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The Tab for Taxpayers on Gov’t Bailouts

The Tab for Taxpayers on Gov't Bailouts

October 16, 2008 3:00 pm EDT

Last month, we charted the history of U.S. government bailouts. Below is the cost per household for each rescue (in terms of the initial outlays). Note, we have revised the figures for A.I.G. to reflect the additional government's new $37.8 billion loan to the company. All numbers are in 2008 dollars.

Year Cost Per Household in 2008 U.S. Dollars
1970 $51.20
1971 $20.87
1974 $111.32
1975 $131.69
1980 $50.41
1984 $111.10
1989 $3,159.46
2001 $171.48
2008 $8,749.17

Bailouts and the National Debt

We've also charted the national debt during each year a bailout occurred. Again all numbers are in 2008 dollars. Note: The national debt and corresponding bailout percentages for the years 1970, 1971, 1974, 1975, 1980 and 1984 are all nearly identical, so we have averaged them in the first pie graph.

Jesse Nankin, Krista Kjellman and Jennifer LaFleur / ProPublica