For those public school graduates, like myself, that’s $3.8 trillion. And that is just this year:
Not only is it a astronomical amount of money, its’ a complicated cocktail of budgeted dollars, actual spending, guarantees, loans, swaps and other market mechanisms by the Federal Reserve, the Treasury and other offices of government taken over roughly the last year, based on government data and new releases. Strictly speaking, not every cent is directed a result of what’s called the financial crisis, but it arguably related to it.
It was government meddling that created this mess in the first place.
Photo by Daquella manera.
