Bailouts could cost $23+ Trillion... with a "T"

[TheGame]

Originally Posted by KillerGremlin

I still think this bail out was a huge mistake and America is going to slip from #1 eventually. We still have the world by the balls because of our insane military spending and our position as ambassadors of the global stage but we obviously have lots of problems at home. Shits gonna happen and sadly it looks like its gonna happen in my lifetime.

I agree with this statement, however I don't think the Bush/Obama bail outs were the start of the problems. Granted they doubled the national debt, and the deflicit is extremely high.. Before they started doing bail outs the debt was still over 5 trillion and rising. And before they did the bail outs the economy was already going down the path of being screwed.