Monday, January 25, 2010

Who Is In Need Of New Regulatory Rules?

Would a bank be allowed to remain open with books looking like this?

Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

Total public debt subject to limit Jan. 22 - 12,245,872
Statutory debt limit - 12,394,000
Total public debt outstanding Jan. 22 - 12,302,465
Operating balance Jan. 22 - 142,454
Interest fiscal year 2009 - 383,365
Interest fiscal year 2008 - 451,154
Deficit fiscal year 2009 - 1,417,121
Deficit fiscal year 2008 - 454,798
Receipts fiscal year 2009 - 2,104,613
Receipts fiscal year 2008 - 2,523,642
Outlays fiscal year 2009 - 3,521,734
Outlays fiscal year 2008 - 2,978,440
Gold assets in September - 11,041

SOURCE

Another gloomy dicussion Economic Black Hole: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

No comments: