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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (103284)5/19/2009 8:28:05 PM
From: RockyBalboa  Read Replies (1) | Respond to of 110194
 
Makes sense; but if you adjust this by workweek (approx 34 hours) then it takes 20 minutes to add a dollar in debt; divide by people employed / total (137/306MM) then a dollar in debt is added every 9 minutes.

In other words: during a working hour the public debt per employee rises nearly $7 (while the employee makes $18 per hour on average).

ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb2.txt

That´s quite an uphill battle.



To: marcos who wrote (103284)5/19/2009 8:36:13 PM
From: Think4Yourself1 Recommendation  Read Replies (1) | Respond to of 110194
 
But Obama cut $17 billion from the 3 trillion budget this year so everything will be fine.

I still find it amazing that anyone was dumb enough to think that was newsworthy.



To: marcos who wrote (103284)7/30/2009 7:24:16 PM
From: RockyBalboa  Read Replies (2) | Respond to of 110194
 
11,615,330,000,000.00 well it added about USD 300 Billions in debt in two months + a week. thats about 30B per week, or 4B per day.

That´s about the equivalent of a $600 stimulus check for every American every month.

Where does all the money go? I thought AIG was a 180B one-off event?