U.S. National Debt Update – July 2012

The US National Debt has increased by $109,763,882,862 since our last update on June 5, 2012.  Another month, and the United States has dropped another cool $109 billion in the hole.

National Debt as of 7/11/2012

$15,869,580,562,940

That is an increase of $3.05 BILLION PER DAY since our last update 36 days ago.

One day, the credit card WILL run out, and America will face what many countries have faced in the past – massive budget cuts and slashed programs and a crushed economy.

In my own personal life, I found that it was a lot better to TAKE CONTROL OF THE SITUATION before SOMEONE ELSE DID! Shouldn’t we demand the same of elected leaders – that they take control NOW – before the country is forced to?

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One Response to “U.S. National Debt Update – July 2012”

  1. aaron July 16, 2012 at 10:19 pm #

    Prime example of the consequences of not budgetting. The government has the ability to print currency, and that to them means that money does grow on trees.

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