This bailout is a futile infusion of money into an economy obviously not standing on its own. We can never trust government for a meaningful, fiscally responsible solution.
I realize something may need to be done but there has to be a private sector solution. In the world I live in, if you didn’t pay your bills you will go bankrupt and lose everything. It is called responsibility.
The last person I want my tax dollars to go to is the failed borrower, lender, CEO of the lender, or government agency with oversight of the entire mess. Let’s take the proposed $700 billion and give it back to the taxpayer in the form of a rebate. That would come to around $5,000 per individual tax payer - one heck of a stimulus package. Of course to do that we would have to cut $700 billion out of the federal budget. I don’t know where exactly to find that money but I would start with demolishing two of the most wasteful out of the 682 government agencies: the Department of Education ($68.6 billion) and the Environmental Protection Agency ($7.2 billion). Then I would go on down the list. Here they all are in alphabetical order:
Administration for Children and Families (ACF), Administration for Native Americans, Administration on Aging (AoA), Administration on Developmental Disabilities, Administrative Committee of the Federal Register, Administrative Office of the U.S. Courts, Advisory Council on Historic Preservation, African Development Foundation, Agency for Healthcare Research and Quality (AHRQ), Agency for International Development, Agency for Toxic Substances and Disease Registry, Agricultural Marketing Service, Agricultural Research Service, Agriculture Department (USDA), Air Force, Alabama Home Page, Alabama State, County, and City Websites, Alaska Home Page, Alaska State, County, and City Websites, Alcohol and Tobacco Tax and Trade Bureau (Treasury), Alcohol, Tobacco, Firearms, and Explosives Bureau (Justice), American Battle Monuments Commission, American Forces Information Service, American Samoa Home Page, AMTRAK (National Railroad Passenger Corporation), Animal and Plant Health Inspection Service, Appalachian Regional Commission, Architect of the Capitol, Architectural and Transportation Barriers Compliance Board (Access Board), Archives (National Archives and Records Administration), Arctic Research Commission, Arizona Home Page, Arizona State, County, and City Websites, Arkansas Home Page, Arkansas State, County, and City Websites, Armed Forces Retirement Home, Arms Control and International Security, Army, Army Corps of Engineers, Arthritis and Musculoskeletal Interagency Coordinating Committee, Atlantic Fleet Forces Command, Bankruptcy Courts, Barry M. Goldwater Scholarship and Excellence in Education Foundation, Botanic Garden, Broadcasting Board of Governors (Voice of America, RadioTV Marti and more), Bureau of Alcohol and Tobacco Tax and Trade (Treasury), Bureau of Alcohol, Tobacco, Firearms, and Explosives (Justice), Bureau of Citizenship and Immigration Services (DHS), Bureau of Economic Analysis (BEA), Bureau of Engraving and Printing, Bureau of Indian Affairs (BIA), Bureau of Industry and Security (formerly the Bureau of Export Administration), Bureau of International Labor Affairs, Bureau of Justice Statistics, Bureau of Labor Statistics, Bureau of Land Management (BLM), Bureau of Prisons, Bureau of Public Debt, Bureau of Reclamation, Bureau of the Census, Bureau of Transportation Statistics, California Home Page, California State, County and City Websites, Census Bureau, Center for Nutrition Policy and Promotion, Centers for Disease Control and Prevention (CDC), Centers for Medicare & Medicaid Services (formerly the Health Care Financing Administration), Central Command (CENTCOM), Central Intelligence Agency (CIA), Chemical Safety and Hazard Investigation Board, Chief Acquisition Officers Council, Chief Financial Officers Council, Chief Human Capital Officers Council, Chief Information Officers Council, Cities, Counties, and Towns in the United States, Citizens' Stamp Advisory Committee, Citizenship and Immigration Services Bureau (formerly Immigration and Naturalization Service), Civilian Radioactive Waste Management, Coalition Provisional Authority (in Iraq), Coast Guard, Colorado Home Page, Colorado State, County and City Websites, Commerce Department, Commission of Fine Arts, Commission on Civil Rights, Commission on Helping to Enhance the Livelihood of People around the Globe (HELP Commission), Commission on International Religious