Thing that make you go “hmmm”
This week’s “thing that make you go hmmm”. Another great report…..
“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, and are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget and debt, reduced to a level that we can understand.” unknown
“…people worried about US creditworthiness are buying the debt at record high prices of the same country they’re worried about…. people worried about banks are selling their bank stocks to get cash so they can deposit it back into the same bank… it doesn’t make any sense”– DICK BOVE
Full must read report, Hmmm August 14 2011