Did you know that in 1947, to keep the nation running, Washington only collected $2,522(in today's $)per capita in Federal revenue. Today it collects over $2.165 trillion in Federal revenue, that's about $10,200 per capita. This blog uses facts to help expose the endless torment of our two party political system. From incumbent trash that lingers on, to constantly bringing up the $110 trillion plus in unfunded liabilities from entitlement programs.
NEW YORK (CNNMoney) -- Pimco's Total Return Fund (PTTRX), the world's biggest bond fund, slashed its exposure to U.S. government debt to zero last month.
It's the second month in a row that well-known fund manager Bill Gross has drastically reduced Pimco's exposure to U.S. government debt.
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