Congressman Ruppersberger On The Bailout Plan

Many people assembled to protest the proposed $700 billion bailout of Wall Street. For all the clamoring about getting rid of the payday loan industry, some people really want us to have them. For instance, the enormous $787 billion stimulus package, on top of the $700 billion bailout for Wall Street and troubled banks. Capitol Hill and the President have been working furiously on the payday loan to the nation. They hope to be putting it to good use as soon as possible. While it may be a good idea, how long is it going to take to pay it all back, and where are we getting the money from? The national debt is astounding. It is likely our grandkids will be paying off the down payment on it. Who is going to pay it back and when are the kinds of things that are very clear if you need to get a payday loan.