Page 3 - 788 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The original bail-out was $788 billion. that was for us. then maybe $1.5 trillion. then $3 trillion. the speculation now, nobody knows, but they think our bail-outs of us could be upwards of $20 trillion. they're just charging it. you don't even know. what are the final answers here? where are we headed? what are we doing? now we're doing it globally. what happened after we gave the money to greece? this bothers me. the market crashed. and now i get up this morning and i read that credit default swaps are at a high. well, most people don't ep know what a credit default swap is. that's when the...

Services by the u.s. government was 33.4% of total federal government expenditures and today it's 61.3%. entitlements are causing us to go broke. if you look here, it's a share of total spending. if you look at this here, we have defense, 20% social security, 19%. medicare, 13. medicaid, 8%. this is unsustainable. in less than six years the federal government will be paying out more in social security benefits than the taxes that it takes in to fund it. our social security administration is getting $788 billion in fiscal year 2011. that breaks out to $6,500 per u.s. household. you write a chec...