thoughts from gregg easterbrook
"Being self-employed, I must pay quarterly estimated taxes, and self-employment taxes for the fourth quarter of 2008 were due mid-January. I borrowed from my bank, the Bank of America, to make the tax payment. Last week Bank of America, which had already received a $25 billion federal gift, was given another $20 billion in federal subsidies to cover losses caused by poor decisions by its top managers, all of whom have kept their ritzy jobs and high salaries. So: First the federal government borrowed money, probably from China; then gave the money to Bank of America; then I borrowed some of that money from Bank of America and gave it to the federal government; then the federal government gave the money back to Bank of America."
yes we can!