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Guard Your Pockets

Published:

Paulson says U.S. taxpayers at risk in bailout plan:

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson acknowledged on Sunday an emergency rescue plan aimed at stabilizing a financial system in freefall will cost taxpayers money, but argued that costs will not be as high the $700 billion limit of the package.

"The taxpayer is at risk," he said on "Fox News Sunday" television program, but added, "It would be extraordinary circumstances, highly unlikely, that the cost will be anything like the amount you spend for the assets."

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Looks like "The Little People" will get screwed yet again by the "Experts!!" - my emphasis completely!!

Entry #351

Comments

1.
ToddComment by Todd - September 21, 2008, 9:16 pm
RickG blogged about this too:

    http://www.lotterypost.com/blogcomments.asp?i=24468

You're right, watch your pockets, and pull the politicians' hands out of it.
2.
konaneComment by konane - September 22, 2008, 10:15 am
Fair Tax. FairTax.org.

Let the feds fund their mistakes on how much is spent for non-essentials like food and prescriptions while everyone is totally exempt from all federal payroll taxes including fica.

Nothing could be sweeter than bringing home all your paycheck and deciding what to buy with it.
3.
Comment by scorpio - September 22, 2008, 3:00 pm
where will it stop,we've seen it in the lottery,tight,no wins!

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