Archive for September, 2008

Cost of the Bush Administration to the American Taxpayer (So Far)

Published by Seamus September 23rd, 2008 in Uncategorized. 0 Comments

$5.4 TRILLION (as of 9/22/2008)
Interesting that even with those “tax cuts” that average American is still out of pocket over $18,000.

Item

Total Estimated Cost
Per Person

Iraq
estimated*
$2,400,000,000,000.00
$8,000.00

Tax Cuts
estimated**
$2,084,295,510,000.00
$7,017.83

Bear Stearns

$30,000,000,000.00
$100.00

Fannie Mae/Freddie Mac

$200,000,000,000.00
$666.67

AIG

$85,000,000,000.00
$283.33

Mortgage/Bank Bailout
estimated
$700,000,000,000.00
$2,333.33

$5,499,295,510,000.00
$18,401.16

*Congressional Budget Office, 2007

**Citizens for Tax Justice, “99% of Americans Are Net Losers Under Bush Tax and Spending Policies”, June 29, 2006

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