Government bailouts are projected to total an inconceivable $23 TRILLION. Where, pray tell, are we to come up with that amount? A sobering economic report from Politico:
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.
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