Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority | CNSnews.com

Posted by highlysuspect on March 31, 2011 in politics | ∞

Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940–and that you were more than $14,000 in debt.

Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.

Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.

via Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority | CNSnews.com.

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