Ethics

This Is My Concern

By Ed Brayton

I wrote recently about my concern about piling up too much debt and the long-term effect on our economy. This article shows what I'm concerned about. TARP and the stimulus bill are just the cherry on top of a huge sundae of debt that taxpayers are on the hook for. The Fed has made trillions of dollars worth of emergency loans over the last few months and if those loans default, we're stuck with the bill.

Full post as published by Dispatches from the Culture Wars on February 12, 2009 (boomark / email).