Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
Sunday, August 2, 2009
Limits - Not on Spending
Our ObamaNation wonders why Congress is so willing to place limits on what others make but so unwilling to limit how much it spends?
Saturday, February 14, 2009
65 Trillion and Growing
Using the "Generally Accepted Accounting Practices", which American corporations are required to use by law, the United States government is $65 trillion in debt which is more money than is spent in the United States over 5 years.
By any accounting the United States government is closer to bankruptcy than CITIBank or the Big 3 automakers.
Both the TARP and the 2009 stimulus package will add a few trillion more to this debt.
By any accounting the United States government is closer to bankruptcy than CITIBank or the Big 3 automakers.
Both the TARP and the 2009 stimulus package will add a few trillion more to this debt.
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