Obamanomics: OMG!!! $23.7 Trillion to Fix TARP and Financial Institutions … 23.7 Trillion with a “T”
Make sure you are sitting down and have removed all sharp objects from the area. America, is this the change you were looking for?
“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.
Dr. Evil only wanted $100 billion, … $23 Trillion
From the Gateway Pundit, Bill O’Reilly sounds the alarms that the United States is headed for bankruptcy under the big government takeover and spending under Barack Obama. How derelict in their duties is the main stream liberal media in not reporting the damage that Obama is doing to the United States? The MSM aided Obama in getting elected, now they look the other way as The One leads America down a path of financial destruction.
President Disaster will quadruple the US budget deficit his first year in office. He will reportedly spend $23.7 trillion to “fix” the economy… or bankrupt it.
I guess this is what VP Joe Biden was hinting to when he said we had to spend more money that we did not have so to avoid bankruptcy. As the Astute Bloggers state, “Throwing $23.7 billion dollars that don’t exist at it … Yeah, that wouldn’t turn dollars into less than pennies overnight. Great idea!”
“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.”
Blue Crab Boulevard asks for all Americans to pray these projections to be incorrect.
This is really appalling. No, this is insane. We could, if conditions worsen, destroy America outright with this kind of economic hit. If even one quarter of the worst case projections come true, we are in severe trouble.
Into this, the Obama administration wants to spend another huge amount on a health care “reform” that is nothing of the sort.