Readers say this about Our 2 Trillion Dollar Hole

Only fools and cartoon characters believe the way out of a hole is to dig deeper.

Deflect blame from yourass/yourteam. That usually gets things fixed!!!

We are clearly bankrupt. The only Christian thing to do is to dissolve the bankrupt Government Corp. and start over. Going back to the original Constitution. The framework is allready drawn, just burn down this lossy current build.

Until we all reject the Western Creed, we will be slaughtered in the name of Christ by the Vatican.

We would need a bit more than $900 billion per year to fully fund a US version of the British National Health Service (universal health care).

Powerful people like to lay low and get their work down without exposure.

whine and scream and offer irrational arguments - full of hatred and anger ... such small-mindedness ... yet we flock to it like maggot flys.

we should all not be afraid to say what we believe is the truth. I am tired of being harnesed by what is politicly correct, it is only words.

eschew intelligent civil discourse in favor of loud, brash, opinions that stir up a hornet’s nest.

$9 trillion in red ink from 2010 to 2019 (whitehouse.gov)

Projections for the future deficit of the US government just keep getting scarier. On Tuesday, the White House released new figures predicting a cumulative $9 trillion in red ink from 2010 to 2019. That’s $2 trillion more than the administration had estimated just in May.

But wait: Maybe things aren’t so bad after all. The Congressional Budget Office also released a new deficit forecast on Tuesday: a 10-year shortfall of a mere $7 trillion. That’s not much worse than CBO’s last prediction.

http://features.csmonitor.com/politics/2009/08/25/trillion-dollar-deficits-how-serious-are-they/

$182.5 billion lost and the Boss can't remember any names ... sure that's the ticket

The perception was that the very same people who had made these insane, greed-driven decisions that might cost the U.S. taxpayer $182.5 billion were still paying themselves big bucks! An exchange between C.E.O. Liddy and Florida congressman Alan Grayson captured the spirit of that moment:

grayson: Mr. Liddy, you said before that there’s 20 or 25 people who were involved in the credit default business. What are their names, please?

liddy: I don’t have their names at my disposal, sir. grayson: Well, I’m sure you remember a few of the names. I mean, they did cause your company to crash.

liddy: You know, I’ve been at the company, as you know, for six months. I don’t know all the people that were in AIG F.P., and many of them are gone.

grayson: Well, there or gone, it doesn’t really matter. I want to know who they are. Names, please.…

liddy: If it’s possible to provide you the names, we will. We will cooperate with you.

grayson: That’s good, but I want to know the names that you know right now.

liddy: I don’t know them, sir.

grayson: Not a single one. You’re talking about a group, a small group of people who caused your company to lose $100 billion, as you sit here today, you can’t give me one single name.

liddy: The single name I would give you is Joseph Cassano, who ran …

grayson: That’s a good start. You already gave that name. Give me another name.

liddy: I just don’t know them. I do not know those names. I don’t have them all at my command.

grayson: Well, how can you propose to solve the problems of the company that you’re now running if you don’t know the names of the people who caused that problem? … I would expect you’d at least know more than one name. How about two names? Give us one more name.

liddy: I’m just not going to do that, sir, because that will provide—that’ll be the—that could be a list of people that we could do—individuals who want to do damage to them could do that. It’s just not …

grayson: Well, listen, these same people could now be working right now today at Citibank. Is it more important to protect them, the ones who caused the $100 billion loss, or protect us? Which is more important to you right now?


http://www.vanityfair.com/politics/features/2009/08/aig200908

$1.6 trillion in DEBT... you owe ~$6000 ... [1 trillion = million * million]

The US budget deficit will soar to almost $1.6 trillion (£978bn) this year, the highest on record, both the White House and Congress have warned.

Fuelled by President Obama's $787bn stimulus package and reduced tax revenues due to the recession, it compares with a $455bn deficit in 2008. 

The White House says the deficit will grow further, predicting it will hit a cumulative $9tn from 2010-2019.


$455B deficit in 2008

$1600B deficit  in 2009

or

$1,600,000M/265M

= $6,038 / person of DEBT

~ before the banker bailout you owed just about

$2000

a trillion = million * million

2019 $9T is $38,100 / person of DEBT


SOURCE BBC ... http://news.bbc.co.uk/2/hi/business/8221207.stm