Funding My Future or Someone’s Else

Government is borrowing more, in trillion as Washington runs amuck with bailouts in the name of protecting people like you and me.

Reality – many Wall Street banks are using billions and billions of taxpayer dollars to pay fat cats’ bonuses, in case you not knowing it.

Goldman Sachs, which is getting US$10 billion from the bailout plan, is paying out US$6.85 billion in bonuses, according to media reports, despite a 47% drop in its profits and 53% drop in its share price.

Morgan Stanley, which is also getting the same bailout amount, is doling out US$6.44 billion in bonuses, even though its profits tumbled 41% and its shares are off by 69%.

Even the failures at Lehman Brothers are collectively getting its fair share of over US$1 billion in bonuses.

End result – we got hosed.

It is a high time to stop bailing out these bums…so let us hope that the next President Obama stops from bailing Wall Street fat cats, and uses it to feed Main Street skinny cats, otherwise, we could be headed for Depression.