I know better about the Federal Deficit - it has been climbing and climbing for years... if that was yours or mines checkbook going into the negative we would not have homes to live in, cars to drive or food to eat.
The Federal Deficit is a black-hole and a mystery to us all, yet the government says the economy is strong?!?! Believe me - I am not fooled...
But do not be miss-understood about the interest rates being capped and this money "mysteriously" bales out sub-prime loans - the interest goes into the bank pockets! You, I and Joe Public WILL pay for this in addition to everything else.
A little bit of data for you -
Currently US population is approx 303.5 Million people in the US... at your sources claim at $1M a pop for every citizen that equates to 303.5 Trillion Dollars -
Current National Debt is ~ 9.16 Trillion...
cost of the war is around 3 Trillion... other estimates are around 2 trillion, but lets go with 3 OK?
Now, if the US government can piss out 303.5 Trillion Dollars, why in the hell is the national debt not wiped clean, AND we pay off the war debt now? Why not fund every school 5 millions dollars and cut the gas tax - wipe unemployment and make up jobs with the 303.5 Trillion Dollars this lady says the Dept. of Treasury can spend?
She has been sniffing to much ink near the printing presses if you ask me...
I throw the
at this one... or is she saying we could "just print the money" and place it in circulation?