Archive for December 21st, 2010

U.S. Government Liabilities Leaped $2 Trillion in Fiscal 2010


Tuesday December 21st, 2010   •   Posted by David Theroux at 5:48pm PST   •   0 Comments

In an article from Reuters, David Lawder reports that a new U.S. Treasury report of cash holdings, “The Financial Report of the United States,” shows that the U.S. government went into greater debt in fiscal year 2010 to the tune of additional $2 trillion. Unfortunately, the report does not include the massive land, minerals,...
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What This Year’s Deficit Is Worth


Tuesday December 21st, 2010   •   Posted by Craig Eyermann at 7:47am PST   •   1 Comment

Just this past summer, the amount of the U.S. budget deficit would be for Fiscal Year 2010 was, at that time, estimated to be 1.47 trillion dollars, which is a big number. So big, in fact, that the Washington Post’s Ariana Eunjung Cha did some math to express that 1,470,000,000,000 figure into more familiar...
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