Green Options » scared http://greenoptions.com/tag/scared Posts tagged 'scared' Wed, 08 Oct 2008 23:56:13 +0000 http://wordpress.org/?v=2.5.1 en Taxpayer Bailouts : The Lie You Need To Know http://inspiredeconomist.com/2008/10/08/taxpayer-bailouts-the-lie-you-need-to-know/ http://inspiredeconomist.com/2008/10/08/taxpayer-bailouts-the-lie-you-need-to-know/#comments Wed, 08 Oct 2008 23:56:13 +0000 Chris Milton http://inspiredeconomist.com/2008/10/08/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.

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