The $3.5 Trillion Gift

At simple interest of just 3% the Wall Street and bank bailout package incurs $287,687,232 in interest per day. Not a nickel towards repaying the principal - just interest. $287,687,232 in interest per day. Get your mind around it: 3,000 people, laboring for a year, each paid $90,000 annually, is equivalent to one day of interest on the bailout package. Take those same 3,000 people and tax them at 40%. That’s $36,000 each to be put toward one day of interest. It would take them 2-1/2 years to pay one day of interest. What about all of the interest and all of the principal? Let’s assume these same 3,000 people give up all of their earnings to the government. It would take them 1.6 billion years to pay off the principal and interest IF we stopped counting interest after just 10 years.

Another way of looking at is that every man, woman and child in the United States, all 300 million of them, legal and illegal, just got stuck with $11,666 in new debt. That’s right. Each and every one of them gets to pay this off. Oh, but it won’t really work that way. No, that wouldn’t be fair. Only the top 5% of taxpayers will be handed the bill. That means fewer than 3.8 million people will pay nearly $5 trillion, once interest is figured in, over the next 40 years. It works out to about $1 million per person. That’s in addition to current government expenditures, the existing government debt, bonds, and whatever else President Obama cares to hand out to constituents.

And so far, not a word, not a peep, about any indepth investigation or analysis as to how, when, where and by whom was this mess engineered.