Congress is bailing out Wall Street but there were two questions that never got asked. Here they are in short order. The two questions we never heard asked in the Congressional Wall Street bailout debate.
First – Is this action Constitutional? Does Congress have specific authority under the Constitution to become an investment bank? Anybody remember that oath of office every member has to take? The one that talks about upholding the U.S. Constitution?
Second – Where does the $700 Billion come from? We are running a large federal deficit. We have a federal debt – that is money the government owes to the public and foreign governments of roughly six trillion dollars. Did you hear that right – we the people owe six trillion dollars in the national debt. Our budget is broken and our nation is mired in debt. So where is Congress going to get the $700 billion for the Wall Street Bailout?