Wednesday, May 20, 2009

You owe your life to the bailouts

The nation’s gross domestic product was $14.2 trillion in 2008.

The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year!

Every American household is on the hook for $109,887 for these bailouts.


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