Editorial: Bailouts

Secrecy doesn't work well in a democracy.

Bailing out businesses to the tune of $700 billion doesn't sit well already with taxpayers.

Doing it by giving the Secretary of the Treasury sweeping powers in dispensing our money with no oversight or checks by other branches of government is wrong.

Taxpayer dollars should have public oversight.

All indications point to the need for the aid package or dire consequences affecting more than just Americans.

But the package needs to be transparent and not hidden from the public.

If we are mortgaging our future for our children and grandchildren to deal with trillions of dollars in debt, we should be doing it with both eyes open.

We should also expect greater oversight by all branches of government to insure we are not in a position of needing to provide bailouts again.