$700 Billion bailout… so who's paying?

$700 Billion bailout… so who's paying?

Posted on 25. Sep, 2008 by in economics, government

So the Gov’ment is on a shopping spree.  Well like all post shopping hangovers, the bill can be quite sobering.  So here is a little graphic to explain just who is paying for this bailout and how much.

Did someone order a $700 billion bailout?

The data and forumlas used were crafted when I was doing research on the “Who pays?” section of the Death and Taxes poster.

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15 Comments

  1. Javier, September 28, 2008:

    So can we expect a new death and taxes wall chart for fiscal year 09′ very soon? I hope so, it seems that this is going to make a very complicated and interesting budget for next year. Does it mean that the one you made allready for 09′ is shot, will have be retouched or still useable? Anyway keep up the good work, I would really like to buy a copy of your work (if only I could afford it).

  2. Jess, September 29, 2008:

    The current chart is of the 09 fiscal year. The next chart for the 2010 fiscal year will be release next April. The President releases the budget request a year in advance so it can be debated and such. It doesn’t go into effect until October.

  3. Scott, September 30, 2008:

    It’s annoying, sure. But on the up-side, the value of gold and silver are booming. ;)

  4. Anna Lee Court, October 1, 2008:

    Jess — This is a shocking and interesting way to present the consequences of the “bailout”. Am I unduly influenced by the government if I believe that this bad deal is necessary, though? Help me out here.

    Anna Court

  5. Kay Mason, October 5, 2008:

    Thank God for the ” Rising of the Red Cross”!

  6. Jess, October 6, 2008:

    It is truly hard for lay people to get realiable information these days. With almost a a trillion dollars in play, everyone becomes a special interest, including the media.

  7. John, November 7, 2008:

    You are not including the residual value of the assets we are taking over and preferred stock in the companies we are getting in return. This is not a blanket giveaway as you allude to. Now the probability of seeing a return will be minimal as the President and Congress will undoubtedly use this to pass along to political favors to liquidate the governments assets in these investments at .10 on the dollar with the difference going to the political croney. Same old song. In the end we all get hosed.

    But in summary $2800 to prevent a 25% drop in my 401K?……

  8. Jess, November 7, 2008:

    I see your logic. But keep in mind that $2,800 is for the average tax payer who earns around $42k a year. If you earn more you will pay more. Though your 401k is likely more as well.

  9. RW, November 9, 2008:

    I would call it $2,800 plus the additional cost/s that the companies are going to pass along to me — they’re not going to eat them, I’ll be paying their share also. I.e., if I buy Coke and the cost is now $1.45 instead of $1.25, I have an additional $0.20/soda that I’m paying for the bailout.

  10. Bunk Salas, December 1, 2008:

    And then what you have is a weaker nation who cannot cope with China or Russia. But the punishment is deserved, we have abused the capitalist system. Now It´s time to become more socialist and we cannot do anything about it. Blame Greenspan and Rubin. And Bush.

  11. Anon, June 16, 2009:

    I think your art and graphical interpretations are very interesting, but would appreciate a less ideological bent. As an example, the graphic in this post seems critical of the 2008 efforts to slow the financial crisis (which I agree should be criticized), but I find the more massive spending proposals of 2009 don’t get the same treatment. As an example, the Kennedy health plan alone (proposed this week ~6/16/09) is estimated by the CBO to increase the deficit by $1 trillion over 10 years and result in a net decrease of 16 million uninsured people. Surely these proposals are worthy of criticism too.

  12. iamdandy, April 10, 2010:

    This was halarious! I needed a good laugh- thank you for that.

  13. test, August 1, 2011:

    Seems as if it’s finally going to warm up again … It truly would be a wild winter this coming year all over the county. Is seems almost like spring time won’t come subsequently.. Getting excited about the summer months months ahead .

  14. couple pendant, November 10, 2011:

    Many thanks for showing such interesting, dependable, educational and as well as fun tips on this topic to Mary.

  15. Alison Inhulsen, January 8, 2012:

    Wow, awesome weblog structure! How long have you ever been running a blog for? you made running a blog glance easy. The total glance of your site is fantastic, as smartly as the content material!

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