Break Out Your Checkbook

The tab we’re running up for all this government intervention is adding up.  What a surprise. 

  • There’s $800 Billion for TARP (to the everlasting shame of former Pres. Bush). 
  • There’s Spendulus Stimulus Plan will probably be in the $900 Billion range. 
  • There’s the new plan from our tax-cheating Secretary of the Treasury, Tim Geithner, who pledged “$1 trillion to $2 trillion in financing”.  Of course, no one really knows what he means (including him) so his speech caused the stock market to plummet 5%.  Keep up the good work Tim.

If you take the low end of the Geithner plan, you are looking at total bailout/stimulus spending of $2.7 trillion.  That’s $2,700,000,000,000.  As in $2.7×1012.

Here’s a good rule of thumb: when government spending is properly represented in scientific notation, you have a problem.

I’m sure you are wondering how much of your money is involved.  Well there are roughly 90 million people who have a tax liability (out of 127 million filers).  That’s about $30,000 per person without including interest.

You can make your check payable to “US Treasury c/o Nancy Pelosi and Barack Obama”.

One Response

  1. Gotta break out my MBA cred one more time. As you point out, that’s without interest….and it is today’s dollars. The ultimate total will be much, much higher.

    The shame here is that it is going to be your kids and mine who pay for this.

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