(CNSNews.com) - The national debt jumped by $72 billion on Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion spending.
If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15.
At the close of business on Monday, according to the Treasury Department’s Bureau of the Public Debt, the total national debt stood at $14.166 trillion ($14,166,030,787,779.80). At the close of business Tuesday, the debt stood at $14.237 trillion ($14,237,952,276,898.69), an increase of $71.9 billion ($71,921,489,118.89).
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Drunk with debt...
Drinking our way through $14 trillion.
As Seamus eagerly displays, years of overspending have left us drunk with debt. The US gross debt has reached $14 trillion — the size of the US economy. This has only happened once before in American history: World War II.
Produced by Bankrupting America
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Video - Ron Paul with the Judge - Mar. 16, 2011
Watch at least the first minute of this - the Judge is on fire. House votes today to order ALL troops out of Afghanistan.
Recently from Ron Paul...