Business

World stock markets steady but wary, watching US moves

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By Deutsche Presse-Agentur dpa Oct 1, 2008, 14:54 GMT


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More debt for US TaxpayerOct 1st, 2008 - 22:57:47

The national debt was about $5.7 trillion when Bush took office in January 2001. Today, after almost eight years and a couple of wars, the debt has risen to about $9.7 trillion.

And, by the way, that figure might rise another $1 trillion or so before Bush steps down on Jan. 20.

The national debt ceiling today is $10.6 trillion. Treasury Secretary Henry Paulson wants Congress to raise that to $11.3 trillion to clear the decks for massive borrowing to deal with the nation’s financial crisis.

A national debt of $11.3 trillion would come to more than $37,000 each for every man, woman and child in the United States.

And all this comes during an era of allegedly conservative, fiscally responsible Republican domination in Washington.

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In other wordsOct 1st, 2008 - 23:07:03

if the US was a business, it would be bankrupt.

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lanceOct 1st, 2008 - 23:13:34

Indentureship exists in the U.S. When you are born you owe the feds about $35,000.00 whether you like it or not. It is a form of slavery. There is no way to escape your master and bondage.

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okOct 2nd, 2008 - 00:07:36

the taxpayer must foot the bill because bush and assholes like sp4 rape the working people ,,,,ha ha ha ha on you sp4 you lame brian s.o.b and your idiot president goofy.

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