Now states are asking to be bailed out. Is there no end to this? Taxpayers are overwhelmed enough without having to bailout everyone affected by how one industry screwed us all in the name of profit.
We need to prosecute everyone involved with throwing caution to the wind to allow loans without collateral, everyone who looked the other way while these institutions raped us and foremost we need to stop the government from raiding that great ATM called the American taxpayer to reward everyone affected.
We are in a recession because our government relaxed regulations and did nothing while the banking industry irresponsibly created this economic nightmare. And where in the long line of handouts are we? At the very end, if we are allowed to join the line at all.
Ohio Governor Strickland wants the federal government to grant $5 billion to help cover the tax shortfall created by our latest recession.
The three governors and six U.S. senators from Connecticut, New York and New Jersey have asked the federal labor secretary for $48.2 million to retrain people who've lost jobs because of the crisis on Wall Street.
Governor Jim Doyle Tuesday said Barack Obama is likely to have a bill that would help Wisconsin and 44 other states dealing with budget shortfalls either this year or next dig their way out of the financial hole.
Sure we are all suffering and will soon will be suffering even more from the increased taxes that our elected official see fit to raise to cover their shortfalls. But what recourse do we taxpayers have to cover our shortfalls? We are all going to have to tighten our belts to get through this. We need to stop this gift wagon that is the federal government bailout system that only makes the problem worse for the taxpayer. Those of us losing jobs cannot afford to bailout others and still expect to feed, house and clothe our families.
Put an end to this madness, now.
I have some sobering news for all of you with your hands out, the well is running dry.
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