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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (29639)9/25/2008 10:57:38 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
"I think that's only true in nominal rather than real terms."

Correct.

I'm fairly sure that he was only referring to the ORIGINALLY BUDGETED amounts for the Reagan/Bush era Savings and Loan federal bailout.

(Once all the interest costs on that borrowed money get added in --- over the many years it takes the federal government to pay down that original slug of extra borrowing --- I'm sure the final price tab to the American taxpayer was much higher.)

Just as it ALSO will be very much higher than the '$700 Billion to 1.2 Trillion dollar amounts that have been bandied about publicly by administration officials.

Much, much higher.
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