Sunday, July 5, 2009

US debt

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$11.5 trillion is the national debt of the USA

$37,000 is each individuals portion of that debt

This debt is now 80 per cent of total output of our national economy

In 1790, the national debt was $75 million.

In 1934-1935, the US was free of debt.

People still love Obama but do not trust him or Congress with their handling of the economy. Imagine that. Do you think there might be some issues with their handling of their bogus Cap and Tax energy scam and their government Health Care grab. Needless to say, there are millions of people around the globe who cannot wait for us to commit economic suicide.

Source: Associated Press article on July 5, 2009

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