$700 Billion bailout needs scrutiny

Every American should read the actual text of the proposed bailout bill. The first draft, published Saturday by the New York Times, was less than a thousand words. It gives unprecedented authority to the Secretary of the Treasury. Citizens should have first-hand knowlege of what it being discussed.

$700 Billion (the amount specified in the draft bill) is more than one-fourth of the annual federal budget. It is equivalent to $2,300 for every man, woman, and child in the country. Before giving the Secretary control over this much money we should educate ourselves about what we're about to do. The draft is only two pages long. Read it!

Here's a link to the (original) draft from Saturday, September 20th. This is already out of date, but I haven't found an updated version.:

http://www.nytimes.com/2008/09/21/business/21draftcnd.html