Bailout Bill Price Tag: $1.8 Trillion (and counting)
By Mike Adams, October 3, 2008 | Key concepts: Wall Street, Financial news and Government spending
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The real cost of the bailout bill isn't merely $700 billio as was initially guessed. Nor is it $850 billion as lawmakers told us. In all, the bailouts could cost us $1.8 trillion or more. And it also funded a provision giving IRS agents "secret police" status to spy on Americans and entrap them in illegal tax schemes.
From News.cnet.com: On Friday, though, the House approved a far bigger, broader, and beefier version of the bill--which has ballooned to a remarkable 442 pages. The vote was 263 to 171, with the bulk of the opposition coming from Republicans. Because the Senate already approved the measure, it immediately went to President Bush, who signed it into law.... more
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