Will you look at the size of the pump!
If you've had trouble keeping up with all the 'stimuli' that the Fed and the US Government has been applying to the US economy -- that is, spraying around dollar bills they've either printed, taxed or borrowed -- then you're not the only one.
So thank goodness someone is keeping up -- and since we'll all be picking up the tab for the largesse eventually, I thought you'd like to know what the total bill is so far: it's US$5 trillion.
That's US$5,000,000,000,000! (I figured you'd like to see all those zeroes you'll be paying for.)
And that's without even making a start on buying up all those "toxic assets" that was apparently so urgent just a few weeks ago. Apparently, notes Robert Murphy,
Good to know, isn't it, that the 'International Rescue' is in such good, not to say profligate hands.
It didn't occur to me that Paulson might blow through the whole $700 billion on other Super Highly Important Things before getting around to spending a cent on what (he told us) was necessary to avert a worldwide financial collapse.