I was wrong. I keep saying that $ 12 Trillion of USA tax payer future monies

[truedelphi]

Has been given over to Wall Street Banksters.

On Dylan Rattigan's show, the graphic shows that $ 23.7 Trillion has been doled out to Banksters.

Sorry to have my figures so far off!

[midnight]

1. As always the rich are greatful for such a generous hand out.....

[gateley]

2. Those figures just blur in my mind -- they mean nothing to me because I

have no real concept.

[truedelphi]

3. I think of it this way - twenty three trillion would pay for

AT LEAST some 11 years of fully government funded

SINGLE PAYER UNIVERSAL HEALTH CARE FOR ALL!

With dental and vision thrown in the mix as well!

[gateley]

10. Put that way, I'm even more enraged. nt

[DJ13]

4. And we cant afford universal health care because they spent the money

Right?

[truedelphi]

5. That is exactly what I think about whenever I hear those numbers.

However paying for the expanding and never ending wars will be taken care of through sleight of hand - tax payer penalties for goofing up on mandated insurance premiums is expected to total some one hundred and sixty six billion.

The recent Congressional budget approval re: our wars was for one hundred and sixty eight billion.

[formercia]

6. That was the idea

Bankrupt the Government, both State and Federal.

[readmoreoften]

7. Only strong people have the courage to admit to such egregious errors!

:hi:

[truedelphi]

8. Thank U! Like many on DU I accredit some of my strength

To battling illness without help of the HMO or insurers that have raided my pocket.

So there is one silver lining, I guess, to the lack of health care in this nation.

[ThomWV]

9. I don't know if that number is correct or not but total national annual tax revenue is just over $1T

[truedelphi]

13. See, that is the big problem. Most Americans don't know anything about money

And pride themselves on it.

And the "System" as it is, teaches them that if they have money, to hand it over to a financial adviser. If you just put your money in a bank, you get scant return. Then the return you get is called interest and taxed. Thus a person is encouraged to offer their money up to someone else who is spending all their time figuring out the complexities of IRA's and 401 K's etc.

So even folks with money don't know about money or handle it properly.

And you are right. I would say right now the taxable monies amount to maybe 1.5 trillion
(1 trillion being from personal income tax, and then there are other fees, like immigration fees, custom fees, etc that the government gets.)

Our whole economy in a good year is thirteen trillion.

So handing over the twenty-three trillion means we are at a point where the government COULD BE liable for almost 100% MORE of its Gross National Product. And you have to ask yourself - if the guarantees were not about to be used, why would they need to be offered? Why was Geithner insistent on the Congressional approval to increase the debt ceiling from above ten trillion to the amount it stands at now?

The only other time this occurred was during one of the years during WWII. And the thing about that year was, the monies went to pay the armament makers, who in turn EMPLOYED almost every able bodied adult. My dad left for Belgium to fight, wondering how his young wife would hold on to her apartment on his meager GI salary. When he came back in spring of 1946, she had moved to a nicer place - as she had made so much as a riveter that she could afford it!

[inna]

11. $23.7 Trillion is maximum exposure.

This number has been cited in the MSM since last July (for example, http://www.bloomberg.com/apps/news?pid=20601087&sid=aY0tX8UysIaM ), so it's not exactly news.


Thanks for this thread though; I rec'd since most people are still not aware of this atrocity.


(For reference, here's my old thread on this from July:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6157811 )

[truedelphi]

12. Thanks for the info and the rec, inna. And

Let's keep our fingers crossed that the folks on Wall Street will show some ethics for once and that they NOT rig the game to maximize the guarantee take away.