US finance simplified - Page 2

03-30-2011, 10:24 PM

From a Cybercast news article today:

"Imagine 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. 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."

Now imagine you can just print more money.
And that you can keep borrowing.

03-30-2011, 10:24 PM	#1
BC-Axeman Guest Posts: n/a	US finance simplified From a Cybercast news article today: "Imagine 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. 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." Now imagine you can just print more money. And that you can keep borrowing.