Friday, March 6, 2009

Uncle Sam's Debt

What happens when Uncle Sam runs out of money AND credit? Easy. He just raises his credit limit. Don't you wish YOU could?

On Feb. 2nd the public debt was $10.668 trillion. In only a month it went up to $10.942 trillion! That's $274 billion in just one month!!

At that rate Uncle Sam's borrowing spree will put him at the debt limit by May. He only has $458 billion to go before he slams against the debt ceiling.

Wrisley points out the difference in Uncle Sam being broke and you or me being broke.

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