Monday, November 24, 2008


That is the total of what has been pledged so far by our generous US Congress. I couldn't be more proud. I remember when they were talking about $700 billion. So $7.4 trillion would make this about $24,000 per person. Great. If I've learned anything in the last few years, it's that when your being buried by debt, go shopping. Bloombergs got an article that is worth reading.

My Favorite line, "The pledges, amounting to half the value of everything produced in the nation last year."

Another great one, "It’s nine times what the U.S. has spent so far on wars in Iraq and Afghanistan."

And one more, "Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis."

And if your still not worried about it, "The worst financial crisis in two generations has erased $23 trillion, or 38 percent, of the value of the world’s companies and brought down three of the biggest Wall Street firms."

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