A loaf of bread costs $1. For some, that is too expensive. The Feds agree to loan these people $1, but the bakery raises the price of a loaf of bread to $1.75.
Good deal, eh? But for whom?
- the buyer who spent his own $.75 AND still owes the government $1 (at a relatively high interest rate)?
- the taxpayer who has to pay for all this?
- the baker whose profit just skyrocketed?
- the politician who can now count on the votes of both baker and buyer?