02 January, 2007

fiscal conservative republians?

The USA, our country, announced on Dec. 15 that it lost about $450 billion in fiscal 2006. Its auditor found that its financial statements were unreliable and that its controls were inadequate for the 10th straight year. On top of that, the entity's total liabilities and unfunded commitments rose to about $50 trillion, up from $20 trillion in just six years. To put the figures in perspective, $50 trillion is $440,000 per American household and is more than nine times as much as the median household income

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