Bailout Bill

[runchs_lunchbox]

Well, shit. It passed. $800 billion dollars of new debt for American taxpayers. That works out to roughly $4000 per taxpayer, but obviously that amount will vary drastically for your taxbracket. If you're intelligent and hardworking and earn a good salary, this bill may cost you personally tens of thousands of dollars

Comments

[mattthegreat]

from ABC:

Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.

“Rooms at this resort can cost over $1,000 a night,” Congressman Henry Waxman (D-CA) said this morning as his committee continued its investigation of Wall Street and its CEOs.

AIG documents obtained by Waxman’s investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

Also:

[runchs_lunchbox]

Yea, I saw that this morning. It was amusing, in a really aggravating, damn-you-for-yet-again-wasting-my-tax-dollars kind of way.