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.

Treasury Direct Historical Debt Outstanding – Annual 1950 – 1999
New York Times Reagan Signs Increase In Federal Debt Ceiling
Into The Void Reagan proved deficits don’t matter

Comments are closed.

Bad Behavior has blocked 521 access attempts in the last 7 days.