Obama’s Bailout Tab to Date: $4.7 Trillion, Could Reach $24 Trillion

The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.

Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 for every American. Read More

Do we the people have any idea of just how much Obama is costing us the taxpayers? How long will it take to pay back this money to balance the Budget?
On top of that is his costly healthcare bill. We had better hope that 2010 will bring the congress to a balance body so Obama can be slowed down a tab. He can do alot more harm to America with over 3 years to go, so it might already be to late to save our Great Country!

LINKS:

(1) March on DC – September 12th

Advertisements

2 comments on “Obama’s Bailout Tab to Date: $4.7 Trillion, Could Reach $24 Trillion

  1. Howdy, everybody!
    Obama’s bailout spree is like binge drinking in an alcoholic. You can’t stop unless you’re administered proper detoxication treatment. The inebriated Uncle Sam keeps knocking down those “drinks” (issuing paper money) & hoping the rest of the world will pick up the tab for this kind of destructive behavior. And so far this has been working. China, Japan, Russia (in that order) have all accumulated a whole plethora of largely wothless US dollars but there must be a limit to how far they would be prepared to go to keep up this kind of reckless spending by the US. Sober up, Mr. Obama et al!

  2. I think you might be onto something yuresh, you being in Russia hit it right on the head! Thanks for the comment and come back again.

Comments are closed.