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Bailout Won't Boost Deficit

Government would be buying assets, which are worth something

By Will McCahill, Newser Staff

Posted Sep 26, 2008 7:34 PM CDT

(Newser) – The $700 billion bailout plan won’t have a big immediate impact on the US budget deficit, Phil Izzo explains in the Wall Street Journal, because the government would be buying assets that have an estimated value. That value will be knocked off the purchase... Read full story »

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Bailout Won't Boost Deficit

Government would be buying assets, which are worth something

Social Security • budget deficit • bailout • financial crisis

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More Newser Stories

Germany Moves to Rein In Future Borrowing

Constitution will be changed to ban excess borrowing: Merkel

Bailout Harks Back to FDR, With More Risk

'Unimaginable' spending will mean WWII-sized deficit

Soaring National Debt Takes Backseat to Bailout

Congressional Budget Office says deficit could reach $700 billion this year

States Warn Feds They May Ask for Cash, Too

Deficits and tight credit may force states to beg for Treasury dollars

Bill's New Baubles Persuade Some, May Scare Others

Adding pet projects could cost support of conservative Blue Dog Dems

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