Raise The Roof And Keep On Spending
Check out the debt clock to your right, it is about to hit 12Trillion. Can you imagine what the interest only payment would be on 12 trillion!
Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.
With the government borrowing record amounts of money, the nation's current debt ceiling of $12.1 trillion will be pierced soon. Full story at CNNMoney.com
If you would like to see what your share of the debt is click on the Detailed Debt Clock link to your right. Please allow a few seconds for the page to load. Your total share is on the bottom right.
Will the debt clock ever slow down, stop, and start going the other way?
“I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more” - Alan Greenspan
“Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people” - Wendell Phillips
“If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.” - John Maynard
I owe, I owe, so it's off to work I go. - Hugh Reynolds