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First we had the $700-billion TARP plan. Next up, a $1-trillion "stimulus" spending plan proposed by the liberal Democrats. Followed quickly by, a new "TARP" proposal of another $1-trillion.

Using simple math, the economic bailout cost totals, $2.7-trillion ---not counting interest, of course.

Mostly, the $2.7-trillion is for massive government spending, but very little in tax cuts. I will be surprised if this government intervention doesn't fuel big increases in the rate of inflation. The Treasury Dept can not keep printing money without inflation spiking. Inflation will serverely damage the economy and extend the overall recession.

21 posted on 02/10/2009 9:17:46 AM PST by Reagan Man ("In this present crisis, government is not the solution to our problem; government is the problem.")

That’s true. Two questions:
Didn’t Argentina go through something similar? And won’t it affect the dollar?

26 posted on 02/10/2009 9:23:21 AM PST by khnyny ("The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.")

I did the math last night and if I am right once all this is spent our national debt will be $12.3T or 83% of the GDP. That can’t be a good thing.