Growth in the National Debt: Ten Years and Ten Trillion Dollars

I know the national debt isn’t supposed to matter, at least, so
some
well-placed pundits in the media tell me
. But it’s hard to head
off a modicum of concern when I glance at the figures and notice
that the
total public debt outstanding has risen from $7.16 trillion to
$17.56 trillion in ten years
.

Debt on April 9, 2004

At some point, you have to think that it’s going to occur to
people that the United States government seems neither willing nor
able to stop borrowing, and to start paying the sum down, even a
little bit.

National debt on April 9, 2014

The “stop borrowing” part would be a good start. But that’s a
lot of money to pay back.

And eventually, the bill will come due.

from Hit & Run http://ift.tt/1qLccix
via IFTTT

Leave a Reply

Your email address will not be published. Required fields are marked *