The huge amount of deficit spending that the federal government will incur was covered by ABC's John Berman and CBS' Chip Reid. Reid looked at the politics of the borrowing, noting that in his House testimony Treasury Secretary Timothy Geithner "blamed the Bush Administration for all aspects of the crisis." ABC's Berman looked at the finances. "Is there a limit to how much the government can spend and how much the government can keep borrowing?" he wondered before answering with historical statistics: the deficit now accounts for 12% of the entire national economy; during World War II it was as high as 30%. Then he offered "the down side, down the line--all the government spending can cause inflation."
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