Uncle Sam's federal debt is now US$7.5 trillion!! Print E-mail
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Uncle Sam's federal debt is now over US$7.5 trillion! Putting the U.S. Dollar on the verge of collapse! U.S. NATIONAL DEBT. CLOCK!!!!!!! http://www.brillig.com/debt_clock/ The National Debt has continued to increase an average of $1.66 billion per day! THE FACTS: Uncle Sam's domestic, eg credit-card, debt is almost 100% of gross domestic product (GDP) and consumption, including that from China. Uncle Sam's federal debt is now US$7.5 trillion, of which all but $1 trillion was built up in the past three decades, the last $2 trillion in the past eight years, and the last $1 trillion in the past two years. Alas, that costs more than $300 billion a year in interest, compared with, for example, the $15 billion spent annually on the National Aeronautics and Space Administration (NASA). But no worries: Congress just raised the debt ceiling to $8.2 trillion. To help us visualize, $1 trillion tightly packed up in $1,000 bills would create a pile 100km high.


leeann and hannah