Cost Of Bailouts Surpasses Price Tag Of Every War America Has Ever Fought

Of course, Social Security and Medicare and Medicaid did that a long time ago individually, though we never hear anyone talking about that.
Which doesn’t justify the bailouts, but certainly puts the overall problem with government spending into perspective.

The total value of the bailouts undertaken by the federal government in 2008 now exceeds the combined cost of every major war the United States has ever engaged in, according to a comparison of war costs calculated by the Congressional Research Service (CRS) and the value of the bailouts as calculated by Bloomberg News or Bianco Research.
According to CRS, all major U.S. wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, but not the invasion of Panama or the Kosovo War), cost a total of $7.2 trillion in inflation-adjusted 2008 dollars.
According to Bloomberg, the federal government has made commitments worth a total of $8.5 trillion in the bailouts of 2008. That includes actual expenditures as well as loan and asset guarantees.
Bianco Research puts the total value of the bailouts at $8.7 trillion.

All because gigantic corporations have enough paid-off politicians in Washington to ensure that no matter how poorly they run their businesses they never, ever have to worry about going out of business.
And just remember, this figure doesn’t include the $850 billion “economic stimulus” spending Obama and the Democrats have planned, an amount that would represent an increase in spending equivalent to 5% of our GDP.
Hold on to your bank accounts, folks. This is going to get worse before it gets better.