Wednesday, September 17, 2008

AIG Bailout and what it costs me...

So the government in its wisdom has decided we need to bail out AIG to the tune of $85 billion. If you average that in over the approximately 300 million people in the country, it works out to a bill of ~$280 per person. So for a family of 6 like I have, I'm on the hook for $1680.

Of course if it was rolled out like this, there would be an uproar. Instead, we'll just let the Fed print more money. Now, instead of me paying directly, I'll do two things. I'll get fewer goods for my hard earned paycheck and I'll pass on more debt to my children.

Sigh.