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. (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.

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