Most economists agree. A bailout is necessary to save the US economy. While they disagree as to the cause of the current situation, they all agree as to the need for some government action. I want to take a look at what lead to the bailout and through this, gain a greater understand to our responsibilities as individuals living within a collective group of people – for our purpose, as Jews living within Klal Israel.
There were two types of people engaged in the economy in the past 20 years. There were the responsible people who would only take out money when they knew they would be able to pay it back. Among those responsible people, there were individuals, families, CEOs, people on “Wallstreet” and on “Main Street”. On the other hand, there were some very irresponsible, greedy people who would take loans without being able to repay them. Once again, among those people, there were individuals, families, CEOs, people on “Wallstreet” and on “Main Street”. It is because of those irresponsible people that we are now in a mess.
The argument right now in Congress , from those who oppose the plan, is very straight-forward: If those irresponsible people caused the current crisis, why should responsible people pay to “bail them out”? This is unjust and unfair!
On the other hand, the other side of Congress argues something practical: Yes, you are right, it is unjust. Their mistakes should not make have to make you lose money. However, the fact is that we live in an interdependent society. Your mistakes affect others and their mistakes affect you. If you do not “bail them out”, you will end up paying for it as well. Mainstreet is affected by Wallstreet. Responsible people are affected by Irresponsible people. We are all in this together.
This, pretty obviously, brings back a powerful concept in Judaism – “Kol Israel Areivim Ze La Ze” – All of Klal Israel is responsible for each other. The reason for this concept goes to the basic foundation of Jewish Thought. Judaism is not, like many people think, a religion. Judaism is a Nationalist thought. The Jewish Nation is a Nation, not a religion. As a nation, we have a common goal, a common purpose and a common destiny. And so, we are all interconnected, responsible for each other. If one of us fails at something, it affects the whole nation. We are all in this together.
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