Finally someone is asking the right question: How are we going to pay for all this? The backstop of last resort, the U.S. Government does not have unlimited resources. I must search to find what my fiscal hero, David Walker has to say.
"“Before the crisis, neither of them was telling how it really was going to be,” said the economist Robert D. Reischauer, president of the Urban Institute and a former director of the Congressional Budget Office. “Now one really doesn’t know how it’s going to be because we seem to have blown away any notion of fiscal limitations.”
“At some point,” Mr. Reischauer added, “we as a nation are going to have to ask, ‘Where are we going to get the money to do all this, and at what price?’ That’s the question no one can answer.”"
This CBS News story suggests that we taxpayers had better watch the Washington pols and regulators closely, particularly when so much money is sloshing around. It's a magnet for corruption and unethical behavior.
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