Last Fall a number of bloggers and news stories reported that the National Debt Clock had to be modified because it no longer had enough digits to display the total debt after it passed $10 trillion on September 30th, 2008.
Well, today I came across this item,
reported by CBS News on Wednesday (3/18/09):
The Federal Government's flood of red ink hit another high-water mark as the Treasury Department quietly reported today that the National Debt hit $11-trillion for the first time ever.
To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt for every man, woman and child among us....*
The National Debt stood at $10.6-trillon on the day Barack Obama took office. But if his budget projections are accurate, he'll run up nearly as much government debt in four years as President Bush did in eight.
It took several generations to piss away $10 trillion, but
less than six months to raise it another trillion. Does anyone still wonder why I keep saying that we are getting royally boned?
* Personally, I refuse to acknowledge debts allegedly made in my name without my authorization. Anyone stupid enough to lend money to the criminal gangs in D.C. can go see them for their money; they sure as hell aren't getting any of it from me.
