Who Really Pays for the Bailout?

[lifeisgood]

There is a lot of self-righteous anger about how us taxpayers are going to have to pay to bail out the financial system. But until we actually allow our tax rates to rise, we aren't really paying for the bailout. Instead, we will simply pass the buck on to those not yet able to lobby effectively, that is, our children.

Our self-pity over our stock and real estate losses might be justified, but until we allow our taxes to go up, we have no right to be angry over the cost of the bailout. Only our kids do.

 

[Gone4Good]

I've kept myself pretty entertained the past few days watching spendthrift senators and congressman wringing their hands over their concern about protecting taxpayer money. Quite a bizarro-world moment.

Oh, and as far as the OP, higher taxes are coming . . . on that you can count.

 

[Helena]

Americans will pay for it via the debasement of the value of the dollar
and inflation of the cost of goods and services.

 

[HFWR]

There'll be a mass debation...

 

[Gone4Good]

There'll be a mass debation...

mass-debation Why wait?