Problems Abound

But that seems so long ago, and has since been dwarfed by financial commitments from the federal government to stave off a collapse of our financial institutions and even some industries. President Barack Obama has made the economy a top priority and expects to move swiftly to take further action. He recently announced the outline of a new stimulus package that may cost anywhere from $700 billion to $1 trillion. With this on top of the previous actions taken to stabilize our economy, reports are saying the total amount committed by the federal government is in the neighborhood of $8 trillion (ouch). Our grandchildren will be picking up the tab on this one.