Government bailouts – what this teaches our kids
Government bailouts for homeowners. Government bailouts for AIG. Government bailouts here and bailouts there. While our country swims in newfound debt, and the average American parent worries how their children and grandchildren will ever pay off the deficit, there are also concerns over what the bailouts might be teaching our children.
As with anything, the key is to talk to your children about current events and how it impacts your life, their life and their future. This is the best way to instill your values and pass on your thoughts to your children. It also allows them to look at situations critically and learn to ask hard questions as they move into adulthood. So, here are a few questions you might want to ask your children about the government bailouts.
Elementary Aged Child
- Did you know that our government voted to give money to banks and corporations to help them out?
- If you spent all your allowance, but wanted some bonus money to buy some candy, do you think the government should give you a loan?
- What if you would lose your bicycle if the government didn’t send you money and all your friends would lose their toys? Do you think the government should send you money then?
Junior High/High School
- What are your thoughts on the government bailouts for homeowners?
- Do you think the government should give more credits to homeowners or less?
- Does it make you angry that you’ll be paying on the deficit most of your life if not all of your life?
- What do you think we could do to solve this problem?
These questions are just to get the conversation rolling. You’ll want to share your thoughts and opinions about the bailouts of 2008 and 2009 with your child, of course.