The Homa Files

According to the US Nation Debt Clock, a milestone was achieved this week:

The US National Debt is now officially more than $13 Trillion.

* * * * *

To put the Debt number in perspective:

(1) It’s already equal to over 90% of annual GDP

(2) It’s heading higher by almost $1.5 Trillion annually at current tax and spending rates

(3) If you’re in the half of the population that pays income taxes, your share of the US Debt is almost $120,000

http://www.usdebtclock.org/

This entry was posted on May 28, 2010 at 7:49 am and is filed under Debt - Deficit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.