To spend is to tax, wall streets $700 billion bail out

To spend is to tax, as capitalist deity Milton Friedman is said to have put it.
To see how good the government thinks the credit risks are, the Federal Reserve is charging AIG (until last week a Dow component) an interest rate of three-month LIBOR plus 8.5 percent—about 11.4 percent. That's a lower rate than many credit-card customers pay, but a higher rate than most junk-rated companies pay. But it's almost certain that all these bailouts will cost taxpayers tens of billions, possibly hundreds of billions, of dollars. so how do the federals think we are going to pay this major bail out for some failing companies. "I'd love to hear what former Lehman Brothers CEO Richard Fuld, or President Bush (who continues to cower behind Paulson's large frame) or Goldman SachsCEO Lloyd Blankfein and Morgan Stanley CEO John Mack, whose butts were just saved, has to propose." says Daniel Gross of Newsweek. Possibility would be to make the bailed out companies self-insure against their own incompetence, the way banks have done in the past with the Federal Deposit Insurance Corp. and of course Congress should abolish the exemption that lets private equity and hedge-fund managers to pay low capital-gains tax rates for the money they earn managing other people's money. The fact that they had to be helped because of their own incompetence is their fault. So i think that we should help get them back on their feet but not give them all the money they need, because who is going to pay for this...we will. The last i checked the United States was nine trillion dollars in dept to the chinese.