I don't know about you, but I'm not happy about the proposed bail out. And isn't it sad that the Senate had to slop all of the extras in this relief bill? Tax breaks for wooden arrows, rum and wool research? Give me a break!
However, I'm also scared with what will happen if we don't do something.
Even though we seem to be in better shape than other parts of the country, it is already harder to get credit. Some credit card companies are cutting limits. And, unless you have a great credit rating and a good down payment, most mortgages are harder to get.
But how does this credit crisis affect those that didn't buy a house beyond their means or those that pay off their credit cards every month?
The bottom line, if houses in our neighborhoods go into foreclosure, our property value will drop. And that means, less property taxes for government services and schools. And with fewer people using services, businesses like your garbage or cable company will have to charge more to make up the difference.
It seems to me, we have no choice to support some form of a rescue plan. Hopefully, we can get past the politics and find a viable solution. In the meantime, I think we have a right to know all the facts.
And, after we get through this economy in crisis, we will get some answers from the companies, and the people, who put us here.
To respond to this editorial, send an e-mail or call 812-253-0107. You can send a letter to me at: Debbie Bush, WFIE-TV, and P.O. Box 1414, Evansville, IN 47701.
1115 Mt. Auburn Road
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