The Government Accountability Office (GAO) says that our government has handed out $16 trillion to the banks.
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That’s more than every penny that every American earns in a year. That’s an amount equal to almost a third of our national net worth — the value of every home, car, personal belonging, business, bank account, stock, bond, piece of land, book, tree, chandelier, and everything else anyone owns in America. That’s an amount greater than our entire national debt, accumulated over the course of two centuries.
I’ve got another post in the works about government spending, waste, and priorities. But this is good until I finish that one. Hope to hear more from Mr. Grayson soon.