The senate just approved a plan permitting the government to borrow another 2 trillion dollars. We will now have a total national debt ceiling of 14.3 trillion dollars. I can’t get my mind around how much that really is, but I do have an interesting idea about how to spend the next trillion. (more…)
Posts Tagged ‘debt’
How Should the Next Trillion Dollars Be Spent?
Friday, January 29th, 2010Can America Go Bankrupt?
Thursday, October 29th, 2009As the country moves past $10 trillion in debt, is there a limit? Is it possible for the government to go under? Since China seems to be the main creditor for us, what are the consequences of not paying them back? One thing is for sure, I don’t trust the government economists and Wall Street analysts to have the answers. (more…)