Sleep Soundly
- Donald R. McClarey
Donald R. McClarey
Cradle Catholic. Active in the pro-life movement since 1973. Father of three, one in Heaven, and happily married for 43 years. Small town lawyer and amateur historian. Former president of the board of directors of the local crisis pregnancy center for a decade.
Donald, you just don’t like the old days of programming in COBOL and FORTRAN! Ha! Ha! Ha!
We sure have set ourselves up for financial doom! 😞
Perspecftive.
According to the Fed [if you can believe it] there is approximately $2 trillion in circulating coin and currency [Federal Reserve Notes]. The US money supply M1 is just under $20 trillion. Consumer debt amounts to about $16.5 trillion. US nominal GDP is about $25 trillion. The Federal debt is $31.5 trillion – last time it was greater than GDP was in WWII.