Friday, September 19, 2008

Government Mortgage Plan Might Cost Half a Trillion

Well they have already spent $600 billion getting to this point what is a few hundred billion more among friends?

Congressional officials said they expected a request for legal authority to buy up the bad loans, at a cost in excess of $500 billion to the government. Democrats were discussing whether to try to attach middle class assistance to the legislation, despite a request from Bush to avoid adding controversial items that could delay action. An expansion of jobless benefits was one possibility.

What is funny is that the idiotic Democrat Congress wants to attach some BS about middle class assistance to a plan that might save the economy, peoples 401Ks, and maybe even keep people in their homes. And they wonder why they have a 9% job approval rating. Put the assistance plan or whatever in another unrelated spending bill. This bailout is not a political football.

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