Quote:
Originally Posted by Furious_Female
None of the bailouts were money well spent, especially money that did not exist.
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The money exists as much as the cash your pocket does... Every single dollar in America is debt. The moment the U.S. takes that dollar, it's a debt. Every dollar used to pay back the debt, is debt paying debt. The bailout money is debt when it's printed, debt when it's given, debt used to pay off debts, and when it's paid back, the debt is never paid off.
If we had no fed deficit today, we would still be in debt. If you paid the national debt off, every dollar used to pay that debt, would simply create more debt.
So it all depends on how you look at it. If we can get an American company to appear strong and knock some international competition back and it benefit any part of our Auto Industry, that could be beneficial.
However, with ALL the bailouts the auto industry in America has had, it's time we let them fail.