Wednesday, August 19, 2009

US Debt Clock

CLICK BELOW ONLY IF YOU DON'T GET MOTION SICKNESS

HOW HIGH, how fast, how long, how large, can it get before......before......all hell breaks loose? This clock is ticking like a time bomb and we ignore and do nothing about it at our and our progeny's greatest peril. Yet out spendthrifts in Washington continue to binge on our money like drunken sailors. It's enough to make you swoon.

UPDATE: Dr. Warren Buffet on the gusher of federal money/debt. He emphasizes that the US is in unchartered territory. "With government expenditures now running 185 percent of receipts, truly major changes in both taxes and outlays will be required. A revived economy can’t come close to bridging that sort of gap."

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