Monday, November 24, 2008

Open those wallets, the government is pledging $7.4 trillion more

Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.

Thanks government for lending this money on behalf of the taxpayer's. Interesting how we can lend so much money although we are actually a nation in debt.

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