(Source: Bureau of the Public Debt - United States Department of the Treasury; www.publicdebt.treas.gov/opd/opd.htm)
As we pay homage to our blessed independence, I took it upon myself to include some of the minor details...lest we forget.
Congress has increased the debt ceiling to NINE Trillion dollars. All things considered, the burden of debt for every man, woman and child in the country has risen to over $100,000 each. Our nation is overspending at a rate of about $2 billion per day. During the first half of 2005, Americans got poorer at the rate of $80 million per HOUR...China...lends the United States $300 billion per year...Dick Cheney has reminded us that: "Deficits don't matter." In the private sector during 2005, for every $19 Americans earned, they spent $20. AMERICA = empire of debt [Skousen, 2006, p. 299]
When we say God Bless America, we really need to mean it