I was shocked to have read this article today on money.com. This is nothing less than pure insanity! All I hear about lately is how my great grandchildren will by paying off the national debt, and for what? So the government can bail out the private sector to the tune of billions of dollars, just so a company can go bankrupt and not repay the money? Adding insult to injury, read the excerpt of the money.com article below. It specifically says that the government is aware that Chrysler won't repay the loan to the American tax payers, yet the government will continue to loan (or "gift") an additional $3.2 billion to fund Chrysler's operations during bankruptcy, which will NOT BE PAID BACK TO THE AMERICAN TAX PAYERS! Is it just me folks, or this pure insanity?

Excert from the Money.com article starts now...

Chrysler won't repay bailout money

An administration official confirms that a $4 billion bridge loan and $3.2 billion in bankruptcy financing won't be paid back by Chrysler following bankruptcy.

NEW YORK (CNNMoney.com) -- Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing.

This revelation was buried within Chrysler's bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company's key financial advisors in the bankruptcy case.

Some of the main assumptions listed by Robert Manzo of Capstone Advisory Group were that the Treasury would forgive a $4 billion bridge loan given to Chrysler in the closing days of the Bush administration, a $300 million fee on that loan, and the $3.2 billion in financing approved last week by the Obama administration to fund Chrysler's operations during bankruptcy.

(END EXCERPT FROM MONEY.COM ARTICLE)