It would take spending a MILLION dollars a DAY for twenty nine thousand six hundred YEARS to spend the 10.8 trillion dollars that is the US national debt.
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From the category archives:
News & Current Events
I recently received an interesting email that the US Treasury has apparently sold out the entire remains of the United States gold to the Federal Reserve for a steal – at nearly $900 per ounce less than current market values. I have read several articles as of late relating to the balance statements of the Federal Reserve and it’s been pretty clear that there have been some drastic changes in the last few months.
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I’ve wondered to myself how they can keep the prices so artifically low for so long. Well, I think we’re finally starting to see the dam break and it’s coming back with a vengeance.
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The idea is to maintain or increase state road revenue by charging “by the mile” instead of “by the gallon” as a measure to combat fuel usage reductions with more fuel efficient cars on the road.
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My interest, considering I don’t really watch TV, comes more from being curious about how the market will handle the government declared transition to a digital TV format.
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