Tyrannosaurus Debt: Federal government is $9 trillion in the red
Good grief!
According to the Treasury Department, our total national debt is $9.79 trillion! And according to the National Debt Clock, that averages to $32,126.51 per U.S. citizen (does that include my unborn child?). Seems like the government has been spending money faster than the women on Bravo's The Real Housewives series.
So naturally, the next question comes to mind: If the $700 billion bailout plan is approved, how will it affect the national debt?
I don't have an answer causes I'm not an economist. But at least I can have a little fun while the Wall Street crisis continues. Enter School House Rock's "Tyrannosaurus Debt." I like how it just sums everything up ...
But don't fret just yet! I found this graphic on the AP wire that kind of puts our public debt in a positive light, if you compare it against our Gross Domestic Product. It's a little comforting ...



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