Wednesday, November 07, 2012

What just happened?

I don't know what to make of the fact that half of the country just ignored these numbers.
Interesting.
http://www.usdebtclock.org/ (Warning! Clicking this link will make your head spin)
Around July 1, 2012 the national debt exceeded GDP for the first time ever.
Today, the national debt is $16,238,560,000,000+ That's trillion with a capital T.
$51,000+ for every man, woman and child in this country.
That's nearly $142,000 for each taxpayer.
The average household income in 2011 (latest figure available) was $50,054 (same as 1996 levels).
In the time it took me to type this, the national debt increased by about $33,000,000.
Sigh.

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