The state of the country is a worry
Posted on Jun 16, 2009
in Financial & Investment Info
From - Ross Greenwood of Money News
Right now the Federal Government is at pains to tell everyone - including us the mug-punters to the International Monetary Fund that it will not exceed its own, self-imposed, borrowing limits. How much? $200 billion. And here's a worry. If you work in a bank's money market operation; or if you are a politician; the millions turn into billions and it rolls off the tip of the tongue a bit too easily.
But every dollar that is borrowed, some time, has to be repaid. By you, by me and by the rest of the country.
Just after 5 o'clock tonight I did a bit of maths for Jason Morrison. But it's so staggering its worth repeating now. First though ... here's…

