Monday, February 08, 2010

Interesting Facts

Based on the fiscal 2011 budget, the U.S. government will borrow $1 out of every $3 it spends. That’s like earning $100,000/year and spending $149,000/year.

In fiscal 2001, the government took in tax receipts of $2 trillion and spent only $1.9 trillion. The $128 billion excess was the last year the U.S. had a surplus.

1 year ago on 3/9/09, the S&P 500 hit a bear market low of 677. Since then it’s climbed 73.2% before falling 7.2% to last Friday’s close of 1066. Still a nice increase!

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