Paying Down Our Debt

Impermanence of Money

Impermanence of Money

The total national debt as of this morning, Nov. 17th, 2008 is $10,617,806,584,635.27.

The population of the US as of 22:40 GMT (EST+5) Nov 17, 2008 is 305,679,024.

THEREFORE each and every US citizen owes $34,735.15.

Cough it up, people. Make your check payable to the Bureau of the Public Debt, and in the memo section, notate that it is a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau Of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

Note: Perhaps we can borrow some? The world population is 6,737,570,334. If they’ll fork over $1575.91 each we’ll be out of this mess in no time.

Update 3/24/2012:
(thanks to flicka47 for inspiring me to revisit this.
On 09/30/1980 the National Debt was $907,701,000,000.00.
By 09/30/1985 the debt had doubled to $1,823,103,000,000.00.

During this time period the debt ceiling was raised several times.
On 09/30/1981 the debt ceiling was raised from $985 billion to $1,089 billion. It was approved by Congress in a 64-to-34 Senate vote.

Sources:
Treasury Direct Historical Debt Outstanding – Annual 1950 – 1999
New York Times Reagan Signs Increase In Federal Debt Ceiling
New York Times REAGAN URGES A RISE IN DEBT CEILING
Into The Void Reagan proved deficits don’t matter

Comments are closed.

Bad Behavior has blocked 449 access attempts in the last 7 days.