Bailouts Now Totaling $10.8 Trillion

Bailouts Now Totaling $10.8 Trillion

Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes

This morning I heard a report on CNN and was blown away by the numbers.

The total amount that we've borrowed since 2008 in all the bailout plans so far amounts to a RIDICULOUS $10.8 TRILLION!

Check this page out for the breakdown:
Economy rescue: Adding up the dollars

All of this debt on top of our $10 Trillion Debt puts us somewhere around $20 Trillion, unless I'm missing something . . .

I think Zimbabwe is printing Trillion dollar notes now. Maybe they can float us a loan?

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  • Real Estate Investor · Wyoming, MI · Member since 2008 · 195 posts · 10 votes
    17y

    that's like 31,000 Dollars PER SECOND in interest that could be earned on that money.

    we need a national lottery that starts at 1 billion dollars..to raise money to pay the debt

  • Real Estate Consultant · Member since 2008 · 792 posts · 30 votes
    17y

    Obama said the other day that he has no intention of nationalizing banks. Now a few days later they’re talking about taking an even larger stake in Citibank that would be just short of nationalization.

    I sincerely believe that he makes promises or statements, with excuses for not following through, planned before he has even made the promise or statement.

    He is toxic and pathological.

  • OR · Member since 2008 · 1k+ posts · 845 votes
    17y

    {{{......Statistics show us that the average American will not save that money. So it would be safe to assume it would be spent on Plasma TVs, Ipods, cars, clothing, shoes, food, entertainment, ect.......}}}}}

    Yes, excellent economic stimulus for China--- solve all their problems

  • Real Estate Investor · San Antonio, TX · Member since 2008 · 553 posts · 20 votes
    17y

    P Nw,

    I think the idea is if we keep buying their crap they will continue to give us loans!

  • Lender · Cupertino, CA · Member since 2008 · 11 posts · 0 votes
    17y

    The economy crashes and burns well before quadrillion!

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