America Likes To Spend

Holy crap. The national debt was $10 Trillion on Sept. 30, 2008 when estimates on the amount spent on the bail out was a modest $1 trillion. I don’t know if this means committed funds or money actually spent. What ever the case the bail out has reached $3.2 trillion with a committed $8.5 trillion. I guess we are trying to double our national debt in one year. Hooray America! The current estimates for the natinal debt do not even seem to acount for the current massive spendings. Acording to this article:

The $700 billion government bailout could send the national debt to more than $11 trillion, says the AP.

Well shit, its not $700 billion any more. If I had to do some simple math I’d say we are probably headed for somthing more in the range of say $18 Trillion within the next year. It sucks because we can all expect residual shittyness from Bush’s administration when Obama is in office.  An $8 trillion back lash is insane!