Tuesday, February 10, 2009

Yeah, Its Just What You Thought

How about just a minute or two of perspective?
Amount to bailout AIG - at least $85 billion
Amount to bailout Citibank - at least $45 billion
Amount to bailout Bank of America - at least $45 billion, with guarantees on $118 billion in loans
Amount the Bush administration overpaid for bailed-out bank assets - $78 billion

Proposed cuts to President Obama's economic stimulus bill by 20 "centrist" senators:
$1.1 billion to Head Start
$24.8 billion to states for budget shortfalls in education programs
$15 billion to states for additional education funding
$2 billion to Child Care Development Block Grants
$150 million to funding for programs in the Violence Against Women Act

Oh, and, hell, let's just throw this in:
Amount of just two years of George W. Bush's tax cuts: roughly $500 billion (adjusting for interest). Two-thirds of that came from tax cuts on the top 20% of wage earners.

(Note: this leaves out the cost of operations in Iraq because, well, does it need to be said?)


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