We finally got the details about the US government's next bailout attempt...a $150 billion-plus package that will send rebate checks out to taxpayers and some more that will promote spending by businesses.  It wasn't enough that the government tried to bail out people with irresponsible mortgages...or that the Federal Reserve continues to bail out Wall Street with cheap money by cutting interest rates and adding liquidity every time the stock market falls..or that foreign investors are bailing out US banks who didn't properly manage their risks.  Now the government is in the business of bailing out the whole US economy!

Rather than address a single problem that the US has with its struggling economy, the government is just going to mail out checks equal to 1% of the US GDP.  What better way to grow an economy than have the government spend money it doesn't have?  Nobody's happy if the economy does not grow 6% per year and the stock market doesn't grow 10%. 

Unfortunately, the band-aids keep getting bigger.  And we all know that we use the biggest band-aid for the more serious scrapes and cuts.  But there comes a point where band-aids don't help any more and you need serious medical attention to fix the problem. 

The US economy is reaching the point where band-aids no longer work.  The wounds are becoming infected underneath the band-aids.   We need some significant work to fix our broken economy.