Saturday, June 17, 2006

The Broken Record Never Bragged About

Here’s another indicator of our present economic state: the national debt has risen over 2.5 trillion dollars since 2000 to roughly 8.3 trillion. Unlike the stock market, that’s six straight years of constantly breaking records!

The most our government has ever been able to pay down our debt in a single year was 223 billion dollars back in 2000 (you remember… the Clinton administration). Do the math, and to eliminate our current debt we would have to match that record reduction every year for the next 37 years.

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