As I empty my pitiful checking account into the black hole that is the Federal budget, and while attempting to understand the logic of the "No Moronic Scion of Wealthy Parents Left Behind" act and the "Debtors Prison Reestablishment Bill", I checked in on the National Debt.
CNN reported that the National Debt Clock stops, despite trillions of dollars of red ink
on September 7, 2000. At the end of the previous day the debt was $5,676,989,904,887 and dropping at $30/second.The American Prospect
reports that on April 10, 2005 the debt was $7,782,816,546,352 and increasing at $24,884/second.
If you wonder why the debt reported by the Republicans seems a lot lower, it's because they keep ignoring the amount owed to the Social Security trust fund. That's kind of like filling in a loan application and forgetting to mention your credit card debt. I wonder if Consumer Credit Counseling does countries?[Edit: When Reagan came into office the National Debt was just under $1 trillion. Adam Felber is on their case with Over and Dun.]