I have previously pointed out that "independent experts say that total government spending [for the bailouts] could rise to $20 trillion dollars."
Now, the government�s own watchdog over the various bailout efforts - the special inspector general - says that that number could be $23 trillion dollars in a worst-case scenario.
Treasury argues that that amount will not really be spent, because the worst-case won"t happen.
But given that Treasury used "worst case scenarios" for the stress tests that we"ve already surpassed, does that argument have any credibility whatsoever?
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