Monday, November 30, 2009

Political clash expected soon over rising U.S. $12 trillion dollar debt

McClatchy reports:
In the past, members of Congress never have been particularly eager to remind the public that they regularly vote to raise the ceiling on the national debt, which now exceeds $12 trillion.

That's $12,000,000,000,000.

The debt has more than doubled since 2002, and in the last two years it's been rising at a clip of more than $3.8 billion a day. Each U.S. citizen now has a share that's estimated at more than $39,000.
Yet some people want to government to spend more money.