Mar 15, 2007

USA In Big Trouble!!!

Congress Sets New Federal Debt Limit: $9 Trillion

The federal debt has risen from $542 billion to more than $8 trillion since 1975.
Enlarge...Federal debt has risen from $542 billion to more than $8 trillion since 1975. Debt as a percentage of Gross Domestic Product, once at 34.7%, is now above 60%. NPR...Morning Edition, March 16, 2006 · Faced with a potential government shutdown, the Senate votes to raise the nation's debt limit for the fourth time in five years. The bill passed by a 52-48 vote, increasing the ceiling to $9 trillion. The bill now goes to the president...READ MORE

1 comment:

CitizenX said...

Is anyone else actually paying attention to this stuff. Oh well, I gotta get back to the NCAA tournament...hey who's playing that fiddle and why do I smell smoke?