Tuesday, 17 November 2009

Coming soon to an economy near you

From CBS News:
It's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.

Technically, the debt hit the new high yesterday, but it was posted on the Treasury Department website just after 3:00 p.m. ET today. The exact calculation of the debt is a 16-digit tongue-twister and red-ink tsunami: $12,031,299,186,290.07

This latest milestone in the ever-rising journey of the National Debt comes less than eight months after it hit $11 trillion for the first time. The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year's record high.


Laserlight said...

I am shocked--shocked!--to find that a big-government Democrat-controlled Congress and a Chicago Democrat President have run up a record debt, and that we've gotten almost nothing for it.

Emigration keeps looking better.

RadarGrrl said...

Pretty soon, the Greenback will look much like its Zimbabwean counterpart in the picture.