CELEBRATING ENLIGHTENED ANAL-CRANIAL INVERSION. and a love of beer.

Saturday, February 7, 2009

The $9 Trillion Bailout. $9 Trillion.

So, you think $900 billion is a lot of money? Keep your eye on the ball.

While Congress dithers about what to waste $900 billion on -- "waste" being defined as anything that places money directly in the hands of actual everyday people -- the Fed, FDIC, Treasury et al have signed you and me up as guarantor on almost $9 trillion in bad debts.

$9 T * R * I * L * L * I * O * N

That's more than it cost us for the Marshall Plan, the Louisiana Purchase, the moonshot, a few wars, NASA's lifetime budget, and the New deal, combined.

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