Howard Rich's Blog

April 15, 2009

Bailing Out The Taxpayers For A Change

Sometimes it’s important to try and fathom the unfathomable.

For example, why is “thirteen” considered an unlucky number? Why do pigs continue to fly in Washington D.C. (no matter which party is in power)?  And why would a nation already in the throes of unsustainable deficit spending think that it could somehow spend its way out of an economic downturn – to the tune of $13 trillion (and counting)?

That’s right – since the beginning of the current recession, the federal government has spent, lent or pledged $13 trillion on various “economic recovery” efforts.

How big is that number?

Well, if you were to spend a dollar every second, it would take 412,000 years to blow through $13 trillion…

Bailing Out The Taxpayers For A Change

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