Bailout Cost Exceeds All American Wars

[Javaman]

http://www.aim.org/on-target-blog/bailout-cost-exceeds-all-american-wars/

“The total value of the bailouts undertaken by the federal government in 2008 now exceeds the combined cost of every major war the United States has ever engaged in, according to a comparison of war costs calculated by the Congressional Research Service (CRS) and the value of the bailouts as calculated by Bloomberg News or Bianco Research.

According to CRS, all major U.S. wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, but not the invasion of Panama or the Kosovo War), cost a total of $7.2 trillion in inflation-adjusted 2008 dollars.

According to Bloomberg, the federal government has made commitments worth a total of $8.5 trillion in the bailouts of 2008. That includes actual expenditures as well as loan and asset guarantees.

Bianco Research puts the total value of the bailouts at $8.7 trillion.

(weeeeee!!!!!)

[jobycom]

1. So does my credit card debt.

It feels like, anyway. :(

[Turbineguy]

2. That may be

but we have to support the "Free Market!"

Saint Ronaldus told us it will work!

[kentuck]

3. And look at what we are saving...

Blood-sucking parasites, posing as job-creating capitalists. It ain't nobody's fault but our own. They deserve no bailout. We deserve an economic democracy.