Remember my post about our national debt? (See Why not call it a froufrillion?) Today's wire has news that the Fed is going to pump another $800 billion into the flagging economy - that's in addition to the $700 billion package they recently approved. If you'll recall, our country was approximately $10 trillion in debt a month ago. With this latest stimulus package, we've now tacked on another $1.5 trillion to that.

One. Point. Five. TRILLION. Dollars.

In one month. That's what? Fifty billion per day? It's staggering. I mean, the number has truly lost all meaning. When you begin talking about trillions of dollars like they're nothing, then we might as well implement the word froufrillion. Soon we'll just start using Monopoly money (not that our actual currency holds much more value) and dispensing with all pretext of it being worth anything.

It's a dangerous path to follow. You can see how Zimbabwe ended up with a $100 billion banknote that could only buy you three eggs. We're not too far behind. Obama's making a big deal of his plans to fix the economy, but is it already too broken?

Labels: news