The image above has been excerpted from a larger piece viewable on Mint.com – an online personal financial site – depicting the ongoing economic bailout. The visualization provides an easy way of identifying the flow of intangible concept like money and the real consequences of the actions being undertaken. In addition to providing the actual plan already in motion, the diagram explains two other theoretical scenarios that both reach the end goal of $700 billion – one from the perspective of the way the US Government normally spends and the other explores a scenario that doesn’t put the onus on taxpayers to foot the bill.
What do you do if you don’t have the money to pay a debt? If you are like most of us, you borrow. The US Government is no different. In order to pay for the $700 billion bailout, it will have to borrow more money, increasing the national debt. But who will pay for this massive bailout? If you are a US taxpayer, you will.
For a more nuanced discussion of the thinking behind this visual map, visitors are encouraged to read an article published early this year that offers 10 Ways to Bail Out Wall Street.
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