Tuesday, February 03, 2009

Wasteful Spending in the Bailout Package

CNN provides the GOP list of wasteful spending from the Bailout Package today.

In it, Republicans provide a total of 32 items they've deemed wasteful, for a total of $19 billion (19,090,500,000, to be exact).

It's good to know that in the roughly $800-900 billion bailout, only $19 billion - 2.4% by the most conservative estimate - is enough to make the GOP try to vote it down, despite the remaining 97.6% being perfectly fine, not wasteful in the slightest. Sphere: Related Content

3 comments:

Connor said...

It is kind of dumb to complain about such a small percentage of such a large and completely wastful expenditure.

Really it goes to show how little Republicans and Democrats truely differ. A choice between them is as insignificant as the money they're whining about.

Rhology said...

"Only" 19 billion. That's part of your problem. It's 19 friggin' billion!!!

Gamelot said...

Rhology, I think you missed my point - we needed a huge bailout, but the Republicans were effectively quibbling over nothing, by comparison to the overall sum. They didn't seem to have a problem with the other 780 billion of spending. Yeah, 19b is a huge amount, but it pales in comparison to the big picture.

Connor - exactly.