Saturday, January 30th, 2010

The combination of Auto Bailout and Stimulus will add a debt of $40,000 per household. How will you pay?

debt bailout
James A asked:


The estimates assume payback over 30 years at 4.5% interest. How will this not be a drag on our future economic well being?

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One Response to “The combination of Auto Bailout and Stimulus will add a debt of $40,000 per household. How will you pay?”

Bob F Says:
January 31st, 2010 at 7:20 am

We can continue to live high on the hog. Let our grandchildren pay!

We’ve made that decision as a country every year since 1963 since we have spent more money than we take in every year since John Kennedy financed his Viet Nam War that way.

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