Yesterday evening, I was in my car listening to NPR, and the reporter stated that the upcoming federal deficit for the year would be over $1.5 trillion dollars.
Even to someone as cynical as me, I was flabbergasted. It wasn't that many years ago when the nation's entire debt crossed the trillion dollar mark, and people were disgusted at the insanity. Now we're doing that entire amount, plus 50%, in just a single year!
The really gut-wrenching part was when they played Obama speaking about the economy. His two talking points, which he has repeated on a daily basis for months now, are:
+ This wasn't my fault; Bush handed me this disaster;
+ The economy is growing and improving (pfft!), but if we hadn't done the huge bailout and stimulus, it would be much worse
Listen, the results aren't impressive. Even the severely fudged numbers spewing from Washington show a completely anemic economy, and that's with trillions of dollars being poured into a system that will eventually reach ruination.
It occurs to me that we have created the Tori Spelling economy: one in which you have unlimited financial resources to throw at the problem, but no matter how much you spend on plastic surgery (or bailouts for investment banks and people who haven't worked for ages), it's still going to look something like this: