<html><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div dir="ltr" id="yui_3_16_0_1_1418134274117_17985"><span id="yui_3_16_0_1_1418134274117_17984">And this is a problem...because? <br>Debt for a sovereign government that issues its own currency and has the power to tax is different from an individual or a government that doesn't have its own currency (ie, Greece). Read here:</span></div><div dir="ltr" id="yui_3_16_0_1_1418134274117_17985"><br></div><div dir="ltr" id="yui_3_16_0_1_1418134274117_17985"><span id="yui_3_16_0_1_1418134274117_18992"><a href="http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why" id="yui_3_16_0_1_1418134274117_18991">The Federal Budget is NOT like a Household Budget: Here’s Why | Roosevelt Institute</a><br></span></div><div style="width:450px; font-family: 'Georgia', 'Times', 'Times New Roman', 'serif';margin-top:5px; margin-bottom: 5px; background-color: #ffffff;" contenteditable="false" id="enhancrCard_0" class="link-enhancr-attachment link-enhancr-element"><table class="link-enhancr-element" cellspacing="0" cellpadding="0" border="0" style="width:450px; height:auto; position: relative; display: block;" id="yui_3_16_0_1_1418134274117_19017"><tbody id="yui_3_16_0_1_1418134274117_19016"><tr class="link-enhancr-element"><td class="link-enhancr-element" colspan="7" style="height: 1px; background-color: #e5e5e5; font-size: 1px; border-collapse: collapse;"><div class="link-enhancr-element" style="height: 1px; background-color: #e5e5e5; font-size: 1px; line-height:0px;"> </div></td></tr><tr class="link-enhancr-element" id="yui_3_16_0_1_1418134274117_19033"><td rowspan="5" class="link-enhancr-element" style="width: 1px; background-color: #e5e5e5; font-size: 1pt; border-collapse: collapse;"><div class="link-enhancr-element" style="width: 1px; background-color: #e5e5e5; font-size: 1pt;"> </div></td><td rowspan="5" class="link-enhancr-element" style="width: 14px; background-color: #ffffff; font-size: 0pt; border-collapse: collapse;"><div class="link-enhancr-element" style="width: 14px; background-color: #ffffff; font-size: 14pt;"> </div></td><td colspan="2" class="link-enhancr-element" style="height: 6px; background-color: #ffffff; font-size: 0pt; border-collapse: collapse;" id="yui_3_16_0_1_1418134274117_19032"><div class="link-enhancr-element" style="height: 6px; background-color: #ffffff; font-size: 6pt;" id="yui_3_16_0_1_1418134274117_19031"> </div></td><td rowspan="5" class="link-enhancr-element" style="width: 20px; background-color: #ffffff; font-size: 0pt; border-collapse: collapse;"><div class="link-enhancr-element" style="width: 20px; background-color: #ffffff; font-size: 20pt;"> </div></td><td class="link-enhancr-element" rowspan="5" width="1" style="width: 1px; background-color: #e5e5e5; font-size: 1pt; border-collapse: collapse;"><div class="link-enhancr-element" style="width: 1px; background-color: #e5e5e5; font-size: 1pt;"> </div></td></tr><tr id="yui_3_16_0_1_1418134274117_19015"><td class="link-enhancr-element" colspan="2" style="width: 100%; vertical-align: middle; font-family: 'Georgia', 'Times', 'Times New Roman', 'serif';" id="yui_3_16_0_1_1418134274117_19014"><div class="link-enhancr-text-part link-enhancr-element" style="line-height:16.5px; background-color: #ffffff; width: 414px;" id="yui_3_16_0_1_1418134274117_19013"><div class="link-enhancr-element" style="word-wrap: break-word; word-break: break-all;" id="yui_3_16_0_1_1418134274117_19012"><span class="link-enhancr-element icon icon-shrink link-enhancr-toggle"></span><span class="link-enhancr-element icon icon-close link-enhancr-delete"></span><a href="http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why" class="link-enhancr-card-urlWrapper link-enhancr-element" style="text-decoration: none !important; color: #000000 !important; line-height: 100%; font-size: 18px; display: block;" id="yui_3_16_0_1_1418134274117_19011"><span class="link-enhancr-element link-enhancr-card-title" style="margin: 0; font-weight: normal;margin-bottom: 3px; font-size: 18px; line-height: 21px; max-height: 43px; color: #000000; overflow: hidden !important; display: inline-block;" id="yui_3_16_0_1_1418134274117_19010">The Federal Budget is NOT like a Household Budget: Here’s Why | Roosevelt Institute</span></a><div style="font-size: 13px; line-height: 20px; color: #999999; max-height: 81px; font-family: 'Georgia', 'Times', 'Times New Roman', 'serif';overflow: hidden;" class="link-enhancr-card-description link-enhancr-element" id="yui_3_16_0_1_1418134274117_19018">The Federal Budget is NOT like a Household Budget: Here’s Why L. Randall Wray takes the fear and loathing out of understanding federal budget deficits. </div></div></div></td></tr><tr id="yui_3_16_0_1_1418134274117_19021"><td