According to a story on Bloomberg.com yesterday, “[t]he U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.  Astounding.  This kind of comparison begins to put some meaning behind the very significant numbers. 

Also valuable yesterday was a graphic in the New York Times, entitled Schott’s Stimulus Simulator, copied below.  Gee, trillions is a lot.