http://theeconomiccollapseblog.com/archives/destroying-america-it-is-being-projected-that-the-u-s-national-debt-will-hit-99-trillion-dollars-by-2048
With annual budget deficits of $6 trillion.
The author of the above article states: " Of course we will never actually see the day when our national debt reaches 99 trillion dollars. Our government (and our entire society along with it) will collapse long before we ever get to that point. In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive."
I want to know when it will reach $1 quadrillion dollars. And why does it have to end? That is why I started using scientific notation to represent the debt. Computers can represent extremely large numbers in floating point. It is a long way until you reach infinity.
Tuesday, September 18, 2018
Puerto Rico is the newest tax haven
https://www.gq.com/story/how-puerto-rico-became-tax-haven-for-super-rich
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
The super-rich can keep their U.S. passports but don't have to pay any income tax.
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
The super-rich can keep their U.S. passports but don't have to pay any income tax.
Monday, September 17, 2018
Saturday, September 15, 2018
Thursday, September 13, 2018
US Government spent $433 billion in August
https://www.zerohedge.com/news/2018-09-13/us-government-spends-record-433-billion-one-month-deficit-explodes
Today, the US Treasury released the detailed budget deficit breakdown for the month of September and the first 11 months of the year, and the numbers are scary.
According to the latest Monthly Treasury Statement, in August, the US collected only $219BN in tax receipts. The real highlight of the August budget report was that government outlays, or total spending, soared to $433.3 billion, not only 30% higher than a year ago, but the highest government monthly outlay of any month on record.
The August deficit brought the cumulative 2018F budget deficit to over $898BN during the first 11 month of the fiscal year, up a whopping 40% over the past year.
The August deficit brought the cumulative 2018F budget deficit to over $898BN during the first 11 month of the fiscal year, up a whopping 40% over the past year.
Wednesday, September 12, 2018
Military Diet Day One
I've written extensively on the Military Diet before, because it is simple, easy and effective. I'm trying it again. This is my latest attempt with notes and thoughts.
Breakfast
Breakfast
- One whole grapefruit. This was a little expensive, it was over a pound, and it cost $1.60. The official diet calls for 1/2 grapefruit, but I ate the whole thing. What are you supposed to do with the other half? Calories: 100.
- Peanut butter. I looked at the individual servings, but they had sugar in them. So I bought a 15-ounce plastic jar of natural peanut butter with only roasted peanuts and salt. It was very oily, and it kept dripping off the spoon. I ate several spoonfulls, probably 2 ounces. Calories: 400.
Monday, September 10, 2018
Breakdown
It's alright if you love me
It's alright if you don't
I'm not afraid of you running away
Honey, I get the feeling you won't
There is no sense in pretending
Your eyes give you away
Something inside you is feeling like I do
We said all there is to say
Baby Breakdown
Go ahead and give it to me
Breakdown honey take me through the night
Breakdown now I'm standing here can't you see
Breakdown, it's alright
Tuesday, September 4, 2018
Month 2 of the slow-motion meltup
On 7/31/18, the Debt Held By the Public was at $1.5569 x 10^13.
On 8/31/18, the Debt Held By the Public was at $1.5785 x 10^13, an increase of $216 billion in only one month, during which the economy was booming. I think that every month from here on out (with the exception of April) this number will increase more than $100 billion per month.
On 8/31/18, the Debt Held By the Public was at $1.5785 x 10^13, an increase of $216 billion in only one month, during which the economy was booming. I think that every month from here on out (with the exception of April) this number will increase more than $100 billion per month.
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