Bailouts could cost $23+ Trillion... with a "T"

[manasecret]

So what does this really mean? For all I can tell the article is a political sensational headline.

Has $23 trillion actually been spent? Apparently not, only "less than $2 trillion" (obviously not that much...).

Is there actually a chance $23 trillion will be spent? What is the actual amount that will be spent? What can be done to bring that number down? What exactly is costing so much money? Are they including any money that can be recouped, such as the TARP money being repaid or Chrysler and GM being sold back to the private sector?

All this article has is a big headline so everyone can comment below how Obama is destroying America (just like every president before him has, or so I imagine there has always been some people who the president is).

[Professor S]

Originally Posted by manasecret

So what does this really mean? For all I can tell the article is a political sensational headline.

Has $23 trillion actually been spent? Apparently not, only "less than $2 trillion" (obviously not that much...).

Is there actually a chance $23 trillion will be spent? What is the actual amount that will be spent? What can be done to bring that number down? What exactly is costing so much money? Are they including any money that can be recouped, such as the TARP money being repaid or Chrysler and GM being sold back to the private sector?

All this article has is a big headline so everyone can comment below how Obama is destroying America (just like every president before him has, or so I imagine there has always been some people who the president is).

I thought the article was pretty clear. Their bailout could cost 24.7 trillion, and it was even clarified that that money has not been spent. It's still quite frightening that this amount of money has been made AVAILABLE to be spent, an absurd amount.