#956 Indebted Grandchildren

So I know I’m not the brightest bulb in the garden when it comes to economics but I have a question or two about the economic stimulus bill and the bailout. Now let me say that the concern of certain republicans, that it’s inappropriate to saddle our grandchildren with our debt load, is something I agree with.
In fact, I’ve been saying it for the last 8 years, as we’ve gone from a surplus to an incredibly large deficit. We have gone there because we have been engaged in the fiscally not-so-bright actions of waging two wars while simultaneously cutting taxes.
The don’t-tax-but-spend-anyway plan for national debt increase.
This was all way before the economic meltdown. So for the stimulus plan detractors and former debt perpetrators to now suddenly say, “Hey we can’t saddle our grandchildren with debt” is disingenuous to say the least.
But I have a further issue. Remember when the Detroit carmakers came for a piece of the bailout pie? These people were actually making real products, employing real workers and putting hard dollars back into the economy. But all of a sudden, they had to prove everything and be put on the hot seat—and I don’t mean the leather ones warming up pampered derrieres in luxury vehicles.
And yet, and here’s where I experience the feeling of disconnect, the powers that be handed over billions to the banks with no strings, no oversight and no idea that the banks were going to just say thanks, and then sit on it.
So now congress is arguing about a mere 787 billion of funds to put little Americans back to work and we’re still giving banks beaucoup bucks. The new bank bailout may cost up to 2.5 trillion dollars.
The point is, I don’t hear the “don’t indebt our grandchildren” advocators waxing histrionic about this plan. Why is it so easy for the banks to ask for and get money to sit on and such a tooth pulling process to give it to everyday Americans?
You can bet the little people will spend the darn stuff and get the economy flowing.
Hell, they may even spend it on their grandchildren.
America, ya gotta love it.