Bailout payout tops $8 trillion

by thoughtfulconservative

From Politico.com,

It’s a package of about $8.7 trillion dollars’ worth of potential taxpayer commitments for loans, guarantees and other bailout goodies for businesses and distressed homeowners.

Wow. That’s a lot. But there’s good news,

There is a bright side, sort of. Only about $2.9 trillion of the government money, loans and guarantees have actually been spent or committed.

That’s a relief.

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