Quote:
Originally Posted by Azure
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....
|
Again, I think you are confused. The total debt 2 years ago was approx $10T. If they would have spent $12.8T, then everything in the USA would have doubled in price. A loaf of bread would be $5, 2L jug of milk would be $8, and everyone would have lost half their life savings if they held cash/debt. The stock market would have doubled and the Dow would be at 14000. If Obama would have spent $12.8T in the past 12 months, that would have been hyperinflation and the USA would be Germany in the 1930's.
When they say the feds have spent $12.8T, thats the total debt they have spent, not what Obama has spent.
I believe Obama has spent, or will spend, $2T right now.