Thursday, July 17, 2008

Is S&L debt paid?

When the government decided to bail out the Saving and Loan Associations in which Sen. McCain played a significant role, the statement was made every household in America would be paying for the bail out to the tune of X amount of dollars for X number of years.

I did not remember the exact dollar amount but it was over a hundred dollars and I do not remember the number of years but I do remember the statement was made. Now our government is contemplating presenting us citizens the additional burden of bailing out the Home Loan Associations or whatever it is called. I would wager the same culprits are involved in both bail outs which heightens my anger to the scam and un-fairness.

At the end of the year, my Social Security checks are already taxed at 40% to help pay my share of the S&L bail out and it is only logical to think there will be more taken out as a result of the current situation. I PROTEST! Damn!!
As always,
BB

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