According to Brillig.com , this is the U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 26 Feb 2009 at 01:40:15 PM GMT is:
The estimated population of the United States is 305,717,345
so each citizen’s share of this debt is $35,487.84.
The National Debt has continued to increase an average of
$3.56 billion per day since September 28, 2007!
How accurate it is, I do not know, but my point is, after the first billion or even hundred billion, can we really tell the difference? To us middle class Joe’s and Jo’s, it all looks the same. It is at the point beyond what we can visualize and thus, we cannot do anything about it.
President Barack Obama is sending Congress a budget today that projects the government’s deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis. You can’t really blame him, totally, for the problem. He inherited the bulk of it.
President Barack Obama will ask Congress for more than $200 billion to fund U.S. war efforts for the next year and a half, according to defense officials.
The request will be for $75.5 billion for 2009 to cover the cost of sending more troops to Afghanistan this year and an additional $130 billion for the rest of fiscal 2009, according to the sources. War spending for 2010 will be part of the president’s overall defense funding request, which is expected to be announced today. The war was dumped on him. You just can’t walk away and call it a day at this point.
The requested money will be in addition to $534 billion for the U.S. Defense Department’s other expenditures, which the president is expected to request from Congress. Congress gave the Pentagon $65.9 billion for the first half of fiscal 2009.
President Obama told us that he has found $2 trillion in budget savings by scouring the federal budget by making cuts.
Here are a couple of cuts. On agriculture, the Obama administration is aiming to save $9.8 billion over 10 years by phasing out direct payments to farmers with sales revenues of $500,000 or more per year. On education, the administration is considering elimination of the Federal Mentoring Program created by the previous Bush administration. to save nearly $50 million.
Yes, we need fund services to provide for the basic needs of the citizens. But seriously, after the first billion, can we tell the difference or is it just a bunch of pork to us, no matter what happens? Do we even understand what is going on or has gone on with our national spending sprees? Will the budget ever be in balance?
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