Friday, November 05, 2010
Thirteen Trillion
Matt Taibbi via tristero.
With the $13-plus trillion we are estimated to ultimately spend on the bailouts, We could not only have bought and paid off every single subprime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country-and still have had enough money left over to buy a new house for every American who does not already have one.
That, of course, would have been teh socialism, so our taxes instead went to pay bonuses to the people who created the problem in the first place.
With the $13-plus trillion we are estimated to ultimately spend on the bailouts, We could not only have bought and paid off every single subprime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country-and still have had enough money left over to buy a new house for every American who does not already have one.
That, of course, would have been teh socialism, so our taxes instead went to pay bonuses to the people who created the problem in the first place.
