Kevin Drum speaks sense on the way people talk about the "cost" of the government's bailout efforts.
And that further illustrates the sad record of the bailout effort, industry analysts said.
The mounting costs of the bailout effort are the figures most frequently mentioned by industry analysts and public officials.
Both moves came in the wake of a federal bailout effort.
But facing an enormously unpopular bailout effort, lawmakers have moved cautiously in providing new money.
European bailout efforts included lending money to banks, decreasing likelihood of failures.
On Tuesday, a record $5 billion of 30-year bonds are scheduled for sale to help the Government's bailout effort.
The cost of the bailout effort is also likely to rise far above the $159 billion that the Administration had predicted.
And they especially do not want to champion additional spending on a bailout effort that has been criticized as being slow, expensive and inefficient.
When the law setting up the bailout effort was adopted in the summer of 1989, Administration estimated that no more money would be needed.