The US National Debt has increased by $ 35,045,072,270 since our last update in May 2011. This is great news as we continue to see the increase in national debt each month drop drastically. The increase we have seen since this time last month is now only half of the increase we saw in the prior month.
National Debt as of 6/10/2011
With all of the talk about raising the National Debt Ceiling, we are seeing the debt grow much slower. We would love to hear your opinions on how the government should handle the National Debt.
Should the US raise the debt ceiling? If so what type of contingencies should be attached to make sure the US does not continue on this path of running up debt?
What type of effect do you think raising the debt ceiling will have on the economy?