Who's going to pay for the oil spill?

British Petroleum (BP) is getting a lot of heat for the latest environmental disaster. Twenty-five thousand barrels of oil are gushing into the Gulf of Mexico, every day.

I haven't been following the story very well. I did hear that President Obama said, "BP is responsible for this leak and will be paying the bill."

Really?? BP is going to pay the bill. Don't mind my skepticism, but did the wall street banks pay the bill for their shady business practices, which brought down the economy?

No, of course not. The taxpayer paid the bill.

I'm going to go out on a limb here and say that BP will not be paying the whole cleanup bill. Sure, they'll pay a little. Not all of it though.

Obama said, "We're going to do everything in our power to protect our natural resources, compensate those who have been harmed, rebuild what has been damaged and help this region persevere like it has done so many times before."

US taxpayers better hold on to their wallets.