All of our problems explained in one paragraph:
“Ben Bernanke, Homeowner: After refinancing his mortgage twice, the Federal Reserve chairman owes $672,000 on his roughly $850,000 home, The Wall Street Journal reports. The second refinancing was after the Fed announced its “Operation Twist” program, designed to lower long-term borrowing rates.”
What more need I say . . . ?
Update: December 14, 2011 1:15pm
The crowd has persuaded me.
No, this does not sum up all of the US problems in one paragraph . . .