Tag Archives: national debt

image_pdfimage_print

Need Motivation for Reining in Government? Visit the Debt Clock

Posted on February 13, 2018 by David E Smith

Well, it’s not breaking news, but it’s worth noting as President Donald Trump and Congress spar over spending that the national federal debt exceeds $20,000,000,000,000 and is rising by the minute.

We’re using zeroes here instead of spelling out “trillion” to help get across the enormity of this liability that we are piling onto our children and grandchildren.

Equally sobering is a visit to the USDebtclock.org, which tracks our rising debt at dizzying speed.  Introduced on Feb. 20, 1989 by New York real estate magnate Seymour Durst, the U.S. National Debt Clock began by reporting a national debt …

Posted in Federal | Tagged , , , , , , , , | Comments Off on Need Motivation for Reining in Government? Visit the Debt Clock

Going, Going Gone . . . Now it’s Off to Our Grandkids!

Posted on December 8, 2014 by David E Smith

On Black Friday your government was shopping with credit cards too it would seem.  The total outstanding U.S. public debt just hit a new historic level, which probably would be better associated with a red Friday rather than a black one. As of the last workday in November, total U.S. public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise.

Our nation’s debt now exceeds, at 103 percent, total Gross Domestic Product which some say was artificially inflated by half a trillion when the government decided to add the “benefit” of R&D intangibles into the …

Posted in Federal, Marriage/Family/Culture | Tagged , , , , | Comments Off on Going, Going Gone . . . Now it’s Off to Our Grandkids!