nothing short of astonishing
An article by Bary Ritholtz sums up the new government spending we've seen lately. He mentioned that he gets puzzled looks from people when he mentions trillions instead of billions. Really? The very concept of a billion is enough to make me pull over and wonder how many years the earth is old. But now, bring me trillion.... ok.
In this article is a "building block" picture that shows what has been spent in the last 12 months versus the last 206 years. You take some major spending projects found in the illustration like the New Deal and the Vietnam War, they both pale in comparison to the Commercial Paper Funding Facility.
This "graphic way" to illustrate the spending tells the tale of massive debt laid on us...... or should I say our great grandchildren and beyond. How will "we" ever pay back this debt? And what impact will it have on the economy right now?
