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.
Tuesday, July 21, 2009
United States Banker Bailouts Could Cost $23 Trillion ($23,000,000,000,000)!
This bailout business is becoming really ridiculous and sick, because we are going to be stuck with the final bill. $23,000,000,000,000 is nearly double the country's GDP. How are the Feds proposing these monies be repaid? I have been asking that question for years and still cannot get an answer. Therefore, I guess we can't pay this money and we're in bondage to the international bankers forever.