Tuesday, September 23, 2008

$250,000.00

One TRILLION dollars?
For what?

BBC News;
There have already been 1.7 million foreclosure proceedings in the US in the first few months of 2007, and up to 2 million homeowners are expected to lose their homes over the next two years -according to estimates by the US congress Joint Economic Committee.

$1,000,000,000,000.00
That's $250,000.00 for every person who could lose their home or has lost their home in the past two years (and next year).
$250,000.00 !
Many of the same people could own their homes for less than 250k.

Other guys who explain it better than myself:
Dream and Hustle - http://dreamandhustle.com/
Raw Dawg Buffalo - http://rawdawgb.blogspot.com/
The Desultory Life and Times - http://thedesutorylifeandtimes.blogspot.com/

Wall Street gets more rich while you get get stuck with the bill.

According to ABC News, the total credit card debt for every American is $960 billion.
One TRILLION dollars could pay off everyone's credit card debt and still have $40 billion left over to give every American $100.

One TRILLION?

No comments: