Thursday, May 13, 2010

How much time does it take to add a Trillion in debt?

Federal government debt is spiraling out of control. We are governed by a Congress so incompetent, corrupt, and dysfunctional they don't have a clue.

Each incremental trillion is going by so quickly, it’s hardly news anymore…

$6 trillion: February 28, 2002
$7 trillion: January 15, 2004 (22.5 months)
$8 trillion: October 20, 2005 (21 months)
$9 trillion: August 31, 2007 (22 months)
$10 trillion: September 30, 2008 (13 months)
$11 trillion: March 16, 2009 (5.5 months)
$12 trillion: November 16, 2009 (8 months)
$13 trillion: May-June 2010 (6-7 months)