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By Bal(t)imoron, 3 months and 24 days ago

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Now, this might be too optimistic!

Last March, Mr. Paulson convinced Fed Chair Ben Bernanke to cross a line when we bailed out Bear Stearns. Maybe that will cost $30 b. The Fannie Mae and Freddie Mac bailouts are difficult to cost out, but it will be at least $200 b. or $300 b. and maybe more. Last weekend, Mr. Paulson drew the line at putting taxpayer money into Lehman Brothers or AIG. Finally, there is some shared sacrifice. Now lets be willing to cut federal spending and to raise federal taxes enough in the next few years to keep from passing these burdens on to our children.

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