Each and every American on the hook for over $23,000 in bailout money. Where will this come from?

Question

According to CNN/Money (http://money.cnn.com/2008/11/26/news/economy/where_bailout_stands/?postversion=2008112615), the current bailout total is over $7 trillion. That's $7,000,000,000,000. Taking that number and dividing it by the current US population of 301,139,947, that's over $23,000 each that the government has promised to use in order to rescue banks, housing, and manufacturing corporations. Do you a) think this is fair, b) where will the money come from if not from taxpayers, and c) do you think it will make things better or worse? John Stossel (http://www.realclearpolitics.com/articles/2008/12/government_sets_us_up_for_the.html) says it only makes the economy weaker in the long run. What do YOU think, and why?

Anonymous · Accepted Answer

Well... actually... it's up to 8.5 trillion now... it keeps growing.

According to the 2007 IRS Data Book, there are 138 million TAXPAYERS in the US. 

Had they given that money to the TAXPAYERS, they would be able to give each of us over $60,000.00


Something to think about.
.

Anonymous · Answer

We get loans from different countries. If we print extra US money, it is going to reason inflation, so we don't desire to do this. If we get money from different countries, it will enhance our financial device, yet shop our greenback incredibly sturdy. so some distance as paying it back, we form of pay it back on our time table. If the worldwide permit the U. S. flow 'bankrupt', the entire worldwide financial device might give way. different countries won't permit that ensue. Our modern economic concern isn't approximately there not being adequate money, that's that the money isn't shifting. as quickly because it gets going returned, we are able to be positive.

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Each and every American on the hook for over $23,000 in bailout money. Where will this come from?

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