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Friday, April 1, 2011
Just how 'broke' are we? Here's the scenario, broken down to a level even (and especially) simple-minded sewer workers can understand.
Posted by kotang at 7:06 AMImagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940 – and that you were more than $14,000 in debt.But you've a rich uncle with a printing press, right? And a line to the future to you grandkid's earnings, so..NO WORRIES! Keep those pipes and lines FLOWING~!
Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.
Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.
h/t JeffG
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