Heard on Radio today: Bailout to total $9,000 per person ON TOP OF existing deficit

[Liberal_in_LA]

wow! Maybe someone can confirm that amount.

$9000 per person in one shot. Thanks Bush.

:scared:

[fascisthunter]

1. In Other Words, we are looking at a TAX INCREASE due to Deregulation

[RedEarth]

2. From what I've read, the "estimated" cost of "this" bailout is between

$500 million and $ 1 trillion.

[dysfunctional press]

4. i think you mean $500 Billion, with a B.

[Fumesucker]

7. A trillion here and a trillion there..

Pretty soon you're talking real money.

[dysfunctional press]

3. and that doesn't factor in any further devaluation of the dollar.

at least it will put an end to talk about universal health coverage and the like- social programs that we will no longer be able to even consider being able to afford.

[54anickel]

5. St Peter dontcha call me cuz I can't goooooooo. I owe my soul to the corporate dole

[BurtWorm]

6. Now that would have been a good stimulus package.

:headbang:

[no_hypocrisy]

8. Lemme get this straight. I got $600 back b/c it WAS "my money" and now I have RETURN $9,000..

That ain't right . . .

[sinkingfeeling]

9. Gee, maybe we'll all get a $9K tax credit this year!

[MadHound]

10. Gee, once again, those of us who were wise, who planned and budgeted

Now get to bail out those who were stupid and/or greedy. Where the fuck is my bailout going to be once all this outstanding debt breaks my financial back?

[MadrasT]

11. Yeah, well... I don't have $9000 sitting around to spare...

Because those motherfuckers TANKED my investments. FUCK ALL OF THEM. :grr: Asshats. Epic asshats.

[theoldman]

12. My estimate that each family owes the government $100,000

or more appears to be correct. I don't know about you guys but I don't have that kind of money to spare.

[McCamy Taylor]

13. What am I getting for my 9k? The economy is STILL in the toilet.

[tech3149]

14. Oh Crap!

Since the share on the national debt is about $35,000 per person, what's another $9000? Never mind that I'm broke and don't have an income, that's what, another year in debtors prison? Bring it on! At least it's free meals, mostly. Just don't strain yourself squeezing blood out of this stone, BofA beat you to it(then there's Verizon)!
There's something very informative about pulling your wallet out and checking to see what you can afford. I'll bet most people in DC don't remember or never experienced that situation. I can remember counting pennies to see if I could afford a meal at a cafeteria in Atlanta. I can't say once you've been there you don't forget, but it sure gives you a slap up-side the head when you do remember.
$9K could do me well for a year if I do it right. Most of these "elite" in DC probably spend that in a month. I don't fault them for that, I consider myself a Luddite, I like simple living and don't see any benefit in impressing the rest of the world. Some feel a need to prove themselves and will put in the effort, fine, no problem, but what does it do for you 20 years from now? I got to enjoy that profligate spending and self-indulgence for most of my working life, but it was a pretty shallow and costly diversion.

What's that old sayin, "a word to the wise should be sufficient". We don't need to support the financial Ponzi scheme that we're dealing with today. Just spend what you can afford and don't get caught up with the Wall Street Casino. When someone tells you that deregulation-good/deregulation bad, do some research! Letting the commercial interests operate without regulation is like playing a sports game without rules or officials. If you don't have rules and monitoring for the financial markets, everyone but the insiders will be played for fools.

[kurt_cagle]

15. $9000 a month?

> $9K could do me well for a year if I do it right. Most of these "elite" in DC probably spend that in a month.

*Fnort* Let's say that your annual income sits at around $10,000,000 a year (between investments, dividends, "salary", and so forth) and you're spending everything that you make, then you'll go through $9,000 in about 10 hours. You'll blow through an average person's annual (yearly) salary in less than three days. And this is for someone who's basically middle-tier upper class rich. If you happen to be a CEO at a major investment bank or oil company, then the same amount will last you about 45 minutes.

What most people don't really comprehend is just how much of a difference there is in incomes. We're used to think about the difference in terms of single digit multiples - maybe the wealthy are about 10 times as rich as I am, for instance, because that's about the limit that most people can visualize in terms of, yet the reality is that past a certain point, price actually means nothing. That's part of the reason that I have real problems with the idea of someone like McCain as president - if you're at a point where purchasing another home is little more of a decision than purchasing a gallon of milk, then frankly you have no ability to relate to people for whom the two are fundamentally different things.

[tech3149]

16. Yea that's right

Back when I had a life and an income, my expenses per month were at least $4K and that was not an extravagant lifestyle. $10 M to me, is a substantial income. I couldn't envision spending 1/10th of that for everything I might want in a year. Back when I had the income, I still felt guilty for spending $10K for a weekend getaway. It just didn't seem right having someone bust their butt for a good part of the year to earn what I wasted on a weekend.

[Ilsa]

17. I heard it was less than $4,000. Then of course, we all "owe" about $30,000 already. nt

[radfringe]

18. how much do we each have to owe before we

qualify as too big to fail and get a bailout?