Bailout bill fails

[Danzig]

Originally Posted by blackthroatedwind

I don't really like these debates, but isn't the gist of what SCUDS is saying true? Isn't fiscal irresponsibility by America what pretty much got us into this situation?

I'm basically a bleeding heart liberal, and I'm all for helping out those that need help, but how would this bailout necessarily fall into that category?

yeah, the kernel in that post is true, it is rampant spending/borrowing that got us into this mess.
however, we have to find a way OUT of the mess, or it will only get tremendously worse.
do we need to spend 700 billion to do it? that i'm not so sure of.