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Is Everyone Sleeping Out There?
The news at the minute, and it is distasteful news, is that some UK Banks that were bailed out by the Govt are planning a bonus payout for their employees. In truth, there are many hard working people in the UK banks who are just as fearful of their job as everyone else is. The issue of the bonuses is that the taxpayer, you and me, will be indirectly paying them. The rationale for the bonuses is that every one has worked hard and that some areas of the banks were profitable, like revenue from bank charges, credit card charges and mortgage and loan arrears fees (more on this further in this article).
Free Money Through Government Grant ProgramsWe are no longer talking about billions of free grant money being provided through government grant programs. We have now moved into trillion dollar territory as this administration continues to flush countless volumes of dollars back into the economy. American citizens may be able to claim grant checks and receive free money that they never have to pay back, and the government is moving so quickly that they seemed to forget to put any restrictions on these programs.