Bailout Busts All Records

The corporate bailout is now the most expensive thing the Federal government has ever done.

Indeed, it is more expensive than the New Deal, the Marshall Plan, the Louisiana Purchase, the Apollo Program (and indeed everything NASA has ever done), the Korean War, the S&L Crisis of the 1980’s, the invasion of Iraq, and the Vietnam War. Combined. And adjusted for inflation.

Our running total of money spent in the past 120 days: $4.6165 trillion. That’s “trillion” as in “with-a-‘T'” trillion, $4,616,500,000,000, or 43% of our current national debt having been accumulated — all in the last 75 days.

Burt Likko

Pseudonymous Portlander. Homebrewer. Atheist. Recovering litigator. Recovering Republican. Recovering Catholic. Recovering divorcé. Recovering Former Editor-in-Chief of Ordinary Times. House Likko's Words: Scite Verum. Colite Iusticia. Vivere Con Gaudium.