No billions or trillions needed -- here's the simplest num ber to describe the dismal state of the US economy:
With the departure of chief economic adviser Austan Goolsbee, that's the number of members from the original Obama economic team still working for the administration, not quite three years into the first term.
Rats, say goodbye to the ship of state: Gone are Christina Romer, Larry Summers, Peter Orszag. Headed out is Goolsbee, who abruptly announced his resignation Monday to return to teaching at the University of Chicago.
With the water lapping over the gunwales, the lone oldout is Treasury Secretary Tim Geithner, the former tax cheat, who sails grimly on.
The government racked up $5.3 trillion in new fiscal obligations last year alone -- bringing the current unfunded tab for future expenses on things like Medicare, Social Security and military medical and retirement programs to a whopping $61.6 trillion, or $534,000 per American household.
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