That was the clock in 2007, now it needs another digit. (Note: Not a joke, now it needs another digit.)
It took the United States 209 years, from the founding of the republic till 1998, to compile the first $5 trillion in national debt. In the decade since, $6 trillion in debt has been added. This means the United States has borrowed more money in the past decade than in all our previous history combined. Almost all the borrowing has been under the direction of George W. Bush — at this point Bush makes Kenneth Lay seem like a paragon of fiscal caution. Democrats deserve ample blame, too. Harry Reid and Nancy Pelosi, Democratic leaders of the Senate and House, have never met a bailout they didn’t like: Harry and Nancy just can’t wait to spend your children’s money. Six trillion dollars borrowed in a single decade and $1.5 trillion borrowed in 2008 alone. Charles Ponzi would be embarrassed.
Posts tagged as:
finances
This Makes No Sense
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Microsoft Money and a Mac
Warning! Do not be fooled by what you might read anywhere on the Internet. If you have been using Microsoft Money and you switch to a Mac, you are screwed. There is nothing comparable for the Mac. No … Quicken is not an option. No, there is no version of Microsoft Money in development for the Mac. No, there are no other software programs available which are even remotely similar. No, none of the other potential financial software programs will allow you to successfully import your MSMoney data. No, you are not going to find another financial software application that is freeware or shareware or open source that comes close to Microsoft Money. No, you should not believe any website that attempts to explain how to convert your Microsoft Money file(s) for use in any Macintosh program.
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BoA
The Bank of America’s Economic Research Division released a report on Wednesday. They worked pretty quickly (IMHO) to produce gems like, “The economy, which had been experiencing anemic growth prior to the terrorist attacks, is expected to be negatively affected in the short-run,” and, “Consumer spending will weaken from its earlier forecast 2.5% annualized growth pace in 2001Q3.” This is fascinating stuff if you are interested in how our nation’s finances work.
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Robbing Peter to Pay Paul
Today I made a daring attempt to rob Peter to pay Paul. Unfortunately for me, Peter’s alarm system was much more robust than I had expected. Paul is going to be angry with me. Peter is a jerk.
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