Monday, January 30, 2006

National Debt

The United States is about to default as the national debt hovers dangerously close to the amount legally allowed by Congress.

Currently the debt is over $8,198,894,149,978.41
The debt allowed by law is $8,200,000,000,000.00

This allows the government to spend $1.1 billion more, which shouldn't be difficult considering the United States spends roughly $2 billion a day.

This comes as China is readying to dumpt $1 trillion in treasury bills on the market and as the Federal Reserve prepares to cease reporting M3 data, which describes how much paper money is in print.

The United States Dollar is now worthless.