Bailout Costs Will Top $10 Trillion
Posted on February 18th, 2009 by Dr. Bruce
A quick note to let everyone know that I have updated some financial figures on “The Real cost of the Bailout.” You will be stunned when you see how this thing is spiraling out of control.
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Filed under: Christianity
Man.. I still don’t see how it’s a “bail out” if our government is spending billions of dollars, it’s just going to put us more into debt… Current debt: $10.8 Trillion http://www.treasurydirect.gov/NP/BPDLogin?application=np
This is distressing news!
It seems that our politicians are forcing our country into bankruptcy, spending what we simply do not have.
So many people lost tens of thousands of dollars over the past few months as retirement accounts plunged and home values dropped. Many small businesses no longer have the customer base to count on and have cut back accordingly.
Where will Obama get the money from? He has no idea how financial matters really work and his advisers are offering him information based on a model when the times were good as well as on fantasy.
God help us!