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.