Wednesday, December 31, 2014

Some Of The Last Economic News Of 2014 - US Lost Billions On Auto Bailout

Depending on who you ask, the United States Treasury, meaning you the taxpayer, lost either $9.3 Billion (with a B) or $16.56 Billion, depending on how you do the accounting.  Under Government accounting rules it's the $16.56 number that counts but the administration is touting the $9.3 Billion dollar figure.

In Government-speak, losing $9-$16.5 billion in a transaction is a resounding success.

1 comment:

Old NFO said...

That's truly scary... No wonder we're getting our budgets cut...