National debt passed $8 trillion; $27,000 per person& over $5000/yr int.

[philb]

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 24 Oct 2005 at 1:00 PM GMT is:
$ 8,007,251,109,555 (over $ 8 trillion)
The estimated population of the United States is 297,514,000 so each citizen's share of this debt is $26,914.

For the average family of 4 the share is $104,000.
The average family’s annual interest on national debt is $5,200.
The National Debt has continued to increase an average of$ 1.62 billion per day since September 30, 2004!

Additionally the U.S. annual trade deficit for 2004 was over $500, 000,000,000 ($500 billion)
The major factor in this is the growing U.S. imports of energy(oil, coal, natural gas) and the price increases for these. This represents a massive outflow of capital from the U.S. economy,
making us collectively poorer, and according to the International Monetary Fund(IMF) threatening collapse of the world economy.



www.brillig.com/debt_clock/

[G_j]

1. & how much are we in hock to China?

I don't think most ppl want to know
:scared:

[Wilms]

2. Be careful. Freepers lurk.

And they're already in shock.

[don954]

3. I dont think they care, they shop commie-mart weekly

if not daily... I have been there 2 times in the last year, and feel "dirty" each time i do so...

[FloridaPat]

4. I thought $8 billiion was the ceiling. What is the ceiling? Hard keeping

up with these repubs and their secret votes.

[Bernardo de La Paz]

5. Republicans want to substitute a birth tax for the estate tax

Republicans want to substitute a birth tax for the estate tax.

It shifts an upper class tax to a middle class burden. Standard operating procedure for Robber Baron Republicans.