900 Billion in one year!? Wow, at that rate we would be able to get rid of the national debt in no time.
I’d probably spend 50 million just to manage the money, since we can’t manage that 700 billion being doled out already.
(via A Visual Guide to the Financial Crisis:The Bailout)
What do you do if you don’t have the money to pay a debt? If you are like most of us, you borrow. The US Government is no different. In order to pay for the $700 billion bailout, it will have to borrow more money, increasing the national debt. But who will pay for this massive bailout? If you are a US taxpayer, you will.
Here is a visual guide to understanding how the bailout is funded and a couple of financial experts’ take on how it could be funded.
Source:10 Ways to Bail Out Wall Street (and Main Street) Without Soaking Taxpayers in Debt
For more personal finance visualizations see: WallStats.com
