I will say that I have some debt. Some serious debt by some standards. Between a mortgage, car payments, and credit cards I have some serious payments in my future for many moons to come.
Maybe that is why I felt better about myself and my spending problem when I saw our very own Uncle Sam is over 407 Billion in debt. I wonder if he gets those annoying phone calls from creditors. Maybe he switched to Capitol One’s No hassle card.
You wonder if a country so bad with ot's own finances can really bail our Fannie and Freddie. I say sell Alaska. That way someone else can drill there and sell us the oil... no wait... that's not what we want is it?
Side Note:
Paying back the minimum payment each month at 18% interest, Sammy will be out of debt by the year 3947.
Side Note:
Paying back the minimum payment each month at 18% interest, Sammy will be out of debt by the year 3947.
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2 comments:
You are talking about the current fiscal year. Which is over $400 billion. The total national debt is almost $10 trillion!!!!
$9,671,404,410,858.80 as of Sept 10, 2008.
When President Bush took office it was about $5.7 trillion.
So President Bush and the Republican congress pissed away about $4 trillion in less then 8 years.
I actually feel pretty good about my debt now!
Do not worry, that's only $30,000 in debt per U.S. resident.
But let's keep Alaska, that's one of the better states. Texas should be the first to go.
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