Thursday, October 9, 2008

National Debt Passes $10 Trillion

Congress is wasting no time taking advantage of the new, recently passed, debt ceiling. And Treasury Bonds I hear have been selling like hotcakes at bargain interest rates.

In "a sign of the times" the Times Square national debt counter has run out of digits and cannot handle the newly-dinged $10 Trillion that taxpayers are now on the hook for. As a stop-gap, the dollar sign will be changed to a one. Almost more ominously, not one, but two digits will be added.

I would hope maybe we would think about... once this economic crisis settles... of taking away a couple digits.

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