HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Tue, 24 Nov 2009 01:14:49 +0000 http://wordpress.org/?v=2.1.3 en Snapshot: US Economy http://watchmojo.com/web/blog/index.php/2008/03/27/snapshot-us-economy/ http://watchmojo.com/web/blog/index.php/2008/03/27/snapshot-us-economy/#comments Thu, 27 Mar 2008 16:32:01 +0000 Ashkan Karbasfrooshan Uncategorized http://watchmojo.com/web/blog/index.php/2008/03/27/snapshot-us-economy/ 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.

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