Bailout: Why not buy my bad debt too?

Last I heard, the American dollar is only worth 97 cents.

Now, Congress wants the Department of Treasury to spend $700 billion to buy a bunch of mortgages that never should have been lent in the first place as a bailout.

This is like a bad marriage on the horizon. A wealthy woman with a spending problem wants to marry a man with a gambling problem. Sounds like a formula for disaster to me.

The result of this deal: more inflation, lower interest rates, and more financial suffering for the middle class. The richer get richer, and the poorer get poorer. Oh, and by the way, they have built into the legislation that the $700 billion will be repaid to the Treasury. Who do you think is going to get that bill?