Wednesday, October 1, 2008

U.S. Fiscal Deficit is 1,017,071,524,649.92, Total Debt is 10,024,724,896,912.40

That's more than one trillion dollars of taxpayer liability added in the past 12 months. This does not include the bank handout currently under consideration or future Congressional action on the so-called "financial crisis." It does not include the potential liabilities of the FDIC which the U.S. Treasury may be forced to pay on very soon. Don't be surprised if next year's fiscal deficit exceeds 2 trillion dollars. Will the world really lend us this much money? Can the U.S. dollar survive this onslaught?

1 comment:

CowBear said...

That's a really big number. Like a monster. Yet consider this number with the missing trillions from the pentagon

http://benfrank.net/patriots/news/national/pentagon_missing_trillions

and we see that it is all a sham and always has been. As Gen. Smedley Butler said 'War is a Racket', just apply that to the whole system now. Add to that that this is just one head of hydra that is the control system and we are in deep doo doo.

Any money they pump into the system via the bailout will just go into the monster dark hole that is our gov't and predatory business system.

To the author, I don't think you're "at the margin" yet, not even close.

I think I'll go to BK to get a nice spicy chicken snack thing.