First off I'm not exactly the smartest or most informed person on this subject. I'm really trying to be... in a sense and following it when I can. But school is a nice little nag. So please excuse me if my question is a bit ignorant or already been answered in some way shape or form...
My question is,
Since it appears that the US will borrow 700 billion from foreign banks and such, how will this, in the long run, help the US economy and those around the world who are connected to our economy? It will put us further into debt, and the more I think about the current bail out plan (and from what I've heard and read, as I have yet to see the actual details about it), it will just make everything "feel" good now, but bite us harder in the future. I feel like we should have let it collapse and then build it back from the ground up. I know it may takes years and maybe even decades, but I'm looking at how this will work out for future generations.
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