January 28, 2010.
Resolved, That the resolution from the House of Representatives
(H.J. Res. 45) entitled ‘‘Joint resolution increasing
the statutory limit on the public debt.’’, do pass with the
following
AMENDMENT:
Strike all after the resolving clause and insert the
following:
That subsection (b) of section 3101 of title 31, United States
Code, is amended by striking out the dollar limitation contained
in such subsection and inserting in lieu thereof
$14,294,000,000,000.
Thursday, February 4, 2010
Subscribe to:
Post Comments (Atom)
Posts
Congress just raised the debt limit to $14.3 trillion. Although this isn't the actual US debt just yet, Obama is expected to hit this by the end of this year or early next year. Check out the following:
ReplyDeletehttp://www.wolframalpha.com/input/?i=14.3+trillion+%2F+adults+in+united+states
The federal government has me more in debt than my house does.
...and remember that 32% of all tax filers owe zero tax liability (http://www.taxfoundation.org/research/show/1111.html). So the equation is amended to the following:
http://www.wolframalpha.com/input/?i=14.3+trillion+/+((1-.32)(adults+in+united+states))
Yup, $103,092.00 per tax paying person.