Bailout bill: $700,000,000,000

Text of Draft Proposal for Bailout Plan

Excerpt:

The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

...

The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.


...
Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Comment: Our politicians really don't care. They will pass this bill and then go home to their districts to campaign. My children's children's children will pay for this!