This is an excellent fact filled piece. Here are a few other fun facts. The drama and confusion in Cyprus continues. Who will win in the end is anybody’s guess. At the moment the banksters, the EU, and the IMF (the Capitalists) seem to have the upper hand. But stay tuned. In 1948 our national debt was about 10x’s larger than our budget. Debt: $252 billion and budget $29.8 billion. We survived. Today our national debt is only 4x’s larger than our budget. Debt: $16 trillion and budget $ 3.7 trillion. So what’s the problem? Why do we need austerity?
This is an excellent fact filled piece. Here are a few other fun facts. The drama and confusion in Cyprus continues. Who will win in the end is anybody’s guess. At the moment the banksters, the EU, and the IMF (the Capitalists) seem to have the upper hand. But stay tuned. In 1948 our national debt was about 10x’s larger than our budget. Debt: $252 billion and budget $29.8 billion. We survived. Today our national debt is only 4x’s larger than our budget. Debt: $16 trillion and budget $ 3.7 trillion. So what’s the problem? Why do we need austerity?