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View Diary: Economics Daily Digest: You never forget your first trillion (9 comments)

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  •  Per household (0+ / 0-)

    1,000,000,000,000.00 = approx $8,770.00 per US household.

    Bush tax cuts through 2010 = approx $21,000.00 in lost revenue per US household

    Lost Revenue (Examiner) offshore = 280,000,000,000.00 div by 117,000,000 = $2,400.00 in lost revenue PER YEAR per US household.

    Chinese investment in Bonds during Iraq conflict boosted the econ 1,400,000,000,000 div by 117,000,000 = $11,970.00 per  US household- or .. subsidized the war- caused Bush to say shop more- what he really meant was buy Chinese.

    First major oil contract in Iraq towards end of war: Chinese Petroleum Corp (China Wire)

    and developing Ramallah (sp?) field with BP.

    And Mitt's proposed 2.1 trillion increase in defense spending?

    Just keep throwing around those trillions- we don't know how to cancel zeros and divide-- and we just love it.

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