National debt hits $11 trillion
According to a CBS News blog, this equates to about $36,000 of debt for every man, woman, and child. Here are some even more chilling statistics:
It just took a little over five and a half months to go another trillion dollars into debt. To put this in perspective, it took our government 191 years to run up its first trillion dollars of debt.
Since President Obama’s first 57 days in office, national debt has increased by over $400 billion. Even using his administration’s own budget deficit projections, which many feel are substantially underestimated, the Obama administration will run up almost as much debt in four years as Bush did in eight years.
According to the Obama federal budget, the national debt will hit $12.7 trillion by September 30. By the end of fiscal year 2012, the national debt could soar to $16.2 trillion, which would represent 100% of projected GDP.
These are alarming numbers, and it is up to us to fight the economic destruction of our great nation. As Thomas Jefferson once said, “I, however,…place public debt as the greatest of the dangers to be feared.”
Read the blog here.

