The Cost of the Crisis: $23 Trillion

Axis of Right ^ | 7/21/2009 | Sal

[SalAOR]

The events of the last year have produced a flurry of legislation so complex, and debated and passed so quickly, that most of the citizenry (not to mention the members of congress) have no idea what the government has passed and how much we are spending. Enter Neil Barofsky. Barofsky is an economist who also happens to be the special Inspector General for the Troubled Asset Relief Program (TARP). In his report to Congress yesterday, he outlined that the cost allocated to all of the programs passed to deal with the economy, including those by the Federal Reserve that did not require an act of congress, is $23 Trillion dollars. Now, Barofsky did not say that we had spent or would spend that amount of money, but that we could approach that amount if we spend all that was allocated (have you ever known a federal agency to practice fiscal restraint?).

$23 Trillion dollars. To put that into perspective, that is nearly double America’s current Gross Domestic Product, which is currently about $14 Trillion. That means the government is spending almost double what we produce as a nation in a year just on the economy.

[Signalman]

Obama doesn’t care. In fact, IMO, his ultimate goal is to cause complete financial chaos, thus making the populace increasingly dependent upon the government for medical care, employment, housing, transportation, etc. etc. The Left’s dream of a Socialist Republic is coming to fruition. Unless of course, this despot can be stopped.

[allmost]

These numbers are absolutely insane. The government generally upwardly revises total costs as well. It could even higher.

[XD45]

aprox $75,000 for every man, woman & child in america. how’s that hope & change working out for you now?