When does the debt apocalypse happen? When taxpayers quit paying. Remember when 15 trillion was a lot of money?
Stolen from ZeroHedge:
Too sad for commentary, but here is some math: total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president.
http://www.usdebtclock.org/
1 comment:
There is no way this gets paid back. It is equal to our GDP. Just servicing the interest will kill us. I am no mathematician, but I don't see how we pay this off in the next decade or two.
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