Two news stories on Straits Times caught my attention. You should check them out too.
WASHINGTON – THE US debt is on track to hit a congressionally proposed debt ceiling of 14.3 trillion (S$60.6 trillion) by the end of February, the Treasury said on Wednesday, a day ahead of a key vote to raise it to that level.
NEW YORK – BAILED out US insurance giant AIG, now 80 per cent government owned, will distribute about US$100 million (S$141 million) of bonuses to employees on Wednesday, a person close to the matter said.
Wow, maybe the US should be charged credit-card rates for the money they owe and the Treasury folks should contact our National Council on Problem Gambling.
And whatever the rest of the story is about justifying the $100m in bonuses is just pure BS.
US is going downhill. Some other country will take over the world soon. They are in shit. Deep, deep shit.
February 4, 2010 at 10:36 am
Hahahaha
This is just after the senate decides to keep Bernanke as chief of federal reserve FOR A SECOND TERM..
You would have thought people learn from their mistakes.