My Calculations:
The 2007 federal outlays from fiscal year 2007 were 2.73 trillion.
The 700 billion is to be allocated before Dec 31, 2009 (or Oct 3, 2010 with the extension).
Taking the 15 months until Dec 2009, and multiplying 15 divided by 12 by 2.73 trillion (because of the Continuing Resolution) would be 3.4125 trillion. Then taking 700 billion divided by 3.4125 trillion is 20 percent.
Why is the market tanking? Wall Street knows what this will do to our economy.
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The real joy of it is they're going to fatten up the money supply to pay this hefty bill, and that will cause inflation.
Now, what investor in his right mind wants a fixed payoff debt instrument in those circumstances. Yeah, it will pay x amount (hopefully) by such and such a date, but by then the dollar could be Monopoly money.