The US Government is now on the hook for $7.7 trillion in bailouts and guarantees trying to stave another Great Depression [source]. Mathematically, the government’s scheme cannot work. Bailout Costs in Perspective World War II cost about $2.1 trillion in 1990 dollars, which I calculate to be $3.5 trillion in 2008 (assuming 2.8 percent inflation over the period.). (
The Government Can't Cover Its Checks
The Government Can't Cover Its Checks
The Government Can't Cover Its Checks
The US Government is now on the hook for $7.7 trillion in bailouts and guarantees trying to stave another Great Depression [source]. Mathematically, the government’s scheme cannot work. Bailout Costs in Perspective World War II cost about $2.1 trillion in 1990 dollars, which I calculate to be $3.5 trillion in 2008 (assuming 2.8 percent inflation over the period.). (