Sunday, April 5, 2009

"Estimate says bailout will cost taxpayers more"

"Bailing out the financial sector will cost taxpayers $167 billion more than originally anticipated, according to a Congressional Budget Office estimate.

The original figure in January was $189 billion, but it is now $356 billion — $152 billion more for 2009 and $15 billion more next year, the CBO says in its March report updating the budget and economic outlook."

Is anyone surprised? Isn't that what the critics predicted?

No comments: