Monday, November 24, 2008

Government Bailout Costing Taxpayers Trillions

With the decision just coming down today that the government has decided to rescue Citicorp with another 20 billion dollar handout in addition to the 25 billion it gave it a little over a month ago it made me wonder just how much has the government spent so far bailing out corporations with taxpayer money? Well if you add it all up so far the figure is about 7.4 trillion dollars. This figure includes money that has already been spent in addition to money that has been alotted and is being considered for other corporations such as GM. To give you an idea of just how much help that is the entire U.S. economy added up would total about 15 trillion. In addition one should consider that these "Loans" will not even guarantee that these companies will not return to "Uncle Sam" 3, 4, or even 6 months from now asking for even more which is probably likely.

1 comment:

Anonymous said...

I think WE need a bailout. So I did some research and found tons of great bailout's for us that no one talks about.

Check out current bailouts for us.
Bailout Types for 2009