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RightChange: The Bailouts Keep Coming

Tue, November 22, 2011

Fannie and Freddie want another bailout, college students want a student loan bailout, and now the bankrupted Stimulus-funded energy company Solyndra will get one.

Reason TV is out with a new video on the three reasons why we should not bailout student loan borrowers:

Students aren’t the only ones wanting a bailout:

“The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.

That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.

Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back.”

Government bailouts are just a precursor to more bailouts.  We have written about this before.  The only group that gets the short end of the stick in these cases are taxpayers.

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