Bailouts top $23 trillion
This is possible cost of the 50 bailout programs. $23.7 trillion and the US is committed to this! Neil Barofsky, special inspector general for the Trouble Asset Relief Program (TARP) announced this little tid-bit of information. Darrell Issa of California, a ranking Republican on the House Oversight and Government Reform Committee pointed out that spending a billion dollars a day back to the birth of Christ would have added up to only $1 trillion.
This is more than the cost of sending a man to the moon. Almost twice the yearly gross domestic product of the entire United States of America. So why are the bailouts costing so much and where is it all going? Will America be able to survive?
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