Government Bailout Mathematics

“A billion here, a billion there, pretty soon it adds up to real money.” 

That is an expression misattributed to former U.S. Senator Everett Dirksen (1896-1968).  He claims a newspaper man misquoted him, but it sounded so good that he never denied it.

The saying, in spite of its origins is dead-on accurate in its cynicism, and is a great indictment of the attitude present in our government and the way it spends money, most often wastefully.  Witness the current government bailout, that apparently is not working as originally intended, and will now be redirected away from the so-called “mortgage crisis.”  Congressional and administration mismanagment of this mess is nothing short of remarkable.  And it is almost impossible to think that the incoming congress or administration will do any better. 

As for how the bailout figures were arrived at in the first place, and how they are now being doled out…this is a glimpse at how the calculations were and are being made.

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