Friday, November 11, 2011

US Debt, Debt and More Debt


from the Economist:

America’s predicted deficits over the next decade come to as much as $12 trillion, to be piled on top of an existing net national debt of around $10 trillion.

By November 23rd, a “supercommittee” of 6 Democrats and 6 Senators (drawn equally from the House of Representatives and the Senate) is supposed to come up with a plan to save at least $1.2 trillion-1.5 trillion from the US budget over the next ten years.

Good luck with that. Not that we're not so high and mighty here in Canada as our debt is a disaster also.



Creative Commons License Markets. Business. Life. by LoneRngr (screen name) is licensed under a Creative Commons Attribution 2.5 Canada License. Based on a work at marketsbusinesslife.blogspot.com.Permissions beyond the scope of this license may be available at http://marketsbusinesslife.blogspot.com/.

0 comments:

Post a Comment