Freedom, Commission on Security and Cooperation in Europe (Helsinki Commission), Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction, Committee for Purchase from People Who Are Blind or Severely Disabled, Committee for the Implementation of Textile Agreements, Committee on Foreign Investments in the United States, Commodity Futures Trading Commission, Community Oriented Policing Services (COPS), Community Planning and Development, Comptroller of the Currency Office, Computer Emergency Readiness Team (US CERT), Congress, Congressional Budget Office (CBO), Congressional Research Service, Connecticut Home Page, Connecticut State, County and City Websites, Constitution Center, Consumer Product Safety Commission (CPSC), Cooperative State Research, Education and Extension Service, Coordinating Council on Juvenile Justice and Delinquency Prevention, Copyright Office, Corporation for National and Community Service, Corps of Engineers, Council of Economic Advisers, Council on Environmental Quality, Counterintelligence Field Activity, County and City Governments, Court of Appeals for the Armed Forces, Court of Appeals for the Federal Circuit, Court of Appeals for Veterans Claims, Court of Federal Claims, Court of International Trade, Court Services and Offender Supervision Agency for the District of Columbia, Customs and Border Protection, Defense Acquisition University, Defense Advanced Research Projects Agency (DARPA), Defense Commissary Agency, Defense Contract Audit Agency (DCAA), Defense Contract Management Agency, Defense Department (DOD), Defense Field Activities, Defense Finance and Accounting Service (DFAS), Defense Information Systems Agency (DISA), Defense Intelligence Agency (DIA), Defense Legal Services Agency, Defense Logistics Agency (DLA), Defense Nuclear Facilities Safety Board, Defense Security Cooperation Agency (DSCA), Defense Security Service (DSS), Defense Technical Information Center, Defense Threat Reduction Agency (DTRA), Delaware Home Page, Delaware River Basin Commission, Delaware State, County and City Websites, Denali Commission, Department of Agriculture (USDA), Department of Commerce (DOC), Department of Defense (DOD), Department of Defense Inspector General, Department of Education (ED), Department of Energy (DOE), Department of Health and Human Services (HHS), Department of Homeland Security (DHS), Department of Housing and Urban Development (HUD), Department of Justice (DOJ), Department of Labor (DOL), Department of State (DOS), Department of the Interior (DOI), Department of the Treasury, Department of Transportation (DOT), Department of Veterans Affairs (VA), Director of National Intelligence, Disability Employment Policy Office, District of Columbia Home Page, Domestic Policy Council, Drug Enforcement Administration (DEA), Economic Adjustment Office, Economic Analysis, Bureau of, Economic Development Administration, Economic Research Service, Economic, Business and Agricultural Affairs (State Department), Economics & Statistics Administration, Education Department (ED), Election Assistance Commission, Elementary and Secondary Education, Employee Benefits Security Administration (formerly Pension and Welfare Benefits Administration), Employment and Training Administration (Labor Department), Employment Standards Administration, Endangered Species Committee, Energy Department (DOE), Energy Efficiency and Renewable Energy, Energy Information Administration, Enforcement (Treasury Department), English Language Acquisition Office, Engraving and Printing, Bureau of, Environmental Management (Energy Department), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), European Command, Executive Office for Immigration Review, Export Administration (now the Bureau of Industry and Security), Export-Import Bank of the United States, Fair Housing and Equal Opportunity, Faith-Based and Community Initiatives Office, Farm Credit Administration, Farm Service Agency, Federal Accounting Standards Advisory Board, Federal Aviation Administration (FAA), Federal Bureau of Investigation (FBI), Federal Bureau of Prisons, Federal Citizen Information Center (FCIC), Federal Communications Commission (FCC), Federal Consulting Group, Federal Deposit Insurance Corporation (FDIC), Federal Election Commission, Federal Emergency Management Agency (FEMA), Federal Energy Regulatory Commission, Federal Executive Boards, Federal Financial Institutions Examination Council, Federal Financing Bank, Federal Geographic Data Committee, Federal