Are "the taxpayers" bailing out Freddie and Fannie or

[pinkpops]

is the bailout being paid for deficit spending?

[rurallib]

1. If any money is spent it will be taxpayer money eventually

but probably just drive the budget further in the hole for now. No doubt our kids and grandkids will have plenty of reason to hate us when they pay for our (Reagan/Bush/Bush) fuck ups.

[ingac70]

2. deficit spending...

the hole we are in will double.

[Clear Blue Sky]

3. Any government spending is paid by taxpayers...

[Kutjara]

4. You say potayto, I say potahto.

The deficit has to get paid somehow, whether by taxes today or taxes tomorrow. It all comes down to who gets screwed: us or our kids.

[natrat]

5. both get screwed

[lapfog_1]

6. When you buy something on your credit card

did you buy it or did your deficit spending buy it?

(Same question)

Point being that if you are running a deficit (living on your credit card), then anything you buy is "on credit".

The real question is "what happens when you hit your credit limit". Fortunately, since the US prints its own money, one possible solution is for the government to "print" more money. But then that has its own downside (I don't own a shopping basket to put enough cash in to go to the market).

[jazzjunkysue]

7. Yyyyep! It's all fake money and the real value will come due, eventually.

The investors in Fannie don't want to get screwed and so are bailing. So, if we take their place, we get screwed, instead.

It's socialism! Woo Hooo! I've always wanted to be a socialist!