- Posted September 24, 2008 by
This iReport is part of an assignment:
$700 billion bailout
We are all sick about the $700 billion bailout proposed by our current administration. You don't need my comment on this.
It is obvious we must act quickly, but we, as tax payers should not have to bear the permanent burden, only the temporary one. Why not start a bond called USA Financial Bailout Bond, give a reasonable interest rate (lower than the interests the banks must pay to receive this money and pay it back, but higher than the average saving account). Anyone can buy these bonds for a safe security (what is safe afterall?), as bonds are bought, the losn from our treasury (otherwise known as taxes) can begin to be paid back. Maturity in let's say 10 years. Then, those that support the bailout can really support it, those that don't do not have to contribute.