"With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income."
-- Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas in Remarks before the Commonwealth Club of California
San Francisco, California
May 28, 2008
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That reminds me of Rule#1 of holes: If you find yourself in one, stop digging.
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