GOVERNMENT DEBT
GOVERNMENT DEBT
Federal Debt: $9 TRILLION
State & Local Debt: $2 TRILLION
Total Government Debt: $11 TRILLION
UN-FUNDED, OFF BUDGET DEBT $62 TRILLION
PRIVATE DEBT
Household Debt: $13 TRILLION
Business Debt: $9 TRILLION
Financial Debt: $14 TRILLION
Foreign Debt: $2 TRILLION
Total Private Debt: $38 TRILLION
SUM TOTAL DEBT
Government Debt: $11 TRILLION
Private Debt: $38 TRILLION
Unfunded Debt: $62 TRILLION
Total Debt: $111 TRILLION
http://www.financialsense.com/fsu/editorials/andros/2008/0611.html
No Comments..I’ll lay one out for ya…..Is this America anymore??? Did we have a SAY about any of these bailouts..We had a phone in and letter writing campaign…There were more people on the hill in the history of congress to say NO to the bailout…300 thats THREE HUNDRED economists signed a written letter saying how dangerous these bailouts were and they knew what was behind them….Unlike a lot of the government….It’s been a crash course in ECON 101…and I mean crash:
CDO’s
Derivatives
Credit Default Swaps
Silver manipulation
Gold hording & banks/FED holding the price down
FED……there’s a good one….I need to do a vocab list…..this could turn into a huge rant but I’ll let someone else have a turn…Let’s here ya people!!!