"Federal Budget Deficit for Fiscal 2009 Projected to Be $482 Billion."

In addition, the debt for this year will include

$29 billion for Bear Stearns,

$200 billion as a start, just a minimal start, on Freddie and Fannie, and

$85 billion for AIG.

Add to that the hundreds of billions for "liquidity".

The Fed is printing a seemingly endless supply of money, with two guaranteed effects.

One, devaluation of the dollar. Their ain't nothing behind this stuff, except some lousy mortgages on some.

Second, inflation, as the new stuff dilutes to old stuff. Serious inflation.

Bad for the country, bad for the people, but props things up until the next administration.

Tragic.

Arf