$7.7 Trillion

From Bloomberg: U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit

“The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg.”

For the record, folks, that’s roughly half of our 2007 GDP and about three-fourths of our current federal deficit.

November 24th, 2008  News & Current Events   Tags: bailout, crooks, debt, socialism, more...