If the bailout package is able to successfully revive the US economy then the US government should cut spending on the bailout.
But some financial experts feel this 700 billion may not be sufficient. If what they predict becomes true then the government would have to pump in more cash into the bailout package.
This bailout cannot be left in midway because the future of the world and US economy lies predominantly on this bailout and people are hoping that this works out successful.
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
Yes and no. Completely out of "financial trouble"- well probably not. The intent is to restore the credit markets through mortgage backed security purchases. Obviously, the approach is controversial. See Wikipedia for Bailout deal with many links.
In 1998 alone, the US spent an estimate $35.1 billion on the Nuclear Weapons program. Before that, spending on the program exceeded $40 billion, and the spending on the program is expected to rise.
Fiscal policy
Fiscal policy
Reagan's plan for tax and spending cuts was called Reaganomics, which aimed to stimulate economic growth through reducing government regulation, lowering tax rates, and cutting government spending.
Mandatory spending - Spending that the Government must spend. Discretionary spending - Spending category through which governments can spend through an appropriations act.
$49.4 billion. $19.4 billion before bankruptcy and another $30 billion to fund GM through it. See the link below.
Fiscal policy
Fiscal policy is a way in which the government can attempt to influence economic activity through spending and taxation. By either increasing spending or decreasing taxes, the government is often attempting to stimulate economic activity during times of recession. By decreasing spending or increasing taxes, the government is trying to slow down economic activity during times of inflation.
the federal reserve banks
In 2009 the Federal Government spent $17.4 billion on NASA. This translates to only one-half of one percent (0.5%) of all federal spending. Most Americans spent less than $9 on NASA through personal income tax in 2009.