The government bailed out AIG last night and I understand why. But, according to my calculation, that's nearly 1 TRILLION dollars in bailouts year to date! Hmmm... with our huge deficit, I wonder where the money will come from?
Well, from you and me, my friends. Make no mistake: No matter who wins this upcoming election, all the promises of reducing the tax burden on the middle class will disappear like magic.
Cynical? No, I've just seen it happen over and over before. The incoming administration will blame the outgoing administration and say, "Well, I did promise not to raise taxes, but George Bush (or the Fed or Wall Street greed) left us in such a mess, I have no other choice!"
Wait and see...
I sure hope you're right!
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