Highway Administration, Federal Housing Enterprise Oversight, Federal Housing Finance Board, Federal Interagency Committee for the Management of Noxious and Exotic Weeds, Federal Interagency Committee on Education, Federal Interagency Council on Statistical Policy, Federal Judicial Center, Federal Labor Relations Authority, Federal Laboratory Consortium for Technology Transfer, Federal Law Enforcement Training Center, Federal Library and Information Center Committee, Federal Maritime Commission, Federal Mediation and Conciliation Service, Federal Mine Safety and Health Review Commission, Federal Motor Carrier Safety Administration, Federal Railroad Administration, Federal Reserve System, Federal Retirement Thrift Investment Board, Federal Student Aid, Federal Trade Commission (FTC), Federal Transit Administration, Federated States of Micronesia Home Page, Financial Management Service (Treasury Department), Fish and Wildlife Service, Florida Home Page, Florida State, County and City Websites, Food and Drug Administration (FDA), Food and Nutrition Service, Food Safety and Inspection Service, Food, Nutrition and Consumer Services, Foreign Agricultural Service, Foreign Claims Settlement Commission, Forest Service, Fossil Energy, Fulbright Foreign Scholarship Board, General Services Administration (GSA), Geological Survey (USGS), Georgia Home Page, Georgia State, County and City Websites, Global Affairs (State Department), Global Communications Office (White House), Government Accountability Office (GAO), Government National Mortgage Association, Government Printing Office (GPO), Grain Inspection, Packers and Stockyards Administration, Guam Home Page, Harry S. Truman Scholarship Foundation, Hawaii Home Page, Hawaii State, County and City Websites, Health and Human Services Department (HHS), Health Resources and Services Administration, Helsinki Commission (Commission on Security and Cooperation in Europe), Holocaust Memorial Museum, Homeland Security Department (DHS), House Leadership Offices, House of Representatives, House of Representatives Committees, House Office of Inspector General, House Office of the Clerk, House Organizations, Commissions, and Task Forces, House Representatives on the Web, Housing and Urban Development Department (HUD), Housing Office (HUD), Idaho Home Page, Idaho State, County and City Websites, Illinois and Michigan Canal National Heritage Corridor Commission, Illinois Home Page, Illinois State, County and City Websites, Immigration and Customs Enforcement, Immigration and Naturalization Service (Bureau of Citizenship and Immigration Services), Indian Affairs, Bureau of, Indian Arts and Crafts Board, Indian Health Service, Indiana Home Page, Indiana State, County and City Websites, Industrial College of the Armed Forces, Industry and Security, Bureau of (formerly the Bureau of Export Administration), Information Resource Management College, Innovation and Improvement Office, Institute of Education Sciences, Institute of Museum and Library Services, Institute of Peace, Inter-American Foundation, Interagency Alternative Dispute Resolution Working Group, Interagency Council on Homelessness, Interior Department, Internal Revenue Service (IRS), International Broadcasting Bureau (IBB), International Labor Affairs, Bureau of, International Trade Administration (ITA), International Trade Commission, Iowa Home Page, Iowa State, County and City Websites, James Madison Memorial Fellowship Foundation, Japan-United States Friendship Commission, John F. Kennedy Center for the Performing Arts, Joint Board for the Enrollment of Actuaries, Joint Chiefs of Staff, Joint Congressional Committee on Inaugural Ceremonies, Joint Fire Science Program, Joint Forces Command, Joint Forces Staff College, Joint Military Intelligence College, Judicial Circuit Courts of Appeal, by Geographic Location and Circuit, Judicial Panel on Multidistrict Litigation, Justice Department, Justice Programs Office (Juvenile Justice, Victims of Crime, Violence Against Women and more), Justice Statistics, Bureau of, Kansas Home Page, Kansas State, County and City Websites, Kentucky Home Page, Kentucky State, County and City Websites, Labor Department (DOL), Labor Statistics, Bureau of, Land Management, Bureau of, Lead Hazard Control (Housing and Urban Development Department), Legal Services Corporation, Library of Congress, Local Governments, Louisiana Home Page, Louisiana State, County and City Websites, Maine Home Page, Maine State, County and City Websites, Marine