The government's top bailout watchdog says that the total price tag for federal support stemming from the financial crisis could reach $23.7 trillion.
Neil Barofsky, the inspector general for the Troubled Asset Relief Program, in his prepared testimony to the House Oversight and Government Reform Committee, notes that the TARP -- which started as a $700 billion bailout -- has expanded well beyond that figure.
"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable. If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure." [pc blk indent-rtl bold red]
[And this before government health care.]
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