November 23, 2008 8:46 AM

Ok. I told myself that I would never do this but….

Our national deficit is terrible. Interest expense is the 3rd largest expense in the federal budget. Social spending and defence are the only 2 expenditures higher than interest.

We need a long term plan to get interest expense under control. This is money that is being thrown away with no value. Also, the expenditures made with these loans aren’t revenue generating…

Also, what’s up with the auto makers??? They’ve just screwed up. Here are some factoids…

Toyota: Profit of 5 Billion a year. CEO makes 1 million a year
Ford: Lost 2.7 Billion, CEO makes 20 million a year
GM: Lost 38.7 billion, CEO makes 15 million a year

I don’t know how much is salary versus bonus, but hell, there should be no bonuses paid out if you have any loss….

Just makes you wonder what these people are thinking…

~rb