Thursday, September 25, 2008
Ron Paul asks Bernanke some tough questions
This is a brief clip from the Economic Committee meeting this week, where Ron Paul is asking the following questions.
Why congress feels that it should do this $700 bail out plan?
Where does Congress get its authority to do this?
Why are they price fixing?
Does Congress really want to create another depression?
There is a $700 bailout plane to bail out the banks. Where the government buys up old debts so that the banks and the financial institutions do not take a loss.
BUT where does the money come from to buy all these old debts?
And what happens to all the old debts? Who pays these debts off?
The answer please.....
YOU - THE TAXPAYERS
You will pay for these debts by paying higher taxes to your government