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What About The Taxpayer’s Debts?

By Markham Lee on September 13, 2008 | More Posts By Markham Lee | Author's Website

It’s rather disgusting/disturbing that the government is taking money from individuals who are struggling with their own debt problems, and using that money to back-stop the debts of two companies that were into the ground by CEOs who were given severance packages that exceed the annual income and/or net worth of 99% of the population.

As the nine people who read this blog are aware I’m rarely fond of populist arguments related to business and economics (because I often find them to be more knee-jerk than logical), however in this case certain recent events are too egregious to chalk-up to mere knee-jerk populist sentiments.

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