Who’s going to bail out the U.S. when the national debt gets to be 15 trillion?

My biggest fear in all of this is that by not doing something we may find ourselves in some real trouble. Things are bad now and but letting this situation cascade further can’t be good. The interconnected nature of the economy on both a national and global scale makes it impossible to predict (but not impossible to pundit). There is one thing we can always count on… The poor will fair the worse in this. Lack of education, skills, connections and mobility will prevent a smooth transition for these people. The more wealthly, educated and powerful will land on their feet, especially those individuals responsible for this mess.

On a happier note: I find it ironic that I’ve known individuals who have been very flippant about other people’s problems and then cry like Nancy Kerrigan (nothing against her) when they find themselves effected. It is sometimes good to remember that when making the decision to not support a bailout.

–Micah

Bush may also say that he’ll be happy to let them use the money already allocated for fuel efficient vehicles.

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“I … hope … people [get] credit for a purchase of …. autos …made in the US”.

Fine. I’ll go buy a Toyota made here in the U.S.

I would hope Congress puts something in the bill to give US people credit for purchase of US autos in the future too especially for ones made in the US. No credit for anything imported or not made here.

So Bush is just going to give Pelosi whatever she wants?

My question is, will the money come out of TARP, or will it come out of the $25B already allocated for “fuel efficient vehicles”…?