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General discussion

U$ economy

Apr 29, 2005 8:07PM PDT

These stats are according to the latest issue of Business Week (p. 16):

Did you know that $1,800 in single dollar bills, piles up to one foot!
The distance to the moon is 239,000 miles.
The gross federal debt is $7.8 trillion!
If you pile that amount up in single dollar bills you will reach the length of 820,707 miles!

At least there is enough length to send the entire administration to the moon! And with a one way ticket!

Discussion is locked

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Are you old enough to remember
Apr 29, 2005 8:31PM PDT

back through many administrations and how things fluctuated from one to another? There were the Camelot years when everybody had it pretty good with a great outlook, and for years after it was pretty grim under a couple of new administrations. If you compare the economy today with some of those other years and administrations, it's actually better than some of those.

And considering the rate of inflation for products, no matter what they are (a gallon of milk in 1954 was $.50 plus $.50 deposit on the glass jug compared to $3.50+ today), the national debt will always be higher than it was previously just because what it pays for costs more now.

When I was raising two kids in 1969, the most I was getting paid was $110 per week for 40 hours......and made house payments, utilities, car payments, gas, food, babysitters, clothes. A local bus cost a quarter with a free pass for the next bus if you had to transfer and take two buses to get to the job......I don't even want to think about what that same bus trip would cost today. A gallon of gas in 1971 was 39 cents and when it price started to go up slightly, Nixon called for gas lines and reduced the highway speed from 70MPH to 55 to conserve fuel. It's only been in the last ten years or so that the speed limit on highways came back up.

Even on a fixed income today, I have more than I ever had in my working days when 'things were good'...things today are only bad if you talk to the unemployed (and even that percentage has been slowly coming back down) and the gloom and doom folks who complain about everything every administration.

TONI

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I agree
Apr 30, 2005 8:12PM PDT

There are many stores locally with help wanted signs taped to the counter tops, and a huge banner nailed on the bricks outside.

We can't hire people at seventy five cents over minimum wage. I have people that can't read or write tell me that can earn more being a helper in the construction trades.

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Great, can we send all the lazy loafers
Apr 30, 2005 4:44AM PDT

we are supporting too? The ones we pay to build up their military like the Israelis and the ones we pay to keep it less threatening like the Koreans and the ones we just feed like the 20 Billion we sent to Africa?