The US Economy's Bottomless Pit

Keeping track of the ever-mutating bailout debate in the United States is becoming increasingly difficult. With the US government’s money spigots now thrown wide open and with no one of influence advising restraint, the only debate is where to direct the torrent. During the past week, the talk began with Detroit and Citigroup, but by Friday had shifted to a massive "stimulus package" to bail out consumers. The early buzz includes some very large figures. But first, a bit of a recap:

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