Wall Street is panicking over stock price losses connected to the sub-prime mess. Congress has been asked by Bush's administration to rush a $700 billion bailout plan into action to help. (For comparison, annual federal spending is about $3 trillion. More to the point, income taxes provide only $1.2 trillion a year. Take whatever you pay in income tax in a year and add another 50%. That's what this bailout would cost you if it went bad.)
Newt Gingrich says, essentially, "Let's not be so hasty to throw money at the problem. What is the real problem and what is the real solution?" It is a cogent article IMHO.
Any Republican who doesn't stand up to this bill in favor of real solutions deserves to be fired.
-Max
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"The presentation or 'gift' of the Holy Ghost simply confers upon a man the right to receive at any time, when he is worthy of it and desires it, the power and light of truth of the Holy Ghost, although he may often be left to his own spirit and judgment." --Joseph F. Smith (manual, p. 69)
Be pretty if you are,
Be witty if you can,
But be cheerful if it kills you.
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