Thursday, December 6, 2007

You owe $30,000. Pay up.

The national debt is expanding by $1.4 billion a day or $1 million a minute if you prefer. That's
$30,000 of debt for each man, woman, child and infant in the United States.

The national debt is now a mind-boggling $9.13 trillion. Holy phuk!

The national debt has gone from $5.7 trillion when Bush took office in January 2001 to $10 trillion when he finally gets the boot in January 2009.

And this mess just gets worse. With all the entitlements, the national debt will hit 350 percent of the GDP by 2050 under unchanged policy.

Which won't happen, because despite what Dickhead Cheney says, deficits do matter. China and the Mid East Oil Barons will quit lending the US money at some point and - perhaps before, perhaps after - the US economy will coll ape.

And then the gringos like me will be swimming across the boarders to find jobs.

Maybe we better start being nicer to those illegal immigrants.

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