national debt jumps almost $700 billion in ONE MONTH

[GoldenBoy812]

ink and paper is what caused the current global crisis, and the ink and paper in the national debt is a greater threat to US national security than terrorism

that paper is made up of US treasury notes which are guaranteed by the US government and must be repaid PLUS interest...last year, the interest expense on the national debt was $451 billion and next year, it will be over $500 billion

Care to cut and run around these statements?

LIBOR generally went up since september despite rate cuts because banks have been sitting on their cash since they are afraid to trade with eachother (and required more interest to compensate for risk/liquidity issues)...LIBOR suddenly dropped over the past week because governments embraced socialism

Its funny what a wikipedia/ google education will cause most of the time. A quick synthesis with very little substance. Fascism is more in line to what is going on as opposed to socialism. Keep trying, one day you could wind up actually contributing:jointsmile:

GoldenBoy812 Reviewed by GoldenBoy812 on 10-17-2008. national debt jumps almost $700 billion in ONE MONTH US national debt sept 15/08: $9.634 trillion US national debt oct 15/08: $10.326 trillion that is equal to: $23 billion per day $960 million per hour Rating: 5