National Debt, Interesting report

A very real, really scary report on our national debt.

Thanks to Alistair and Congressman John Tanner of Tennessee for bringing this Treasury report to our attention. Note: This is legit, from the treas.gov website.

Tanner went on to say that we are going in debt faster than our Economic Growth can run to catch up.....He also said that if all these countries wanted to tie a noose around our necks and demand the notes to be paid off now......we would be in deep trouble. Mind you this is all on top of...an over $7.1 trillion National Debt, a deficit last year of almost 300 billion, and so far this year a deficit of 500 billion, plus a Trade Deficit of $46 billion......Tanner also pointed out that we are borrowing an average of $1.1 billion a day....and we are paying interest with all these countries combined at $1 billion per hour......