U.S. National Debt Increasing
It is always a good thing for United States taxpayers to be reminded of their U.S. national debt. They and their descendents will be held accountable for it.
On July 31st, 2012 U.S. total national debt was $15.93 TRILLION… an unimaginable sum. Since then it has subsided a bit, but will soon start rising again. It always does.
It is on track to reach the debt ceiling limit defined by the U.S. Congress around November 6th… United States election day 2012. The debt ceiling is around $16.39 trillion.
That secret, of course, will be kept from the voting public until after the election results are in. Nobody within the governing class, including so-called fiscal conservative Republicans, want that information widely known before the votes are tallied.
The U.S. national media is far to inept to perform their watchdog function and report it.
Unfortunately, truth is truth. Facts are facts.
U.S. sovereign debt or as the U.S. Treasury quaintly calls it, “debt held by the public”, which is the bad kind where governments are judged by national and international financial markets, first crossed $11 trillion on May 31st, 2012.
It is only going to get worse.
How long, do you you think, will it take before financial markets finally catch on? How long, do you think, will it take American taxpayers to catch on and then force the federal government to do something about it??