Government Has Pledged $12.8 Trillion on Bailouts - Every Household on the Hook for $109,887

Bloomberg has a good article comparing the amounts pledged in the bailouts with relevant figures:

The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year ...

The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.

That means that every American household is on the hook for $109,887 for the bailouts.

For background, see this and this.

Note: If any of the government's loans, commitments or investments actually get paid back or pay off, then that amount would be reduced. However, some analysts have said that the government will end up committing closer to $20 trillion, rather than $12.8 trillion.