Billions and Trillions for Bailouts

What is your opinion of the government, alias you taxpayers, bailing out all these big financial institutions? Headlines in our local paper reads "Paulson urges quick action on $700 billion bailout". Is there no end to the money funnel? Is the United States that loaded with cash they afford all this? I feel if you bought a house you can't afford, that is your problem. And if the banks loaned money to people without good credit, that is their problem, not ours. All these big banks and the small ones too don't hesitate to take your money and give .25% interest on it? Where is all the profit going? It doesn't take a rocket scientist to figure it out. Check out the houses your banker is living in and owns and then look at the miserable percentage of interest you got on your checking and savings accounts. But try and get a loan and see what the interest rate is. It isn't .25%. Your can bet your bottom dollar on that.

Children's Health Insurance

The Senate committee approved a five-year $35 billion expansion of a children's health insurance program that would be financed through higher tobacco taxes. The program subsidizes insurance for children and some adults with incomes too high for Medicaid but not high enough to afford private insurance. The additional spending approved by the committee would bring total SCIP funding to $60 billion over five years which is double what the administration has proposed. The president has threatened a presidential veto on this.