While everyone was focusing on the fate of the bailout plan this week, the federal government’s debt passed the $10 trillion mark with hardly anyone noticing. Of course, the bailout plan insures that this debt will climb even higher as there is specific language in the bailout plan authorizing the federal government to raise the debt limit and borrow up to $840 billion to fund the bailout.

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U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 05 Oct 2008 at 12:45:21 PM GMT is:

$10,156,891,193,312.09

The estimated population of the United States is 304,852,050
so each citizen’s share of this debt is $33,317.19.  read more »