12 Trillion deficit?

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/02/AR2009010202322.html?hpid=topnews


"As of yesterday, the debt stood at nearly $10.7 trillion, of which about $4.3 trillion is owed to other government institutions, such as the Social Security trust fund. Debt held by private investors totals nearly $6.4 trillion, or a little over 40 percent of gross domestic product.

According to the most recent figures, foreign investors held about $3 trillion in U.S. debt at the end of October. China, which in October replaced Japan as the United States' largest creditor, has increased its holdings by 42 percent over the past year; Britain and the Caribbean banking countries more than doubled their holdings."


HAPPY NEW YEAR.....?

Gag.

Whatever happened to "cut the deficit in half in 5 years"? Another bush failure.

Apologies to Roy Scheider. ;)

IT could be better, but it's not a so big deal. Not so long ago we got a 68% ratio.

What about when they got the $700 billion bailout for bush's cronies in Wall Street? No one seemed to mention the word debt then.

The repukes worry about the debt only when Democrats are in charge. When they control Washington, they don't have a problem with throwing around footballs of tax dollars to fund a useless war.

This selective concern for the country's debt is very touching and a bunch of crap.