May 11

image thumb16 Where part of your money goes

This isn’t the whole picture. In pure cash terms, trilions are in boxes not shown and paid out to TARP, Fannie Mae, GM and other “off the books” fiscal activities.

Also, not shown, is a box roughly 50 TIMES bigger that represents obligations not backed by savings.

It won’t end well. Obama’s not here to help, just to allocate pain away from his donors.

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