Congress is spending money it doesn’t have hand over fist.  So far it’s given AIG just under $193 billion since September.  But that’s just the beginning.  Michelle Malkin suggests we Look beyond the bogus bonus smokescreen

…While the Obama administration now issues impassioned calls to stop rewarding failure, they moved Thursday to dump another $5 billion into the failing auto industry. That’s on top of Thursday’s announcement by the Federal Reserve to print $1 trillion to buy Treasury bonds and mortgage securities sold by the government — which no one else wants to buy.

What else?  $8.5 trillion in bailouts involving the Federal Reserve, FDIC, Treasury and Federal Housing Administration, and that doesn’t include the taxpayer responsibility for Fannie Mae and Freddie Mac portfolios of $5.2 trillion.  There’s Geithner’s $50 billion for bailing out home mortages.

Phew. We’re not done yet: As AIG-bashing lawmakers inveighed against wasted taxpayer funds and lamented the lack of accountability and rush to judgment that led to passage of the porkulus bill that mysteriously protected the bonuses, the Senate quietly passed a $10 billion lands bill stuffed with earmarks and immunized from amendments. GOP Sen. Tom Coburn, fiscal conservative loner, pointed out that none of the provisions for special-interest pork projects — including $3.5 million in spending for a birthday bash celebrating the city of St. Augustine, Fla. — was subject to public hearings. That’s on top of the pork-stuffed $410 billion spending bill passed two weeks ago.

Oh, and did I mention that the House passed a $6 billion volunteerism bill (the “GIVE Act”) on Wednesday to provide yet another pipeline to left-wing advocacy groups under the guise of encouraging national service?

Bread and circuses worked for Rome for a long time.  I wonder how long it will work this time?

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