Corps, Marine Mammal Commission, Maritime Administration, Marketing and Regulatory Programs (Agriculture Department), Marshals Service, Maryland Home Page, Maryland State, County and City Websites, Massachusetts Home Page, Massachusetts State, County and City Websites, Medicare Payment Advisory Commission, Merit Systems Protection Board, Michigan Home Page, Michigan State, County and City Websites, Migratory Bird Conservation Commission, Military Postal Service Agency, Millennium Challenge Corporation, Mine Safety and Health Administration, Minerals Management Service, Minnesota Home Page, Minnesota State, County and City Websites, Minority Business Development Agency, Mint (Treasury Department), Missile Defense Agency (MDA), Mississippi Home Page, Mississippi River Commission, Mississippi State, County and City Websites, Missouri Home Page, Missouri State, County and City Websites, Montana Home Page, Montana State, County and City Websites, Morris K. Udall Foundation: Scholarship and Excellence in National Environmental Policy, Multifamily Housing Office, National Aeronautics and Space Administration (NASA), National Agricultural Statistics Service, National AIDS Policy Office, National Archives and Records Administration (NARA), National Bipartisan Commission on the Future of Medicare, National Capital Planning Commission, National Cemetery Administration (Veterans Affairs Department), National Commission on Libraries and Information Science, National Constitution Center, National Council on Disability, National Counterintelligence Executive, Office of, National Credit Union Administration, National Defense University, National Drug Intelligence Center, National Economic Council, National Endowment for the Arts, National Endowment for the Humanities, National Gallery of Art, National Geospatial-Intelligence Agency, National Guard, National Highway Traffic Safety Administration, National Indian Gaming Commission, National Institute for Literacy, National Institute of Justice, National Institute of Standards and Technology (NIST), National Institutes of Health (NIH), National Interagency Fire Center, National Labor Relations Board, National Laboratories (Energy Department), National Marine Fisheries, National Mediation Board, National Nuclear Security Administration, National Ocean Service, National Oceanic and Atmospheric Administration (NOAA), National Park Foundation, National Park Service, National Railroad Passenger Corporation (AMTRAK), National Reconnaissance Office, National Science Foundation, National Security Agency (NSA), National Security Council, National Technical Information Service, National Telecommunications and Information Administration, National Transportation Safety Board, National War College, National Weather Service, Natural Resources Conservation Service, Navy, Nebraska Home Page, Nebraska State, County and City Websites, Nevada Home Page, Nevada State, County and City Websites, New Hampshire Home Page, New Hampshire State, County and City Websites, New Jersey Home Page, New Jersey State, County and City Websites, New Mexico Home Page, New Mexico State, County and City Websites, New York Home Page, New York State, County and City Websites, North Carolina Home Page, North Carolina State, County and City Websites, North Dakota Home Page, North Dakota State, County and City Websites, Northern Command, Northwest Power Planning Council, Nuclear Energy, Science and Technology, Nuclear Regulatory Commission, Nuclear Waste Technical Review Board, Oak Ridge National Laboratory, Occupational Safety & Health Administration (OSHA), Occupational Safety and Health Review Commission, Office of Compliance, Office of Federal Housing Enterprise Oversight, Office of Government Ethics, Office of Management and Budget (OMB), Office of National Drug Control Policy (ONDCP), Office of Personnel Management, Office of Refugee Resettlement, Office of Science and Technology Policy, Office of Scientific and Technical Information, Office of Special Counsel, Office of Thrift Supervision, Ohio Home Page, Ohio State, County and City Websites, Oklahoma Home Page, Oklahoma State, County and City Websites, Open World Leadership Center, Oregon Home Page, Oregon State, County and City Websites, Overseas Private Investment Corporation, Pacific Command, Pardon Attorney Office, Parole Commission (Justice Department), Patent and Trademark Office, Peace Corps, Pennsylvania Home Page, Pennsylvania State, County and City Websites, Pension and Welfare