"The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance."-- Marcus Tullius Cicero, 55 B.C. (quotes: http://harrold.org/quotes/quotesonly.html)
America's debt stands at $14 trillion. That's the same as your family making $20,000 a year but spending $37,000 and putting the difference of $17,000 on a credit card on which you already owe $144,000. Now just add 8 zeroes [..000,000.00] and you can see we don't have much time left before America defaults on its loans. This week's index is 82.3% - and the "collision date" is 4/11/12.
( If your email works with javacript, you'll see the graph displayed. Otherwise, to see the graph, visit: http://debtwall.org/the-debt-wall-index/ )
