The World according to DocBrain

Monday, February 09, 2009

What's in your wallet?

http://www.fundmasteryblog.com/2007/10/02/579-trillion-american-net-worth/

The net worth of all Americans is 56 trillion. By this standard, the Congress is spending 2% of all the net assets of America on one imperfect roll of the dice. Even with good odds, would you spend that percent of your own money in Vegas on one hand of cards or one slot pull?

If we are in such serious trouble, how can a 2% investment make a difference? If things aren't that bad, why throw good after bad? Shouldn't we try to regain control of the money we already give to the banks (about 1% of the net assets of America) just a few months ago?

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