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20,165,712,098,704

That's the nation debt, in case you're wondering. That's more than $20 trillion. It's not a static number either; the second-by-second increase would make your head spin. See the wheels whirl round and round here at the U.S. National Debt Clock in Real Time.

There you'll also find other interesting numbers such as Gross Debt to Gross Domestic Product ratio, running at 104 percent. That's the kind of debt the United States racked up fighting World War II to pay for combatants, ships, tanks and other stuff would have bankrupted the country. When buying War Bonds was a patriotic and necessary act. Are we now supposed to buy War Bonds to keep America from going under.

Coincidentally, as the debt rushed past the $20 trillion level for the first time, debate was renewed over raising the national debt limit. The tiresome debate ceiling debate recycles regularly prompting Eric Zorn at the Chicago Tribune to call for the repeal of the debt ceiling. ("Trump's common-sense call to repeal the debt ceiling once and for all.")  Great idea. If we don't have the discipline to control the debt within the confines of an ceiling, then let's just get rid of the ceiling. I'll let you come up with your own analogy to that kind of thinking.

According to balance.org President George W. Bush added $5.849 trillion, a 101 percent increase from the $5.8 trillion debt at the end of Clinton's last budget, FY 2001. President Barack Obama Added $7.917 trillion, a 68 percent increase from the $11.657 trillion debt at the end of George W. Bush’s last budget, FY 2009. Proving that bipartisanship is indeed possible when it comes to letting the kids take care of our IOUs. 

By the way, when you're looking at the National Debt Clock, follow the link to Illinois' debt. We Illinois taxpayers are still waiting for House Speaker Michael Madigan to come up with a realistic way to eat down the $155 billion state indebtedness. Remember, he didn't want Gov. Bruce Rauner to put anything in his budget proposal to address our deficit spending, with the assumption that it should be a clean bill to deal with it.

dennis@dennisbyrne.net

www.dennisbyrne.net

Filed under: Budget, Politics

Tags: national debt

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  • $15 billion or more of it is a result of having "doubt" about climate change. More when the bill for Florida arrives.

  • In reply to jack:

    $15 billion is a box lunch for Uncle Sam.

    Had the US adapted the Climate Change religion would the repair bill be any less when that comes?

    Would Al Gore have used his ample supply of hot air to counter Irma and Harvey and blow them back on the Caribbean islands, or all the way to Africa?

    No hurricane strikes in 12 years on the US mainland makes some of the Climate Change believers a Doubting Thomas.

  • I'm glad to see that you are no longer a fiscal conservative, Boy oir Richard.

    So, I guess you agree that Dennis is off base in bringing this up.

  • Nobody cares about the debt. They care about whether or not they will get Free Stuff. I'm talking about the citizens. The politicians reflect the will -- or lack thereof-- of the people.

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