Saturday, July 16, 2011

My Kingdom for $160 billion

Among the options being considered to raise revenues while borrowing is prohibited, are the suspension of non-critical payments, and the sale of federally-owned student loans, mortgages, and even gold reserves.

The government is facing a $159 billion deficit in August, according to the Bipartisan Policy Center.Business Insider

$160 billion is chicken feed for Uncle Sam

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