National Debt Grows $1 Million a Minute

[NNN0LHI]

http://ap.google.com/article/ALeqM5ihnanCfQA-TdKL5GX_BbvRAmRtkQD8T9RIH81

WASHINGTON (AP) — Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day — or nearly $1 million a minute.

What's that mean to you?

It means almost $30,000 in debt for each man, woman, child and infant in the United States.

Even if you've escaped the recent housing and credit crunches and are coping with rising fuel prices, you may still be headed for economic misery, along with the rest of the country. That's because the government is fast straining resources needed to meet interest payments on the national debt, which stands at a mind-numbing $9.13 trillion. snip

The national debt — the total accumulation of annual budget deficits — is up from $5.7 trillion when President Bush took office in January 2001 and it will top $10 trillion sometime right before or right after he leaves in January 2009.

[GreenPartyVoter]

1. Wonderful.

*siiiigh*

[Deja Q]

2. Only America's constituents are responsible, surely?

When's the last time a politician was working for the population, rather than one small segment of?

(Hyperbole is so cool...)

[Vinca]

3. But, but, but . . .

according to the Republicans all those tax breaks bring in more money. (Which, of course, begs the question about why we're charging the war on Chinese Visa.)