Benefits Administration (now the Employee Benefits Security Administration), Pension Benefit Guaranty Corporation, Pentagon Force Protection Agency, Pipeline and Hazardous Materials Safety Administration, Policy Development and Research (Housing and Urban Development Department), Political Affairs (State Department), Postal Regulatory Commission, Postal Service (USPS), Postsecondary Education, Power Administrations, President's Commission on Moon, Mars and Beyond, President's Commission on the U.S. Postal Service, President's Council on Integrity and Efficiency, President's Foreign Intelligence Advisory Board, Presidio Trust, Prisoner of War/Missing Personnel Office, Program Executive Office, Ships, Public and Indian Housing, Public Debt, Bureau of, Public Diplomacy and Public Affairs (State Department), Puerto Rico Home Page, Radio and TV Marti (Español), Radio Free Asia (RFA), Radio Free Europe/Radio Liberty (RFE/RL), Railroad Retirement Board, Reclamation, Bureau of, Refugee Resettlement, Regulatory Information Service Center, Rehabilitation Services Administration (Education Department), Research and Innovative Technology Administration (Transportation Department), Research, Education and Economics (Agriculture Department), Rhode Island Home Page, Rhode Island State, County and City Websites, Risk Management Agency (Agriculture Department), Rural Business-Cooperative Service, Rural Development, Rural Housing Service, Rural Utilities Service, Saint Lawrence Seaway Development Corporation, Science Office (Energy Department), Secret Service, Securities and Exchange Commission (SEC), Selective Service System, Senate, Senate Committees, Senate Leadership, Senators on the Web, Small Business Administration (SBA), Smithsonian Institution, Social Security Administration (SSA), Social Security Advisory Board, South Carolina Home Page, South Carolina State, County and City Websites, South Dakota Home Page, South Dakota State, County and City Websites, Southern Command, Special Education and Rehabilitative Services, Special Forces Operations Command, State Agencies by Topic, State Department, State Home Pages, State Justice Institute, Stennis Center for Public Service, Strategic Command, Substance Abuse and Mental Health Services Administration, Superfund Basic Research Program, Supreme Court of the United States, Surface Mining, Reclamation and Enforcement, Surface Transportation Board, Susquehanna River Basin Commission, Tax Court, Taxpayer Advocacy Panel, Tennessee Home Page, Tennessee State, County and City Websites, Tennessee Valley Authority, Territories of the United States, Texas Home Page, Texas State, County and City Websites, Transportation Command, Transportation Department (DOT), Transportation Security Administration, Transportation Statistics, Bureau of, Treasury Department, TRICARE Management, Trustee Program (Justice Department), U.S. Border Patrol (now Customs and Border Protection), U.S. Citizenship and Immigration Services, U.S. Customs and Border Protection, U.S. Immigration and Customs Enforcement, U.S. International Trade Commission, U.S. Military Academy, West Point, U.S. Mint, U.S. Mission to the United Nations, U.S. National Central Bureau - Interpol (Justice Department), U.S. Postal Service (USPS), U.S. Sentencing Commission, U.S. Trade and Development Agency, U.S. Trade Representative, U.S. Virgin Islands, Unified Combatant Commands (Defense Department), Uniformed Services University of the Health Sciences, Utah Home Page, Utah State, County and City Websites, Vermont Home Page, Vermont State, County or City Websites, Veterans Affairs Department (VA), Veterans Benefits Administration, Veterans Day National Committee, Veterans Health Administration, Veterans' Employment and Training Service, Vietnam Educational Foundation, Virginia Home Page, Virginia State, County and City Websites, Vocational and Adult Education, Voice of America (VOA), Washington Headquarters Services, Washington Home Page, Washington State, County and City Websites, Weather Service, National, West Point (Army), West Virginia Home Page, West Virginia State, County and City Websites, White House, White House Commission on Presidential Scholars, White House Commission on the National Moment of Remembrance, White House Office of Administration, Wisconsin Home Page, Wisconsin State, County and City Websites, Women's Bureau (Labor Department), Woodrow Wilson International Center for Scholars, Wyoming Home Page, Wyoming State, County and City Websites