Thursday, May 13, 2010

Fun with numbers

The Federal government is nearly $13,000,000,000,000 in debt, and is currently adding to the debt at rate of more than $1,500,000,000,000 per year. So naturally the IMF is using $100,000,000,000 of our money to help Europe with its $146,000,000,000 bailout of Greece. Or is it a $1,000,000,000,000 bailout?

Whatever. The bottom line is that indebted countries are lending money to other really indebted countries in order to delay the latter's bankruptcies and hasten the former's so that we can all reach bankruptcy at about the same time.

Got it?

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