All but 240,000,000,000

Posted on October 18, 2012 10:00 am

The president said recently that “we got back every dime we used to rescue the financial system.”

Same day he said it, the Congressional Budget Office reported the bailout had cost $24-billion.

So, 24-billion dollars weren’t recouped. But all the dimes were.

Should’ve spent more dimes. Or fewer dollars.

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6 Responses to “All but 240,000,000,000”

  1. Buttercup says:

    “Brother, can you spare a dime?” Apparently not. The government wants all their dimes back. Fatty wads of bills, though…they just throw them around. No need to repay those. I’m going to start asking, “Brother, can you spare a G note?”

  2. Jimmy says:

    Basil, to this government, that’s petty cash. Besides, we’re supposed to be thankful that the too-big-to-fail banks were saved and no one has gone to prison.

  3. Grammie says:

    I think your number is too small. That’s a lot of zeros created by the biggest zero but I think you need to add one more zero to make 24 billion.

  4. Basil says:

    Actually, I had one too many zeros to show the number of dimes in $24-billion.

    Math is hard. Just ask a Democrat.

  5. NO_MO_BAMA says:

    He didn’t say WHO got it back, he meant “we” as in HE and the rest of his kind in “campaign contributions”

  6. Manolo says:

    Frankly, the mere fact that the federal government recovered 10 cents of every dollar it wasted is refreshing because we typically get a recoupment rate of 0:1. Bernie Madoff got 150 years in prison for making just $18 billion disappear. To be fair, for all the money he made disappear shouldn’t Mr. Obama get 1,500 years?

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