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Casey Research, of Vermont, has analyzed the costs of the government bailouts of the housing crisis, the credit crisis and others and has concluded that the total is $8.5 trillion, which is more than the cost of all US wars, the Louisiana Purchase, the New Deal, the Marshall Plan and the NASA Space Program combined.
According to CRS, the Congressional Research Service, all major US wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, the invasion of Panama, the Kosovo War and numerous other small conflicts), cost a total of $7.5 trillion in inflation-adjusted 2008 dollars.
Originally posted by projectvxn
reply to post by Europe
We're talking in the Trillions here. Not a measly 5 billion. Please re-read the article and review the chart I posted.
This stimulus bill will be the FINAL DEATH BLOW to our economy. Recovery after this treasonous bill 2 will be virtually impossible
WASHINGTON -- Government officials seeking to revamp the U.S. financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health, according to people familiar with the matter. President Barack Obama's new administration is wrestling with how to stem the continuing loss of confidence in the financial system, as it divides up the remaining $350 billion from the $700 billion Troubled Asset Relief Program launched last fall. The potential size of rescue efforts being discussed suggests the administration may need to ask Congress for more funds. Some of the remaining $350 billion of TARP funds has already been earmarked for other efforts, including aid to auto makers and to homeowners facing foreclosure.
Oh and on top of this they'll be getting your stimulus check too, since most people will be using it to pay off their debt.
There appears to be general misunderstanding by people in general as to the difference between a natural person and an artificial person. This document will explain that difference.
A municipal corporation is an artificial person, as shown above, and consists of the general inhabitants called citizens, and these artificial persons (citizens) were created by the legislature, not by God. A corporation can be a citizen itself,