Beggar's Banquet

You can't always get what you want
But if you try sometimes you might find
You get what you need
--Rolling Stones

The $300+ billion Citigroup (C) bailout is sure to lengthen the monetary bread lines. Make sure you grasp the essence of this situation, as it boils down to the following:

We're seeking massive fiscal relief from a government that's $12 trillion in the hole.

Not sure you could mark much higher on the scale of folly.

I'm imagining my 8 yr old niece and (soon to be) 7 yr old nephew in school where their teachers are trying to explain this phenomenon to them. If such a 'teachable moment' is spun in a manner that attempts to justify our current actions, then we're surely lowering the financial literacy bar for our youngest generation.

Our kids deserve better.

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