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Is the taxpayer bailout from an accumulated fund or from future tax paid?
PhilLittle
All government expenditures, including the bailout, come from the US Treasury.
The US Treasury takes in tax money. If that is not enough to pay the bills (including the bailout), then the Treasury borrows additional money.
Think of the Treasury as a big pile of cash. When you pay taxes, they throw your money in the pile. When they borrow money, that gets thrown in the pile, too. When they spend money, whatever is on top of the pile gets taken off and sent to whoever the money is owed to.
The Treasury has not been taking in enough money to cover regular government expenses for the last eight years, let alone to cover the bailout. They borrow the rest. Politicians have not addressed the question of how they are going to pay back all the loans.
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