Saturday, January 24, 2009


According to the U.S. NATIONAL DEBT CLOCK, "The Outstanding Public Debt as of 24 Jan 2009 at 10:28:21 PM GMT is: $10,625,470,122,772.17". They continue:

"The estimated population of the United States is 305,521,304
so each citizen's share of this debt is $34,778.16.

The National Debt has continued to increase an average of
$3.34 billion per day since September 28, 2007!"

Wow! Most people are focused on the deficit - which is the amount of money the federal government spends more than it takes in for any given year. But the debt is the all the money outstanding throughout the years. This silent crisis can definitely paralyze our financial situation over time. The interest on the debt is consuming a larger and larger portion of our federal expenditures - squeezing out other areas of the budget - like infrastructure, military, science, etc.

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