Again, from the guy who made the video below. I do not know that much about economics and finance, but I do know a few things - debt is generally bad, and no one should go into debt for things that have no financial worth - like say, a vacation. That pretty much leaves open the possibility for debt for education (which will result in a higher income eventually) and a home (which will usually appreciate. Debt for any other items should be short term, like a few months or so. And no one should go into debt to pay for medical care, because WE SHOULD ALL HAVE FREE MEDICAL CARE.
And one other thing I know: $700 billion dollars, if made into JOBS, would have a wonderful impact on our economy. And we would get some of it back in income taxes. This present bailout fraud will not help our economy (rather, it will create another bubble, which will result in a worse crash) but will make some rich folks richer.
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