No.We.Are.Not.
The final bill will not be even close to 8.5 trillion. Maybe we will show a slight profit.
Guarantees do not represent outflow, just the potential.
8.5 Trillion sells advertising, government grants and more viewers. You figure it out.
Guarantees do not represent outflow, just the potential.
If you think we are going to recoup these trillions - or even half of it, I have a bridge to sell you.
Most of these "guarantees" consists of shoveling our money down a bottomless rat hole of depreciating debt or failing business models to try and prop up failure. All it does is put us on the hook for more when this fails, which it will.
It's like trying to catch a falling knife. It's stupid and is likely going to hurt, real bad.
Good luck trying to convince people of that when most of them don’t know the first thing about accounting.