Make sure you are sitting down when you read the next line. The potential debt of the United States with all of the bailouts and stimulus funds included is $23,700,000,000,000. In short, $23.7 trillion.
You can feel any way you would like about the Stimulus, AIG, bank and auto bailouts, however you feel it is putting us in a very dangerous place.
This in no way is a quick fix. None of us no the future economic conditions, but we can all agree this monumental number is hard to swallow. Following the pure capitalistic process, companies fail. New companies rise, hopefully learn from the mistakes of others and prosper. It is the way our country was built and the way innovation and new methodology is built.
It may seem to create an easy fix. What it really happening, is we are putting our finger in the dike to stop a leak.