Sign of the Times, Part 1: Federal bailout spending now exceeds the inflation-adjusted cost of World War II, according to our friends at the Independent Institute.
Senior Fellow William Shugart says World War II cost $3.6 trillion, but the bailouts now top $4 trillion. That's actual money out of the taxpayer's pocket, as opposed to the $12.8 trillion “lent, spent or guaranteed� figure you run across from time to time, a chunk of which might eventually be repaid.
One Business that Doesn’t Need a Bailout
Sign of the Times, Part 1: Federal bailout spending now exceeds the inflation-adjusted cost of World War II, according to our friends at the Independent Institute.
Senior Fellow William Shugart says World War II cost $3.6 trillion, but the bailouts now top $4 trillion. That's actual money out of the taxpayer's pocket, as opposed to the $12.8 trillion “lent, spent or guaranteed� figure you run across from time to time, a chunk of which might eventually be repaid.
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