Washington’s $5 Trillion Tab

November 17, 2008 | Jim Vicevich | |

I can’t believced I missed this because it answers a question I had on one of my fireside chats last week (which by the way you should not miss). According to Forbes Magazine:

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

1 Comments

  1. Erik on November 17, 2008 at 8:43 am

    Tell me if I am wrong, but shouldn't this be hyper inflationary? They are not borrowing this money they are creating it out of thin air. But there is so much demand that the dollar remains strong. Gold should pop like a cherry bomb soon.

    -Erik



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