Around 5:30 this afternoon an amendment was offered by Bernie Sanders, (I) Vt. to be attached to what is becoming known as “The Bail-out Bill”.

The amendment proposes to make a minor adjustment in the tax rate of individuals making over $500,000 a year or families making $1 million a year..  The adjustment, which would be barely felt by those with such high incomes, would raise $300 billion in just 5 years, almost half of the bailout proposed by Paulson…

This amendment would shift the cost of the bailout away from main street to those who prospered under the Bush administration…  Those who suffered under the Bush administration would not be responsible.

Sounds good…   I believe someone receiving a $100 million dollar bonus created from thin air out of tricky accounting, would certainly step up and patriotically be willing pay the cost… But Just in case they hesitate, this amendment proposed by Bernie Sanders, couldn’t hurt…

The only sad part, is that if we could have so easily raised $300 billion in such a short time…. with our Federal government borrowing close to a trillion from the Chinese……why didn’t we?