Showing posts with label 10 trillion. Show all posts
Showing posts with label 10 trillion. Show all posts

Thursday, October 09, 2008

Why the Economic Crisis?


The answer is right here - the national debt. Fox news tells us that the national debt billboard in New York City had to add another digit as we crossed the ten-trillion dollar mark. Remember the good old days - when Bill Clinton actually had the U.S. paying down on it's debt? Ah - but what will REALLY solve the problem is more spending and more tax cuts!

From Fox News....

In these uncertain financial times, one thing remains certain — the ever-expanding national debt. But it's growing at such an accelerated rate, the clock that has kept track of the deficit since 1989 has had to add a digit.

The National Debt Clock switched its digital dollar sign to a 1 on Monday to accommodate the nation's ballooning deficit, now past the $10 trillion mark, thanks to Congress' $700 billion bank stimulus package.