thing. First of all, we as taxpayers(when I start paying taxes it will be right around when this finally comes to a head) will have to pay that all. We can't expect the banks to pay it back, because they won't. But if congress doesn't do anything, than eventually when the economy crashes people will be all, "I can't believe the government didn't do anything!" <--[insert screechy voice here]
I don't know the purpose of that rant.
But I'm just frustrated.
But hey, $90 a barrel for oil? A-Whaa-Hoo! :D
~Chausman
