BUSINESS BLOGS
BUSINESS BLOGS
category: business
27 Mar 2008
related tags: Uncategorized |

From (of all people) Glenn Beck’s piece on CNN:

Let me give you three numbers that will put this economic asteroid into perspective: $200 billion, $14.1 trillion, and $53 trillion.

  • $200 billion is the approximate total amount of write-downs announced so far as a result of the current credit crisis.
  • $14.1 trillion is the size of the entire U.S. economy
  • And $53 trillion is (drum roll please) the approximate size of this country’s bill for the Social Security and Medicare promises we’ve made.

    • Not good, not good at all.  Read more.