Never Say Never Again
Hey, did’ja think that the $1.5 trillion-ish (where “ish” can mean either double or triple) stimulus/rescue/cash-for-cronies check was big enough already?
Silly!
We’re only just getting started!
Neil Barofsky, the special inspector general for TARP (to my mind, the biggest possible headf*ck of a job, bar none), has released a report which states that the total potential federal government support for the financial system could reach up to $23.7 trillion.
To which Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee, came up with a great analogy:
“If you spent a million dollars a day going back to the birth of Christ, that wouldn’t even come close to just $1 trillion — $23.7 trillion is a staggering figure.”
Granted, this figure relates to a worst-case scenario.
But, with soon-to-be double-digit unemployment, inflationary pressures caused by rampant government spending and a quadrupling of the budget deficit all presided over by an ardent doctrinaire socialist, it seems to me that we deal with little but worst-case scenarios, these days…
July 22nd, 2009 at 10:25
Once is never enough?
July 22nd, 2009 at 10:37
[...] In fact, that philosophical point has not been disproven by any budgetary analysis to date. Never Say Never Again – trackacrat.com 07/22/2009 Hey, did’ja think that the $1.5 trillion-ish (where “ish” can [...]