10.16.2008

Fixing Our Financial Fallacy

Last week, Bill Maher did an interview with the guy who used to oversee the government and how (poorly) it manages/spends our money. He's David Walker, former U.S. Comptroller General at the Government Accountability Office. While the debt clock passed $10 trillion, he estimates our total financial obligations above $50 trillion. That's like 903 Warren Buffets or 965 Bill Gateses (roughly) liquidating their net worth and handing it over. There are a little more than 1,000 Billionaires in the world. Maybe we should ask one of them what to do, if not ask them for money. Damn we're in trouble.

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