Where's my bailout?
Posted in Economy by Richard Adams
More and more people are asking that question. In New York City, protesters
are complaining about the government bailing out banks but not the little guy. But aren't Social Security, Medicare, Medicaid, Food Stamps, Unemployment benefits, and the rest of the hand-outs government sponsors a form of bailout? They are designed to help mitigate bad luck in life. One interesting question is whether the kind of culture that has such handouts can have the strength of will not to expand the principle too far. We're not doing so well on that just now.
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