According to this article The US national debts and commitments stand at an incredible $49 trillion.<br><br>Our federal government keeps two sets of books: one that shows our budget deficit shrank to $319 billion last year and the Treasury Department set that shows $760 billion. This accounting system would be illegal for any large corporation. "If this happened in the private sector, we would call the government 'Enron.' "<br><br>The U.S. debt rating is heading for junk status by the year 2025.<br><br>By the way, quite a bit of this story is based on a book called "Financial Report of the United States" by Rep. Jim Cooper of Tennessee.<br>It is very political in nature so take what you want.<br><br><br><br><br><br>
<blockquote><font size=1>In reply to:</font><hr><p>Our federal government keeps two sets of books: one that shows our budget deficit shrank to $319 billion last year and the Treasury Department set that shows $760 billion. This accounting system would be illegal for any large corporation. "If this happened in the private sector, we would call the government 'Enron.' "<p><hr></blockquote><p><br>I think that's also legal in Italy - you can keep two sets of books, one for official releases, and one for the "family"!!<br><br><br>- This is gonna get pretty interesting. <br>- Define "interesting". <br>- Oh, God, oh, God, we're all gonna die..
_________________________ I used to think it was terrible that life was unfair. Then I thought what if life were fair and all of the terrible things that happen came because we really deserved them? Now I take comfort in the general unfairness and hostility of the universe.
And that comes as a surprise? <br><br>"A democracy cannot survive as a permanent form of government. It can last only until its citizens discover that they can vote themselves largesse from the public treasury. From that moment on, the majority (who vote) will vote for those candidates promising the greatest benefits from the public purse, with the result that a democracy will always collapse from loose fiscal policies, always followed by a dictatorship. The average age of the world's greatest democratic nations has been 200 years. Each has been through the following sequence: From bondage to spiritual faith, from faith to great courage, from courage to liberty, from liberty to abundance, from abundance to complacency, from complacency to selfishness, from selfishness to apathy, from apathy to dependency, and from dependency back again into bondage." -Lord Thomas Macaulay, 1857<br><br><br><br>Old farts, the hidden caulk of civilization. Jim Atkinson<br>
_________________________ Old farts, the hidden caulk of civilization. Jim Atkinson
Elections belong to the people <STRIKE> In 2000 THE PEOPLE SPOKE -- ALL FIVE OF THEM</STRIKE>. It is their decision. If they decide to turn their back on the fire<STRIKE> 2004 </STRIKE> and burn their behinds, then they will just have to sit on their blisters. Abraham Lincoln<br><br><br>
And where is all this $$ coming from? How about the many supporters of the middle east war.<br><br>_________________________________________<br>Just a different kinda geek...
_________________________________________ "The United States is by far the largest exporter of weapons in the world, selling more weapons than the next 14 countries combined."
<br>How Much is a Billion Dollars? <br><br>It is difficult to visualize just how many dollars there are in $1 billion. <br>The politicians who are spending fortunes in government money make it <br>sound as though they are dealing in smaller numbers by removing quite <br>a few digits. <br><br>For example: Bush's budget deficit, which at the time of this writing is <br>$422,000,000,000 is more simply stated as $422 billion. <br><br>To put it in a different perspective, a billion is a thousand million. <br><br>To place it in a better perspective;<br><br>A billion seconds ago, it was the year1959. <br>Humans first learned to write 252 billion seconds ago. <br>A billion minutes ago, Jesus was alive. <br>A billion hours ago, our ancestors were living in the Stone Age. <br><br>A billion dollars ago was only 8 hours and 20 minutes, <br>at the rate that this administration in Washington is spending it. <br><br> <br>How Much is a Trillion Dollars? <br><br>A trillion dollars is even more incomprehensible. <br>A trillion is a thousand billion. <br><br>One trillion seconds equals 1,688 years. <br><br>The oldest known human was alive 110 trillion seconds ago. <br><br>The US National Debt at the time of this writing is $7,755,252,375,729 <br>or more simply stated: $7.7 trillion. <br>The number is so large that the $2.31 billion this debt is increasing per day <br>seems miniscule by comparison. <br><br>Just something to think about <br>the next time you hear a politician casually use the words "billion" or "trillion" <br><br><br>
_________________________ . "...or am I a butterfly dreaming she's a woman?"
That's a big deal about our debt problems. I couldn't find much on it though. Have you seen any other links about this besides the Blue Dog coalition? Love to see 'em.<br><br>We are what we repeatedly do. -Aristotle
_________________________ We are what we repeatedly do - Aristotle
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