The 700 Billion dollar question.
Okay. So, I’m not so great with numbers. I failed 7th grade math. I can’t even fathom $700,000,000,000. But, from what I hear, that’s like 2,000 apple pies from McDonalds for each American.
That’s a lot of apple pies.
Now, I’m pretty sure we shouldn’t have the government purchase us all 2,000 apple pies. I mean, I am not an economist. I don’t know what would happen if we didn’t bail these financial institutions out. I’m assuming its not good.
But, I also know that $700,000,000,000 could do a heck of a lot for a lot of people. I’ve seen all kinds of ideas these last few days.
Sure, we could pay off consumer debt. That would be helpful. But would it be a long-term solution? I’m guessing most of us would be deep in debt again in 3-5 years.
I’ve heard the claim that this much money would provide food and pretty much save the world’s 6 million children stuck in poverty. I personally like that idea.
So, what’s best?
Bail out the companies?
Find a way to help the world’s poor?
Pay off all the college debt?
Or, is it naive to think the government should so something else with the money?
Those of you who have a clue, or those of you who just have an opinion…
What do you think?