http://www.philly.com/inquirer/business/20081104_Bailout_will_bring__918B_in_U_S__debt.html
Read this article from the Philadelphia Inquirer. The election is now over and here comes the news that they wouldn't release before the election. The government is going to borrow $918 billion in the next few months to finance all the bailouts. The government is projecting a deficit of $988 billion for the current budget year, which began Oct. 1, would be more than twice the record $454.8 billion set for the budget year that ended Sept. 30.
From Bloomberg - Fed Defies Transparency Aim in Refusal to Disclose
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide
Nov. 10 -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
The new additions to the AIG Bailout bring the total of that bailout to $150 billion (up from $85 billion) and the total of Federal Bailouts to $2.044 trillion since June. You can read about this at our sister site "Common Sense and Clear Thinking." http://commonsenseandclearthinking.blogspot.com/2008/11/lets-add-this-up-2129-trillion-and.html
