I’ve always tended to avoid debt. I’m not much of a risk-taker. With this in mind, I was interested to read this Times Online article about The USA’s National Debt. Apparently, Congress has agreed to allow the Government to borrow another $781 billion (£447 billion), increasing the national debt limit — the maximum America can borrow — from $8 trillion and $184 billion to $8 trillion and $961 billion.
This is quite a lot of dosh:
- Enough to buy Buckingham Palace 9000 times (as if you would want to)
- Enough to give every person on the planet $1500.00 (a fortune to many, small change to some)
- Enough to build 28 solid gold Eiffel Towers (another pointless exercise)
- Enough to solve the Palestinian crisis by rehousing every Israeli and Palestinian family in a £1.5m detached house in Henley-on-Thames (Interesting, but they’d probably still bicker over the relative sizes of their swimming pools etc).
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