[lbo-talk] Bailout Total: $29.616 Trillion Dollars: Government Accounting Office says $16 trillion

[Dennis Redmond]

On Mon, Dec 12, 2011 at 5:51 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:


>> Nomi Prins has the latest numbers here:
>>
>>
>> http://www.nomiprins.com/storage/bailouttallyoct2011CLEAN%20NO%20FORMULAS.pdf
>>
>> $9.2 trillion total bailout, but much of that was guarantees, not
>> expenditure.
>
>
> I don't get it.

The total bailout was $3 to $4 trillion, the rest was a theoretical
backstop for theoretical wealth.

Still outrageous. But the numbers matter, because they're being used
to witch-hunt deficit spending and Big Government, which are the only
things which will get us out of the crisis.

-- DRR