Posted tagged ‘Bernard Madoff’

Can the Government Give Itself a Bailout?

December 21, 2008

Looks like the federal government is going to need a bailout of its own pretty soon. According to this Associated Press article, ultra wealthy investors who lost fortunes in┬áBernard Madoff’s alleged Ponzi scheme could end up costing the government some $17 billion in lost tax revenue.

Who is Obama going to tax now to fund his multi-hundred billion dollar “recovery” plan?