I'm impressed with South Carolina's Governor Mark Sanford. He's one state governor NOT looking for a bailout. He gives his reasons here. His biggest point:
Washington is short on cash these days and will borrow every dime of
the $150 billion to $300 billion for the "stimulus" bill now being
worked on. Federal appetites may know no bounds. But the federal
government's ability to borrow is not limitless. Already, our nation's
unfunded liabilities total $52 trillion -- about $450,000 per
household. There's something very strange about issuing debt to solve a
problem caused by too much debt.
Where do we end bailouts?
-Colonel Steve
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