colspan="2" class="link-enhancr-element" style="height: 6px; background-color: #ffffff; font-size: 0pt; border-collapse: collapse;" id="yui_3_16_0_1_1418134274117_19020"><div class="link-enhancr-element" style="height: 6px; background-color: #ffffff; font-size: 6pt;" id="yui_3_16_0_1_1418134274117_19019"></div></td></tr><tr id="yui_3_16_0_1_1418134274117_19026"><td class="link-enhancr-element" style="vertical-align: middle; font-family: 'Arial', 'Helvetica Neue', 'Helvetica', 'sans-serif';" id="yui_3_16_0_1_1418134274117_19025"><div class="link-enhancr-element" style="font-size: 0pt;" id="yui_3_16_0_1_1418134274117_19024"><a href="http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why" class="link-enhancr-card-url link-enhancr-element" style="color: black; text-decoration: none !important;cursor:pointer !important;" target="_blank" id="yui_3_16_0_1_1418134274117_19023"><span class="link-enhancr-element link-enhancr-view-on" style="display: inline-block; line-height: 11px; max-width: 314px; min-width: 254px; overflow: hidden; max-height: 13px; word-break: break-all;" id="yui_3_16_0_1_1418134274117_19007"><span class="link-enhancr-element link-enhancr-mobile-no-resize" style="vertical-align:middle; font-size: 9px; line-height: 11px; color: #999999; -moz-text-size-adjust: none; -ms-text-size-adjust: none; -webkit-text-size-adjust:none; text-size-adjust:none;" id="yui_3_16_0_1_1418134274117_19022">View on <span style="font-weight: bold" class="link-enhancr-view-on-domain" id="yui_3_16_0_1_1418134274117_19030">www.rooseveltinstitute.org</span></span></span></a></div></td><td class="link-enhancr-element" style="vertical-align: middle; width: 100px; font-family: 'Arial', 'Helvetica Neue', 'Helvetica', 'sans-serif';" id="yui_3_16_0_1_1418134274117_20147"><div class="link-enhancr-element link-enhancr-preview-wrapper" style="max-width: 100px; min-width: 80px; overflow: hidden; text-align: right; line-height: 11px; max-height: 13px; font-size: 0pt;" id="yui_3_16_0_1_1418134274117_20146"><span class="link-enhancr-element link-enhancr-preview-by link-enhancr-mobile-no-resize" style="vertical-align:middle; font-size: 9px; line-height: 11px; color: #999999; -moz-text-size-adjust: none; -ms-text-size-adjust: none; -webkit-text-size-adjust:none; text-size-adjust:none;">Preview by Yahoo</span></div></td></tr><tr id="yui_3_16_0_1_1418134274117_19029"><td colspan="2" class="link-enhancr-element" style="height: 9px; background-color: #ffffff; font-size: 0pt; border-collapse: collapse;" id="yui_3_16_0_1_1418134274117_19028"><div class="link-enhancr-element" style="height: 9px; background-color: #ffffff; font-size: 9pt;" id="yui_3_16_0_1_1418134274117_19027"></div></td></tr><tr class="link-enhancr-element" id="yui_3_16_0_1_1418134274117_19038"><td class="link-enhancr-element" colspan="7" style="height: 1px; background-color: #e5e5e5; font-size: 1px; border-collapse: collapse;" id="yui_3_16_0_1_1418134274117_19037"><div class="link-enhancr-element" style="height: 1px; background-color: #e5e5e5; font-size: 1px; line-height:0px" id="yui_3_16_0_1_1418134274117_19036"> </div></td></tr></tbody></table></div><div id="yui_3_16_0_1_1418134274117_17985" dir="ltr"> It's the same thing my Econ 101 professor taught back in the last century.</div><div></div><div id="yui_3_16_0_1_1418134274117_18003"> </div><div class="signature" id="yui_3_16_0_1_1418134274117_17981">Ron Force<br>Moscow Idaho USA</div> <div class="qtdSeparateBR"><br><br></div><div class="yahoo_quoted" style="display: block;"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div dir="ltr"> <font size="2" face="Arial"> On Monday, December 8, 2014 3:29 PM, Paul Rumelhart <paul.rumelhart@gmail.com> wrote:<br> </font> </div> <br><br> <div class="y_msg_container"><div id="yiv5181183309"><div dir="ltr"><div>I hadn't looked at <a rel="nofollow" target="_blank" href="http://usdebtclock.org/">http://usdebtclock.org</a> for a while, and just noticed that we passed the $18 trillion dollar mark. I'm not sure exactly when we crossed it.<br><br></div><div>Perhaps we should be doing something about this.<br></div><div><br></div>Paul<br></div></div><br>=======================================================<br> List services made available by First Step Internet,<br> serving the communities of the Palouse since 1994.<br> <a href="http://www.fsr.net/" target="_blank">http://www.fsr.net</a><br> mailto:<a ymailto="mailto:Vision2020@moscow.com" href="mailto:Vision2020@moscow.com" onclick="window.open('https://mail.google.com/mail/?view=cm&tf=1&to=Vision2020@moscow.com&cc=&bcc=&su=&body=','_blank');return false;">Vision2020@moscow.com</a><br>=======================================================<br><br></div> </div> </div> </div> </div></body></html>