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Tuesday, February 17, 2009

Save the taxpayer, save the world!!

Funny thing, I was watching "Heroes" this evening. ( last nights episode on DVR) and when I was too busy to get to the ad zapper button, I heard that line, in a Turbo Tax commercial. The play on the line from the first season of "Heroes", "Save the cheerleader, save the world." The "dumb" guy in the ad, Gets happy and says, "Save the taxpayer, save the world!" and the "smart" guy replies, "that doesn't even make sense." But it really does make sense.

I have been saying almost exactly that for the last few months about these bailout /stimulus packages that have been going around and through the Government like shit through a goose. While we the Taxpayers sit home worrying about paying our bills on what little money we get from unemployment, or praying like hell that we can hang onto our jobs, the Dopes that we put into office year after year, continue to forget about us and send our ( and our childrens', grandchildrens', and great-grandchildrens') money to corporations and banks that have squandered billions of dollars, and look well poised to squander billions more.

I think that the part of this whole thing that really drives me crazy is that even while all of these banks and credit issuers are going under and being bought and sold left and right, WE are still expected to continue paying our bills. The companies have changed hands three or more times and the letterhead on the statements changes each time, but we still have to write a check to the new company. It pisses me off to no end, that corporations can trade OUR debt like a commodity. It seems to me that when the original company that we made our original agreement with goes under for whatever reason, our debt is erased with the name on the letterhead. And they are not allowed to keep the name on the letterhead when the company is acquired by a bigger company just so they can continue to take our money. I have to believe that the trading of debt as an asset, is one of the reasons that we are in this mess in the first place.

One of the points that still gets my goat, but is being addresses by some new legislation, is that the credit companies can take your payments every month and apply them to the lowest interest rate first. This allows them to keep the highest interest balances collecting interest for the longest time, thereby keeping you in debt forever. Or until you win the lottery or die! Sometime in the next couple years it will become illegal for the companies to do this, they will be obliged to apply payments to the highest interest debt first. And believe it or not this legislation was passed before the changing of the regime!

Anyway, if we the taxpayer had this money we really would probably save the world. It is the consumer who brings about the growth. Giving us the money to pay our debts, will give the economic boost to the banks and credit industry, it will free up our cash to use for purchasing new cars and for other luxury items. Sadly, it will be much similar to giving the money to the corporations in that the largest amount of people will just dig the same hole that they were just pulled out of, but there may actually be enough of us who have learned something from this mess and once we get out of the hole, we will do our level best to live within our means. Sometimes it's nearly impossible, but we sure try. I was just thinking that it seems that the harder I try to save money, the more likely it is that something comes up that requires me to spend way more than I really can afford. Whether it is truck repairs, clothes or a hospital bill, somewhere I always end up with some extra bill at the exact worst time for it. Murphy really was an optimist!

SO, that's my rant for today. Not really hot, but I guess I have to continue beating this dead horse! Maybe someone will pick up the cry and take it to the steps of congress and make themselves heard.

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