Sunday, October 16, 2011

The U.S. Debt Clock -- An Update

Well, the numbers keep going up -- and in the wrong direction. A national debt of $15 trillion; unfunded longer-term liabilities (medicare, prescription drugs, social security) of $115 trillion, not to mention combined personal debt and those of all state, municipal and city governments. All in, it comes to over $1 million per taxpayer. And what exactly are our elected officials doing to address this?


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