Friday, October 3, 2008

A Trillion Dollars worth a pork and bombs

Wow, this is turning out to be one expensive week for the taxpayer. According to this article, the Senate quietly passed a $600B spending bill (how do you spend half a trillion dollars quietly?) which earmarked another $448 to the Pentagon. Add that to the $700B Wall Street bailout plan that will likely pass today, and the US has spent another 1.3 trillion dollars. This is more than 10% of our $11T annual gross domestic product. Ouch!

The article also has some pretty good info on the bailout bill pork.

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