12.8 Trillion?

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castlewp
Status: Gold Member (Offline)
Joined: Oct 7 2008
Posts: 304
12.8 Trillion?

By Mark Pittman and Bob Ivry

March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s
http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home

Really? This is the biggest transfer of wealth in the history of the world.

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