Monday, September 22, 2008

Bailout Cost Per Person

Not hard math, but I decided to see how much the bailout was going to cost per American Citizen.  The bailout will be roughly 700 Billion and there are roughly 300 million people in the country.  700 Billion / 300 Million = $2,333 per person.  And its even worse than that because not everyone pays taxes.  Consider a 4 person family with one bread winner.  That would mean that one worker owed $10,000!

I realize its not that simple, but it seems a good enough approximation to demonstrate just how much money is being spent.  However, this doesn't see as much when you see that the total per person debt from the government is around $37,000.

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