Posted on 11/02/2011 6:25:19 PM PDT by NoLibZone
The federal government’s debt increased by $203,368,715,583.63 in the month of October, according to the U.S. Treasury.
That equals about $650 per person for each of the 312,542,760 people the Census Bureau now estimates live in the United States.
At the end of September, the total national debt stood at $14,790,340,328,557.15, according to the Bureau of the Public Debt. By the end of October, it had risen to $14,993,709,044,140.78.
The debt increased far more this October than it did last October. Between the last day of September 2010 and the last day of October, the debt rose from $13,561,623,030,891.79 to 13,668,825,497,341.36—for an increase of $107,202,466, 449.57.
October is the first month of the federal fiscal year. If the debt were to increase by an average of $203 billion for the remaining 11 months of the year, the national debt would increase by $2.436 trillion for the year.
Huh. Well my income didn’t go up $1400/month (breadwinner for a family of 4), and isn’t likely to any time soon. That debt ain’t coming out of my pocket, and at that rate my kids sure won’t be able to catch up when they enter the workforce two decades hence; wonder whose wallet they had in mind.
Actually, that census figure includes your two children. So for a family of four, your income will have to go up $2600 a month to contribute your fair share to the deficit.
And that estimate does not take into account of the needs of our future leaders, the protesting students of the “Occupy” movement, who have already alerted the rest of the American people that they will require free tuition, room and board at a prestigious university of their choice. Which means that the Federal Reserve will have to upgrade their presses to print money faster, or we’ll have to revert to forced child labor (This last measure, of course, is expected to be a temporary four year program until the protesters graduate with their degree in Monetary Malfeasance Science).
Ok, so I can’t do basic math after 11pm.
Crinimal spending addiction.
PING!
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