Government bailout hits $8.5 trillion

[zengrifter]

"$800 billion" was a smokescreen. zg

Government bailout hits $8.5 trillion

Kathleen Pender
Wednesday, November 26, 2008

The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News.

That sum represents almost 60 percent of the nation's estimated gross domestic product.

MORE- http://www.sfgate.com/cgi-bin/articl...MNVN14C8QR.DTL

------------

[aslan]

Originally Posted by zengrifter

"$800 billion" was a smokescreen. zg[INDENT]
Government bailout hits $8.5 trillion

Kathleen Pender
Wednesday, November 26, 2008

The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News.

Like the man said, "A trillion here, a trillion there, and pretty soon you're talking real money."

[zengrifter]

Originally Posted by aslan

Like the man said, "A trillion here, a trillion there, and pretty soon you're talking real money."

Except its NOT "real" money. zg

[aslan]

Originally Posted by zengrifter

Except its NOT "real" money. zg

If that's the case, then we have nothing to worry about!

[zengrifter]

[Katweezel]

You guys gotta help me out with this one. I know what $1 is. $10 I am fine.
$50, $100 OK. $1,000. Yep. $100,000 yeah, I remember when that would buy a house. $1Million, errrr, I think so. I think that might buy a house now... $1Billion, I have no idea what that is. And now, in all sillyness, comes a...Trillion! What comes after that, a Zillion? It's getting a bit like Zimbabwe Finance Note Printing Company.

I just looked in my cash wallet. $15-75 in there. One ten, one 5 and change. How does that stack up against a Z oops I mean a Trillion?

[zengrifter]

Originally Posted by Katweezel

It's getting a bit like Zimbabwe Finance Note Printing Company.

Yes, we are approaching the global hyper-inflationary blowout. zg

[Katweezel]

Originally Posted by zengrifter

Yes, we are approaching the global hyper-inflationary blowout. zg

You got a mystic-date when, like a super-tsunami, that's due? Here is a quote I like:
"The only thing that stops God from sending another flood is that the first one was useless." Nicholas Chamfort

[aslan]

Originally Posted by Katweezel

You got a mystic-date when, like a super-tsunami, that's due? Here is a quote I like:
"The only thing that stops God from sending another flood is that the first one was useless." Nicholas Chamfort

It never comes due. That's the beauty of it.

Riddle: When is a debt not a debt?

Answer: (The state of Hawaii validates that the answer exists and is on file in its archives. It has been sealed from public inspection. However, I personally vouch for it. Anon)