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Originally Posted by Phanuthier
I think you're confused (or maybe I am). That was $12.8T in the past 80 years, not the past year. Since the bailouts, I think we're at about $2T. I honestly thought that number was a little low - I don't think it includes Obamas $0.8T yet.
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I'm not talking about the overall debt right now. I'm talking about how much money the Feds are spending to fix this 'crisis.'
$12.8trillion and counting.
From the article....
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The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion,
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