The latest news on the financial front is that government officials have reviewed whether another $1 trillion to $2 trillion is needed to

fix the banking sector.

On top of that, Congress is preparing an

$819 billion

stimulus plan to help consumers and revive the economy -- more spending made necessary by the banks. Oh, and don't forget that the government is already burning through the previously approved $700 billion in banking bailout funds.

But that's not all. The

Federal Reserve

may end up spending $600 billion to buy mortgage-backed securities from

Fannie Mae



Freddie Mac


, Ginnie Mae and the Federal Home Loan Banks.

Keep your calculators handy, because we're not done yet. We have to include the direct investments in


(AIG) - Get Report

, loans to help

JPMorgan Chase

(JPM) - Get Report


Bear Stearns

and programs with funny names like TAF, TALF, TSLF, MMIFF and CPFF.

It's all making my head spin. The tally had already reached $7.4 trillion in November, according to a

handy chart

created by


So now we're up to about $10 trillion in spending by our government because of the stupidity of our banks and other financial institutions.