Passed and signed; add billions to national debt.

The bail out has been passed and signed. Up to $700,000,000,000 will be given to the banks and in return the banks will give the government bad assets.

As I've said before the economy would have survived with out the bail out and the crisis would not have lead to a depression. The national debt is over $10,000,000,000,000 and despite what some people say we will not make 700,000,000,000 back (there bad loans, the only people who make money from bad loans are the people that give out the loan and then sell it to some one else, he makes the money, the one who got the loan and the one who bought the loan both loose) some money may be made back but billions will not and the money thats not made back will go to the national debt making us that much closer to the debt prison raping us.

Well its pointless to talk about it now. Its done and we can't change it, we can only look to the future.
And what does that future hold? Well we have a ten trillion dollar debt (thats $33,403.31 per person ($10,148,749,284,084.15 (as of 10/06/2008) divided by the U.S. population of 303,824,640)) and its rising.

Something has to be done, it needs to be paid down. tell your congressman that something needs to be done to pay down the national debt!

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