The New York Times recently totaled up the government’s bailout tab and found that it amounts to nearly $9 trillion!!! And to think people were pissed off about the original $700 billion Paulson Plan, aka the TARP.
The total of all the new initiatives works out to roughly $75,000 per taxpayer. If you’d rather receive that amount personally or send it to a friend, you can now go to BankofObama.org and cut your own check.
Still, it might be hard to find a bank these days capable of cashing a real $75,000 check, let alone one to make good on phony government paper.
Sources:
Adding Up the Government’s Total Bailout Tab
The New York Times
February 4, 2009