3/2/09

How many Americans are aware of their country’s actual financial condition?

budget

…the entire federal budget


 as submitted by President Clinton in 1996 through 1999


was smaller than the budget deficit


 that Obama is proposing for next year


 


Market Movers Anonymous Comment


 


Obama's total budget is $3.6 trillion


 which works out at $34,000 per household


 median household income is about $50,000


 


 Which basically means that for every dollar that a US household earns


 the US government plans to spend 68 cents next year


 


And the ten-year T-bond still yields less than 3%


 


Extraordinary


 


Felix Salmon


Market Movers





Why would a nation at war with large deficits and debts


borrow money to pay for tax cuts


and non-military or non-essential discretionary spending


 


and why do so few know and/or care?


 

No comments: