The democratic countries must courageously show a willingness to apply the principles on which their internal system is based to the global sphere
Quote of the day
Email & RSSSign up to oD's editorial summaries email:
openDemocracy likes:
NavigationThe World
Our writersOur Authors around the Web
|
 |
US Bankruptcy - Debt Limit Rise to $ 9.815 trillionPosts: Joined: 2007-04-27
Wed Sep 12, 2007
Senate panel okays $850 billion debt increase
WASHINGTON (Reuters) - The Senate Finance Committee on Wednesday approved an $850 billion increase in U.S. borrowing authority to $9.815 trillion in order to avoid a default as the government nears its credit limit of $8.965 trillion.
http://forum.cromalternativemoney.org/viewtopic.php?t=33
Submitted on Thu, 2007-09-13 22:06
 So what's your point?
Is the burden of the National Debt getting better or worse?
[quote]The question is simple enough, and it's intended especially for politicians fond of pointing only to the big, scary debt number of $9 trillion, while mysteriously avoiding any mention of the big, encouraging GDP number of $14 trillion. When they talk only about a single debt number ($9 trillion), out of context, it's single-entry accounting—but that became obsolete several centuries ago. It's time we introduced our politicians to double-entry accounting, don't you think?[/quote]
http://www.optimist123.com/optimist/
Submitted on Thu, 2007-09-13 22:25
reply Post new comment |
|
|
