WILL THE U.S. TREASURY RUN OUT OF MONEY ON AUGUST 2, 2011

7/27/2011

CHICAGO-(AEAE)-A UNIVERSITY OF CHICAGO FAMOUS ECONOMIC PROFESSOR OFFERED A QUIZ TO HIS STUDENTS THAT THE READERS OF THIS BLOG ARE NOW BEING ASKED TO TAKE.
1. How long can a business last that owes 14.3 Trillon dollars and that is forced to continue to borrow 40% of its financial obligications each month?
2. How long can a business last that owes 14.3 Trillion dollars and spends 40% more each month than it takes in?
3. How long can a business last that owes 14.3 Trillion dollars and has to raise its own debt limit every other year in order to borrow more money to pay its debts?
4. How long can a business last that owes 14.3 Trillion dollars and has to pay 40 Billion dollars a month in interest payments on its debts, which it borrows each month, in order to pay the interest?
5. Can you name the business that we are talking about?

2 Comments

Leo Suxx

7/26/2011 03:28:46 pm

Don't worry, douchebag, the government will come up with enough money to house your fat ass in a federal pen for the next 3-9 years.

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