No, the government should not bail these men out because doing so would put the US $700 Billion more into debt. Doing this would raise taxes on all US citizens. This would cause the stock market to drop once again and continue sinking to the debt is paided off.
On the other hand it could increase consumer confidence and make the market bounce back, which is good for everyone in the long run. However, it sets up a false sense of security and it doesn't teach anyone anything about being in debt and being a responsible consumer.
No comments:
Post a Comment