'Curious' About Bailing Out Taxpayers Instead
AP
Between the bailout and the stimulus plan, we're talking trillions of dollars, so have you wondered whether we'd be better off if the government gave all that money to us?
Richard from Sterling wants to know "why we are giving billions of dollars to people who put us in this mess. I think the government should give a $10,000 check to every taxpayer."
Here's what local economist Arthur MacEwan has to say on the idea of bailing out taxpayers:
"Given the choice where the money should go people who run the banks or the people who are paying the mortgage to their homes -- I'd rather it went to the mortgage for their homes. It wouldn't solve all of our problems but it would go a long way."
According to Bloomberg News, it would go a really long way. The trillions of dollars set aside to bail out the financial institutions would help pay off 90 percent of all the home mortgages in our country.
Tell us what you're Curious about
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