>When are the Banks going to foreclose.
>
>>This below states the USA financial position succinctly:
>>
>>U.S. Tax revenue: $2,170,000,000,000
>>. Fed budget: $3,820,000,000,000
>>. New debt: $ 1,650,000,000,000
>>. National debt: $14,271,000,000,000
>>. Recent budget cut: $38,500,000,000
>>
>>Now just remove 8 zeros and pretend it is a household
>>budget:
>>
>>. Annual family income: $21,700
>>. Money the family spent: $38,200
>>. New debt on the credit card: $16,500
>>. Outstanding balance on the credit card: $142,710
>>. Total budget cuts: $385


Whats the USA worth ?

ie value of family house to be borrowed against to relieve short term debt. Or do Mummy and Daddy take the kids out of school,sack the cleaner, not repair the roof etc to "balance the books"