The Financial Crisis Cost Every American $70,000
courtesy of your friendly neighborhood, deregulation, small gubbertmint republicans.
I disagree with their use of 2007 as a reference point. 2007 was an artificially high starting reference point due to the Bush tax cuts, deficit spending, and the housing bubble. It will be lost GDP though. Policies enacted today may represent much worse penalties. We should be using a strong economy to pay off our national debt, not raising it. A recession will come and we're already borrowed to the hilt.