What the United States Government owes in long-term obligations, according to an article in the San Francisco Chronicle's blog. That's $53 trillion, or $455,000 for every household.
Meanwhile, the Feds' reaction looks like this:
Friday, July 18, 2008
$53,000,000,000,000.00
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3 comments:
Somehow, they keep finding the money to bail out the Wall Street fat cats who abused our financial system... Bear Stearns, Fannie and Freddie, etc.
Free market economy, my rear end. We have a corporate socialist economy.
when you put it in per person terms, well, that is a lot of debt.
I actually had the chance to be on a conference call earlier this year with David Walker, the information he shared was very troubling. I'm glad the media is covering this, it's important people put it into a perspective that they will stop and think about.
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