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

September 23, 2008

$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