Friday, March 13, 2009

Bailout cost is massive

It seems our economy rescue is now up to near 12 trillion dollars. A trillion here, a trillion there and very soon you are talking real money. At this rate we will go bankrupt bailing out banks, insurance companies, ect.

The idea was that we would get the money back, because this was like a loan. OK, so we are not going to ever see that money again. My worry is that we are sinking ever deeper into depression. Quicksand is a good analogy to where we are now.

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