Monday, July 28, 2008

The U.S. National Debt Clock

Look to your immediate right, and you'll see a U.S. National Debt Clock added to the blogroll.
To determine your share of the United States National Debt, divide the total debt by 304 million - the estimated population of the nation at 8:04 p.m., Central Standard Time, July 28th 2008.

You'll come up with $31,300.00

I don't know if your part of the tab for the subprime mortgage bailout has been added yet.

You don't remember guaranteeing and approving those risky loans? I don't either.

Anyway, your share of that fiasco will only come to about $1,300.00. That's less than 5% of your total percentage of the national debt, but you've been able to rationalize similar percentages at Christmastime, haven't you? None of this goes toward the children, though. In fact, that's who we're going to leave holding the tab.

If you want to add a similar clock to your own blog, website, or better yet, an email to all the people you're not going to vote for in November, you can click here.

The National Deficit is harder to figure each year since jacking around with tax rates has an influence on people's spending and earning. Plus, who knows what goodies will disappear into the hands of the bailout recipients each year?

If you're still wondering why American dollars are worth less and less as compared to yen, pesos, euros, or that stuff that comes with the Monopoly game, look no further. There are only two ways we'll get out of this, and everyone overseas is assuming that we'll choose Option A: just start printing the stuff.

Option B is to quit voting for the people who got us into this mess.

Nahhhh. We've never done that before.

Fire up the presses.


Gar said...

If you take the government out of it, the American people love being in debt more than any other country in the world. We use credit cards for everything.
I practically lived in Germany for 2 years and it was rare for an eating establishment to accept credit cards. Most people didn't know what a Visa was except a way to gain entry into some countries.
So, my point is, if Americans live in debt, why would they vote for people that want to get the country out of debt? That's counter-intuitive.

The Whited Sepulchre said...

This is true.
However, this is also true (speaking as someone with some debt) some point, those to whom the debt is owed look at the likelihood of getting it back, and they shut off the freebies.

Hence the currency devaluations. A dollar saved (two years ago) is .50 cents lost.