$8 Trillion for the Financial Bailout. Nice Holiday Gift.
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As if we needed any more evidence that this financial bubble is one for the history books.  The government has now committed the American taxpayer to roughly $8 trillion.  We’ve already used up over $2 trillion and the risk is absolutely amazing.  Can you believe the state of California is now a higher credit risk than Slovakia?  Yes we are now going off into unknown territory. Take a look at this disturbing graph from the New York Times:
*Source:Â New York Times
Troubling indeed.
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