Taxpayer Bailouts : The Lie You Need To Know
I have an issue. A problem, a concern. A nag. It’s an itch, and I just gotta scratch it.
It’s this. America, the UK and Iceland have all been bailed out by the taxpayer. You see it and you hear it: “Taxpayer to pump billions of squidoos into financial system” etc.
Except it’s a bald and blatent lie. The USA’s bailout was $700bn. The UK’s bailout has been estimated at $400bn. Iceland is more tame, at about $5.4bn.
