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The world according to Americans

CIA World Factbook - Current Account Balance

Can you find the US? No..scroll down a little more!

$ -747,100,000,000 that’s the US current account balance.

“The unfunded liabilities of the US government amount to $500,000 per American household. As no more than one or two percent of American households can come up with this kind of cash, the US government is essentially bankrupt. The bankruptcy will worsen as offshoring moves more US GDP abroad while simultaneously raising the trade deficit and indebtedness of the country.” 

- Paul Craig Roberts, was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal.

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Comments 1

  1. Emeric wrote:

    Probably one of the best blog entery on the entire Internet!
    WELL DONE GEORGE

    Posted 22 Aug 2008 at 9:32 am ¶

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    • Written by Jonathan
    • April 13th, 2008 at 12:26 pm
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