Quote:
Originally Posted by Did you just call me Coltrane?
The government bails out businesses all the time, e.g., banks, airlines. Why can't it bailout taxpayers? As George Will described the bailouts: “Here comes capitalism without risk: profits private, losses socialized.”
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The concept is fine, in fact, it's preferred. Bailing out the people who'll spend money rather than affluent sorts who'll just save it (the usual trickle down route) is beneficial to all involved.
The problem is timing. People who graduate in difficult economic times get bailed out while others do not? How do you bail out the class of 2024 and not, say, 2032?
And since they're putting income limits on it, how do you bail out the kid who took anthropology and can't find a job and not the one who studied engineering and makes $100k a couple years out?
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