Hey, man, where's my profitable Iraq war?

Wars are like the assholes in this society, there is no profit to be gained from war; and there is also no profit to be gained from being an ass hole.

Hey, man, where's my profitable Iraq war?

I really don't like the idea that money is going somewhere and nobody is being required to show where and to what purpose.

The federal government can create money, too, by printing it but mostly it borrows. Putting the two into a heap is misleading.

I disagree Dave in that knowing exactly what your exposure is, both real and potential is better than ignorance.

To achieve that $9.7 T number you have to assume that every financial institution in the country goes bankrupt. You are talking about the failure of every single financial institution that has every cent that is secured in any manner by the FDIC, the Treasury and the Fed.

No Scott. It counts the $1 trillion in stimulus packages so far, $3 trillion in Fed & FDIC lending, and promises to lend upto $5.7 trillion more if needed. See my comment to Dave as well.

The federal government can create money, too, by printing it but mostly it borrows. Putting the two into a heap is misleading.

I can only guess that you are being flatly disingenuous for the sake of reciting a very, very large number.