The DeHavilland Blog

Thursday, November 08, 2007

Nine trillion dollars in debt

According to this article, the national debt has reached $9 trillion dollars. Trillion, with a "T".

They note that it took from George Washington to Ronald Reagan to reach the first trillion in debt; the next $8 trillion has all been added on in the last 20 or so years.

While this debt was incurred at the federal level, and the feds supply less than 10% of education spending to K-12 education, there are still implications. Unless we start to see some fiscal discipline, I'm not worried about the feds cutting their contributions; however, this level of debt is weighing more and more on the value of the dollar, with even supermodels refusing to get paid in US currency.

A weak dollar has lots of implications, not many of which are good for the economy, which in turn hurts funding at all levels of government.

3 Comments:

  • Uncertain of where to start discovering alleviation? Exploit free discussion by an understudy obligation alleviation administration. They will help you decide the amount you owe, to whom and give you a course of which projects you may meet all requirements for. check cashing san-diego

    By Blogger Justin, at 9:15 AM  

  • As yet, this credits could be mixed using any understudy advance blend undertaking, yet no more. Government credits may simply be joined with various sorts of chose advances and may simply do accordingly using the chose hardening programs. Cash Advance Chicago

    By Blogger marko, at 3:45 AM  

  • Your involvement in the field of terrible credit bank advances will contrast contingent upon the level of gravity of your monetary issues. A few matters include all poor credit borrowers despite the fact that they fluctuate in seriousness. Loan costs will vary for people with not at all like sorts of reports. Cash Advance

    By Blogger Paulo, at 10:26 AM  

Post a Comment

<< Home