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 Post subject: every American household is on the hook for $109,887
PostPosted: Tue May 19, 2009 6:57 pm 
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Note: If any of the government's loans, commitments or investments actually get paid back or pay off, then that amount would be reduced. However, some analysts have said that the government will end up committing closer to $20 trillion, rather than $12.8 trillion.


http://www.washingtonsblog.com/2009/05/government-has-pledged-128-trillion-on.html

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 Post subject: Re: every American household is on the hook for $109,887
PostPosted: Wed May 20, 2009 6:33 pm 
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Hah.....the bankers can give all the money they want to other bankers.

There is no intent to ever collect on this debt. The money is created out of thin air. Hence....fiat money. The actual cost was the cost of paper, ink, machine time, and electricity.

The way we all pay is through the tax of....inflation. Which I why I recently went on a spree. I can still buy a loaf of bread without a wheel barrow load of money.

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