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Author Topic: Big money! Big prizes! I love it!  (Read 2133 times)

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Offline Happy Fun Ball

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Big money! Big prizes! I love it!
« on: July 21, 2009, 06:37:47 AM »
From ABC News

Quote
$23.7 Trillion to Fix Financial System?
In New Report, Neil Barofsky Says It's Possible Government Could Spend $23.7 Trillion to Fix Financial System

By MATTHEW JAFFE
July 20, 2009 

Sitting down?

In a July 2009 report on government efforts to fix the financial system, Neil Barofsky, the special inspector general for the TARP, says total government support has the potential to reach $23.7 trillion.
(Brendan Hoffman/Getty Images)"The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a new report obtained Monday by ABC News on the government's efforts to fix the financial system.

Yes, $23.7 trillion.

"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee. "If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure."

Granted, Barofsky is not saying that the government will definitely spend that much money. He is saying that potentially, it could.

At present, the government has about 50 different programs to fight the current recession, including programs to bail out ailing banks and automakers, boost lending and beat back the housing crisis.
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Offline DumbAss Tanker

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Re: Big money! Big prizes! I love it!
« Reply #1 on: July 21, 2009, 08:48:30 AM »
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Yes, $23.7 trillion.


Jesus F. Christ.

 :fuelfire:
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Offline Happy Fun Ball

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Re: Big money! Big prizes! I love it!
« Reply #2 on: July 21, 2009, 08:53:39 AM »
Quote from: DumbAss Tanker on July 21, 2009, 08:48:30 AM


Jesus F. Christ.

 :fuelfire:
And when all that inflation hits because of all of this spending, that $23.7 trillion could be $237 trillion.


If we're lucky...
« Last Edit: July 21, 2009, 08:57:54 AM by Happy Fun Ball »
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Offline NHSparky

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Re: Big money! Big prizes! I love it!
« Reply #3 on: July 21, 2009, 09:06:39 AM »
Did we all just fall asleep and elect Mugabe while nobody was watching?
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Offline JohnnyReb

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Re: Big money! Big prizes! I love it!
« Reply #4 on: July 21, 2009, 01:53:24 PM »
Quote from: NHSparky on July 21, 2009, 09:06:39 AM
Did we all just fall asleep and elect Mugabe while nobody was watching?

No.....just one of his bastard children.
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Offline miskie

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Re: Big money! Big prizes! I love it!
« Reply #5 on: July 21, 2009, 02:13:28 PM »
Quote from: Happy Fun Ball on July 21, 2009, 06:37:47 AM
Big money! Big prizes! I love it!

Looks like someone has played way too much SMASH TV !   :-)
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Offline Happy Fun Ball

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Re: Big money! Big prizes! I love it!
« Reply #6 on: July 21, 2009, 02:14:25 PM »
Quote from: miskie on July 21, 2009, 02:13:28 PM
Looks like someone has played way too much SMASH TV !   :-)
Heh, I was hoping someone got that.
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