The Federal Government has thrown its entire weight into preventing a Depression through a program of dedicated spending. The original bailout/stimulus of $700 billion is being matched by a project budget deficit of $1,100 billion for 2009, plus whatever President Obama proposes and untold amounts of money loaned by the Federal Reserve. All together, the total debt of $11 trillion is already similar to the size of our total economy, but we have been told that the additional borrowing is necessary to keep the economy running.
One question is rarely asked: What happens if it doesn’t work?
Barataria - The work of Erik Hare 