"If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let?s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.
The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion
The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion).
Go figure: WWII was a relative bargain."
Now add in the national healthcare plans in the works. And the ‘tax cuts for 95% of American taxpayers’. LOL!!
Just to pay the interest on all this debt they’re running up will give us a TRILLION dollar yearly deficit…which will require MORE unimaginable interest payments in themselves.
The future of the US dollar and the US economy is very dim indeed. All the libs who voted in this big government, with Roosevelt and LBJ and on and on, have reached the end of the line. Libs killed this country. It is dying. Now comes the military dictatorship. Good job, libs.
“But we did it out of compassion for the weak and helpless!!” LOL!!!
As usual, you see things in black and white terms that are flat wrong. Conservatives may not have created the welfare state, but they did little to stop it. Government spending GREW under Reagan, grew under Nixon, exploded under Bush. None of these presidents, or Republican Congressmen, challenged the size of the state in a fundamental way. Defense spending has also been a not-insignificant contributor to this coming catastrophe.
And most Republicans, including, I assume, the guy you voted for for president, fell in line behind the TARP. We are all socialists now.[/quote]
The Progressives and then Roosevelt set up the system. They made a whole lot of people dependent on government. Expecting ANY president to stop that freight train is simply not rational. Look what happened to Bush when he tried to tweak, just tweak, the Social Security system. OMG, the Dems went nuts, telling the cattle that ‘Bush wants you to eat cat food!’ or ‘Bush wants to take away all your medicines!’. Remember what many black conspiracists thought about Katrina: ‘Bush wants you to die! He made those levees weak on purpose!’
Nope, we have to have an utter and complete collapse before a new society can be born, hopefully one that’ll listen to Ayn Rand and similar, and not Barney Frank and that scum Al Franken.