Watch our country’s downward economic spiral live at USdebtclock.org.
The deficit has ballooned to nearly $48,000 for every man, woman and child in the U.S. This year alone, the U.S. will spend $1.3 trillion more than it takes in.
The debt has expanded at an alarming pace, from $7.5 trillion in 2004 and $5.6 trillion in 2000. At the current rate, Debtclock.org reckons that the debt will top $23 trillion in 2015, though the nonpartisan Congressional Budget Office puts the estimate at $17.6 trillion.
This disaster could have been on its way to being solved, but the Dems pulled their usual shit and tabled the Cut, Cap, and Balance bill passed by the GOP in the House.
The “Super Committee” should just disband. It’s a stalemate between 6 Republicans and 6 Dems who will never come to a reasonable agreement on how to cut wasteful spending and balance the budget.