Friday, September 19, 2008

Running from-or out of- zeroes

The proposed Federal bail-out of US financial and investment markets is estimated to have a cost of $1 trillion dollars.  That's a million billions, right?

For comparison, the 2007 total budget was $2.8 trillion.

Let's forget that the trillion dollar figure is a Friday estimate: next Friday, and next month, it's likely to be much higher.  And never mind the big automakers who've already asked for their share of the Federal bail-out pie, too.

I'm still waiting however, to hear how that trillion dollar bail-out debt breaks down per person; what's the average cost per US citizen going to be?

Does that work out to about $5000 per person for every man, woman and child ...  $20,000 in new taxes for a 4-person family ... to bail-out the guys who got paid the big bucks to make smart financial decisions?

I'm steering clear of politics, but just one observation: maybe the nation's health care industry should declare bankruptcy next?