And I’m the degenerate gambler?
So, if we listen to the talking heads, we apparently have two choices (and you smart people feel free to correct me if I’m wrong here)…
1) We don’t bail out the
gamblers and the economy collapses. Apparently, this is supposed to happen when things get so bad that businesses can’t get short-term loans to pay their staffs, the staffs go without paychecks, don’t pay as much in taxes, government services can’t afford to operate, and everything falls apart. Really? I mean, if you’d asked me yesterday, I would’ve guessed the commercial paper market was something like Dunder Mifflin. But it’s that bad? We don’t bail out a bunch of people who obviously couldn’t manage money in the first place and suddenly nobody has jobs and the government can’t afford to operate? Really?
2) We spend $700 billion dollars bailing out the people who caused the problem in the first place. Meanwhile, the masterminds behind the scheme walk away (really, really rich) and the American taxpayer fronts the bill. Even if America doesn’t have to pay the whole $700 billion, it’s still going to be a lot. Where could that money be going? Bridges, roads, keeping ‘merica safe… Hell, it could help fund another war!
You know what sucks about having these two choices? Well, how about this? Both of them suck, we’ll be paying for something that’s not our fault, and people of my generation will probably see the exact same thing happen again before we die.
Next time anyone tells me poker should be illegal because it’s “gambling,” I’m going to punch them in the uvula. At least if I lose at cards, I don’t walk away rich and then count on the city council to make sure my family stays afloat.