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).

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.

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

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

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

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.

[...] [The Wall Stats] [...]

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?……

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.

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.

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.