Posted on 01/03/2011 6:11:44 PM PST by DeaconBenjamin
When we predicted a few weeks ago that the US would end 2010 with $13.8 trillion in debt we miscalculated the settlement dates on all the last round of bond auctions. As a result, we are happy to announce that as of December 31, 2010, the US now has $14,025,215,218,708 and 52 cents in debt (incidentally this is an increase of $154 billion in debt on the US balance sheet overnight).
As a reminder the debt ceiling is 14,294,000,000,000. Which means at a run rate of $125 billion in net monthly issuance, the US may not even get to the end of March at the current burn rate. Which also means Congress better start the discussion on raising the debt ceiling as soon as February. Which means someone is about to [win/lose] some serious cash on the Feb 28 debt ceiling hike InTrade contracts.
I can chip in the 52 cents, my kids and Grandkids will have to pony up for the rest
What is the current population of the U.S.?
340 million or around there, Right?
So if everyone kicked in an additional
$40 bucks we could bring it down to 0 in no time.
I’d be willing if everyone else would.
0 deficit for $ 40 dollars, not bad.
But EVERYONE would HAVE to pay.
Darn it. I was just going to make that offer myself, but I had to look in my couch for the money first. LOL
$46,000 for every man, woman and child in America.
don’t understand your math
if you take $28000 debt per person ,each would have to put in $40/day for 700 days
what’s the significance of that?
lol..You have it good, as it is now, I was going to have to break open the kids piggy bank, to pay my share too.:)
I get 27647 ?
And to think there was a time when the debt was 52 cents.
Hmmm.
Seem to have gotten my billions and trillions mixed
up.
Easy to do, happens to Congress all the time.
52 cents. There’s the change.
LOL
Where is the “hope”?
40 THOUSAND bucks would just about do it.
I think you meant $40,000 each. I guess I’ll have to kick in for my kids and my wife, so “our” bill is only $240,000. Not sure I can swing that one.
Let’s not tell obama what comes after “trillion”.
Default.
Observe the tagline.
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