Forbes.com is reporting on the $5 Trillion dollar tab the U.S. Government is accumulating fighting the credit crunch.
As some point that bill is coming due and it won't be pretty.
Plus, remember that tax cut promised to 95% of America--yeah like that was ever going to happen--might be dead even before Obama is sworn in. There was absolutely no way that Obama's spending plan could be implemented with this tax cut--the math just doesn't add up.
Oh, and now Obama wants a $50 billion bailout for automakers? Please, wake up--we can't give more money way like this.
Just to give you an idea, if you took $5 trillion and gave it in equal amounts to every man, woman, and child in America right now (some 330 million people), you would be able to give out $15,000 to each person. That bill will have to be repaid somehow.
Really, when are we going to stop the madness.