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It is. And if all those shares were cashed out and donated to the government, it would only reduce the national debt by about 8%.
by spking 19y ago
It is. And if all those shares were cashed out and donated to the government, it would only reduce the national debt by about 8%.
- rms 19y agoUS National debt is 9 trillion which means only a 2% reduction in national debt if Google were cashed in and donated. But hey, in the textbook Benjamin Bernanke wrote used for my intermediate microecon class he said that old models said that a government can't operate with continually increasing debts and trade deficits, which led him to conclude that the old models are wrong instead of concluding that the US economy is facing an impending collapse. This guy literally wrote the book on Economics so he can't be wrong, right?