Your Liability for the Bailout: $2,000 – Your Debt: $37,000
Posted by Jim Harper
[Update: New bailout text is here. Spending under the new language is likely to be roughly the same. See discussion here.]
The text of bailout legislation that might pass through Congress this coming week is circulating on the blogs (and reliable sources too . . .). I’ve taken it and done a little analysis, [...]
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Deficit Numbers from the Congressional Budget Office
Posted by Jim Harper
The Congressional Budget Office came out with a new Budget and Economic Outlook the other day. It doesn’t look good, people.
[T]he deficit for 2008 will be substantially higher than it was in 2007, rising from $161 billion last year to $407 billion this year. Furthermore, CBO’s projections indicate that if current laws and policies [...]
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