Special inspector says Treasury is keeping taxpayers in the dark!
WASHINGTON - July 21, 2009 - "The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system.
Yes, $23.7 trillion.
"The potential financial commitment the Amerikan taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa (R-Kalif.), ranking member on the House Oversight and Government Reform Committee.
"If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion - $23.7 trillion is a staggering figure."
To be sure, we aren't there yet.
The government has about 50 different programs to fight the current Depression, including programs to bailout ailing banks and automakers, boost lending, and beat back the housing crisis. So far they've cost taxpayers around $4 trillion.
Yes, $23.7 trillion.
"The potential financial commitment the Amerikan taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa (R-Kalif.), ranking member on the House Oversight and Government Reform Committee.
"If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion - $23.7 trillion is a staggering figure."
To be sure, we aren't there yet.
The government has about 50 different programs to fight the current Depression, including programs to bailout ailing banks and automakers, boost lending, and beat back the housing crisis. So far they've cost taxpayers around $4 trillion.
