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