Monday, August 01, 2011
The US House of Representatives has voted to raise the debt ceiling. There was some talk of "cuts" in spending; they'll never happen.
So, the United States now have a recognized debt of $14 x 10^12. In addition, they have $100 x 10^12 in unfunded liabilities.
We're screwed. Actually, we're screwed, blued, and tattooed. China's going to have to take us into receivership. Which, given our inability to manage ourselves, might be a good thing.
(BTW, am I the only person worried by the fact that we now need scientific notation to represent budget number in a reasonable space?)
So, the United States now have a recognized debt of $14 x 10^12. In addition, they have $100 x 10^12 in unfunded liabilities.
We're screwed. Actually, we're screwed, blued, and tattooed. China's going to have to take us into receivership. Which, given our inability to manage ourselves, might be a good thing.
(BTW, am I the only person worried by the fact that we now need scientific notation to represent budget number in a reasonable space?)
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