Every British child born owing GBP 20,000? Lower than an US child, by the time Zero is done.
Failed gilt auction stokes fears over UK economy
The Government has suffered a major blow to its economic stimulus ambitions after an auction of Treasury gilts failed for the first time in more than a decade, underlining the market’s fears about the state of the nation’s finances.
Last night on FOX Business it was reported that every US family of 3 now owes $116,000 in govt debt.
Send it in pennies!