Fact of the Day

The United States Federal Government has almost as much debt ($9.1 trillion) as the entire New York Stock Exchange has equity ($9.6 trillion). Of course these are off by half a trillion, or $500 billion, but that’s only the federal government – municipal governments have 1.8 trillion dollars worth of debt.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s