The Cost of Government Failure

I found some interesting information about the total Bailout cost, and I haven’t seen it posted (yes I searched). On money.cnn.com they have a tracker for the total cost of the bailouts. CNN LINK TO LIST

The bottom of the page is the most interesting. $2.8 Trillion already spent, $11 Trillion committed. Our GDP for 2008 was around $14 trillion! This is insane. This is how much it is going to cost for our government to fund failing projects.

That is the key point. It won’t work the way they say it will and we are dumping trillions of dollars into a black hole. Why is it the role of the government to bail out failed companies or pay for terrible investments? Why? Because they said so, that’s why.