Interesting FACT $$$$$$

Old 03-26-2009, 08:28 PM
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Default Interesting FACT $$$$$$

All the US coins and bills in general circulation in the WORLD today have a total worth of about $829 billion and 2/3rds of that is held overseas.

So how much did we just spend?
Old 03-26-2009, 08:40 PM
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You aren't doing it right. You can spend each dollar 10 or 20 times.

Prob a better indicator of national debt is to compare it to GDP -- the 'value' of what a country generates. I think the new fed budget is something like 20% of GDP. So for every $5 worth of stuff generated in the US, $1 of it is spent by the govt.

The overall spending in the last couple of months coupled with the proposed budget would push us over the edge. The GAO is saying "not sustainable" -- will exceed the US's GDP within a decade. In other words, there will be no reason for anyone to do anything.

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