$7.66 Trillion of Your Taxpayer Dollars. Gone.

Sometimes numbers tell the story and tonight there is one number that tells you everything you need to know about what's wrong with Washington's playbook.

That number is $7.66 trillion in taxpayer dollars. That's the total of all the stimulus dollars the Federal Government has used to set this nation's economy back on the right path. It’s 49 percent of our nation's GDP.

In other words, we spent half of what the world's largest economy can produce in a single year to bail out. The list is long. Take a look....             

Bear Stearns: $29B

Economic stimulus checks: $178B

Bush Home Owners bailout: $300B

Fannie Mae and Freddie Mac bailout: $400B

AIG bailout: $42B

Emergency Economic Stabilization Act of 2008 (TARP): $700B

Automakers bailout: $25B

American Recovery and Reinvestment Act of 2009: $787B

Obama Home Owners bailout: $275B

Small business loans: $15B

Automakers bailout: $22B

Quantitative Easing I: $1.75T

Quantitative Easing II: $600B

Quantitative Easing III: $960B

Quantitative Easing IV: $1.08T

Operation Twist: $400B

Extending Payroll Tax Cut: $100B

Whew! That's a lot of money and where are we? Nowhere, as far as I can tell. Unemployment is at 7.8%, exactly where it was when President Obama came into office.

The economy is contracting, shrinking, and consumers and taxpayers say they aren't too happy. It's no wonder. All of this money out the door and much of it will have to be paid back. Our economy hasn't recovered. The stimulus spending was a bust!       

Next time you hear Paul Krugman say we need more stimulus spending, ask him: where's my $7.66 trillion, mister?