Can't Be!

From the Fox Nation: "The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program."

Troubled Asset Relief Program is TARP. It all began last fall. Do you remember McCain coming off the campaign trail? Paulson was warning that the entire financial structure would crumble by the end of the week. So We The People starting giving $ to banks and taking over Fannie Mae and Freddie Mac.

Of course, somewhere in there, we let a few financial institutions fail but we forced $ on banks that said they didn't need it. TARP continued into this administration.

So the cost of letting things fail, enter into bankruptcy, sell off assets, regroup or not, and get on with things is nearly 24 million million.

I have no idea where one finds that kind of capital to cover the expense. I don't know one person who is worth one trillion. The Treasury workers at the presses are working over time. If we print more and more, is the bill in my purse worth less? Why wouldn't it be?

Is this the time for us to take on another $1 Trillion to take over health care?

I suggest we open the state regulations and open the doors of insurance companies to sell to small businesses and individuals under something called competition. A business in NY can not reach out to a program in PA or NE without an office in NY. Open the restraints and let competition work.

'til later