Debt and Taxes

It seems like even the most conservative would be getting nervous about the shenanigans of the GOP at this point. Perhaps they are if the article from the Washington Post is correct. On Tuesday May 9th we got the news that the debt ceiling may have to be raised again - to $10 trillion. This is after it was just raised two months ago. Then, on Tuesday night, the GOP decides that another $70 billion in tax cuts sounds like a good idea. Those tax cuts will benefit those who live on investments and those earning over $5 million a year (the top 1/10 of one percent - which includes Cheney by the way). The Senate is considering the provision today. I think it would be a good time to contact your Senator.

My math may be off, but 10 trillion is 10 followed by 18 zeros. The population of the United States is (roughly) 300 million (300 followed by 6 zeroes. If you divide 10T by 300 M I think you get 3.3 million dollars that each person in the U.S. is on the hook for. The interest on the existing debt is $27 billion a month - that's without raising the debt ceiling.

Just for grins, this is what 10 trillion looks like:
10,000,000,000,000,000,000

This is what the current monthly interest on the debt looks like:
27,000,000,000,000

This is what the mean family income in the U.S. looks like (DOL April 2006 (calculated from the average hourly wage (16.61) time full time employment (2080))
34,458.80