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We've Spent At Amount Equal to our GNP for 2008?
Topic Started: Mar 31 2009, 09:31 AM (164 Views)
Hello again
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The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.

http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home
Edited by Hello again, Mar 31 2009, 09:31 AM.
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Hello again
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No liberal poster cares? If this was Bush they would be having a hissy fit and spewing hate - oh, they still are having a hissy fit and spewing hate "because" of Bush.

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The Punisher
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President Bush = Bad, Fail, satan
President oblama = Good, Success, God-like
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Hello again
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Bush spending = to protect Americans from terror - bbbaaaadddd.

Obama spending = to protect Americans from themselves --ggggoooooddddd.
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The Punisher
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:laugh:
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