Tuesday, June 24, 2008

What is the debt clock?

What is the debt clock? The debt clock shows how much debt the U.S. is racking up. Some people suggest our debt is not a serious problem because of the relationship to GDP. The ballooning GDP is more of an indication of the increase in fake money being blown into the system (inflation) rather than having a relationship to monies being produced. The astounding $9 trillion gross national debt is owed by the General Fund. This is the part funded by our income taxes every year. Half of this money goes to pay interest on the old debt and the rest goes to the military.

Debt Negotiation Business

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