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Reply #4: any bailout of credit card debt is simply INSANE and UNSUPPORTABLE [View All]

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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 01:38 PM
Response to Original message
4. any bailout of credit card debt is simply INSANE and UNSUPPORTABLE
Edited on Tue Sep-23-08 01:39 PM by TexasObserver
Any bailout is dubious, but the notion of saving insurers or issuers of personal credit lines is simply insane. There is NO upside for taxpayers in that.

Here's an idea. Split a trillion among 300 million Americans, and let them each spend it however they see fit. That will jump start the economy.
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