Feeds:
Posts
Comments

Posts Tagged ‘Dollar Bill’

Wonder what you would find if you frisked our national debt?

Answer: You’ll find the number above with a fat “-” in front of it.

Very depressing:

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.

Could it get worse? You betcha:

But the White House budget review issued in August projects that by the end of the current fiscal year on Sept 30th, the National Debt could top $14 trillion.

It gets worse. The same document projects that by the end of the decade, the National Debt will hit $24.5 trillion — exceeding the Gross Domestic Product projected for 2019 of $22.8 trillion.

Yikes! Sianara U.S. dollar bill… Thank you George W. Bush for insanely increasing our national debt during your presidency (not!) and thank you President Obama for outdoing Bush’s stupidity on spending (not!). You both suck.

Maybe this whole $1 to $3 trillion Obama-Care isn’t such a great idea. After all, China is now questioning our government’s plan to overhaul our health-care system. It’s NEVER a good sign when a communist country is worried about your spending.

Side-Note: I’m going to go kick myself now, because I definitely should of invested in gold a long time ago.

Read Full Post »