Our booming economy - Bailouts
From
Politico:
Bailouts could cost U.S. $23 trillion
A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government’s watchdog over the effort says – a staggering amount that is nearly double the nation’s entire economic output for a year.
If the feds end up spending that amount, it could be more than the federal government has spent on any single effort in American history.
Rope, tree, some assembly required...
Posted by DaveH at July 20, 2009 7:26 PM
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