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?
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.