National Debt to Exceed 12 Trillion by Year End
August 17th - 22 Responses
Never before has the U.S. national debt grown at such a pace. It grew by one trillion in 2008. Estimates put 2009 growth at three trillion. That’s comparable to the growth of public debt accrued throughout the entire first half of this decade – in one year! One quarter of our ENTIRE U.S. national debt will be accumulated just in 2009; ie. It took about 99 years to reach the nine trillion mark. And one year on top of that to reach (and exceed) the 12 trillion mark.
The documentary I.O.U.S.A. details the national debt and what it means for average Americans.
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4:31 pm UTC on December 9th, 2009
Hmmm that was weird, my comment got eaten. Anyway I wanted to say thanks for the update. Will check back shortly.. :)
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