As of October 1, 2008 the United States National Debt hit 10 Trillion Dollars. For perspective that's 72.2 % of the 2007 gdp (the us gdp for 2007 was 13.84 trillion).
Does anyone care or know what the effects of this will be?
http://www.brillig.com/debt_clock/
Neither party or presidential candidate is talking about how much the debt can and is crippling the government and the dollar. You can't even rationally entertain spending more money with a debt that size and that goes for both Obama and McCain.
Nor are they talking about how a loose monetary policy is the primary factor in the financial meltdown. And the media currently is obsessed with pushing the public into accepting a 700 billion dollar bailout of Wall Street.
The real looming crisis is a run on the dollar and government insolvency.
http://www.2partyReform.blogspot.com/
finding practical ways to move from a republic towards a democracy and holding the media accountable for substantive, critical reporting of important issues....
[what:pittsburgh,reform,us,city,state,council,politics,political,primary,open,primaries,pa,riders,waste,accountable,govt,government,local,news,national,congress]
[where:pittsburgh,pa]
[category:news,politics]
