Saturday, June 23, 2012

If I had a Billion dollars...


What is a billion dollars? It is a thousand million. The one hundred-seventy-three billion we (the US treasury) loaned the AIG group is nearly six hundred dollars for every man, woman, and child in the U.S.A. The federal debt is over $7.000 for each of us. Where does it stop. Put into perspective, the federal debt is $45000 per family of five. If that were a car at 5.0% interest the monthly payment would be $850.00 per month for 5 years put over 20 years it still be would be $300.00.If we did no more deficit spending or borrowing.



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