Sunday, November 22, 2009

"The Coming Deficit Disaster!"

An Opinion piece was in the Wall Street Journal today. "The Coming Deficit Disaster," covers some particulars about our current nation's current deficit problem and the growing problems to come.

The article relays that the White House if aware of the growing problem and plans to tackle it next year! Of course, they want to get the big spending bills through this year, like the $900 Billion Health Care Reform Bill.

One startling quote from the article was, "Our national debt is projected to stand at $17.1 trillion 10 years from now, or over $50,000 per American." This should startle every American. According to the U.S. Debt Clock website our current national debt is just over $12 trillion and about $39,124 per American, as of this blog post, check the website to see how much it has changed since then.

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