Arno

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    • A Quick Review of I.O.U.S.A. [view article]
      Anyone seeing the movie should get the clear message that this nation is heading toward a fiscal train wreck. But the details of that train wreck were just not covered in adequate detail through IOUSA. In fact, what few concrete explanations did exist in the movie were rushed through. As an example, there was one scene that put the cost of unfunded government liabilities above $53 trillion. But the calculation started with $11 trillion and no explanation of what it stood for, and ended with $1 trillion in "Miscellaneous&qu... liabilities. I was not at all impressed with the movie, or the "Empire of Debt" book that it was based off for that matter. It's an important topic, but there are far better sources out there for learning about it.
      www.geldpress.com/2008.../
       Aug 24 10:02 PM
    • Debt Ceiling Upped to $10.615tn, Just in Case [view article]
      The debt "ceiling" is an anachronism. We overspend until we get close to the limit, then we raise the ceiling and start over! The debt ceiling was first created in 1917 with the second liberty bond act.
      www.geldpress.com/2008.../
       Jul 30 11:23 PM
    • National Debt & Interest Payments For Fiscal 2008 [view article]
      Also check out a great article on how to interpret the 2 components of the national debt - debt held by the public and intragovernmental holdings:
      www.geldpress.com/2008.../
       Jul 20 04:01 PM
    • Apple's 3G iPhone Appears Profitable [view article]
      According to geldpress, AT&T is losing money on the iphone data plan, despite the higher charge:
      www.geldpress.com/2008.../
       Jul 16 10:53 AM
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