I feel extra hopey-changey, now – from Reuters:
The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose, a U.S. Treasury report showed on Tuesday.
The Financial Report of the United States, which applies corporate-style accrual accounting methods to Washington, showed the government’s liabilities exceeded assets by $13.473 trillion. That compared with a $11.456 trillion gap a year earlier…
It is just staggering to think that we’re that much in debt – and that our debt load is rising that fast. We’ll see how long the banksters and bureaucrats can keep this up, but I’m thinking we’re very close to the end of our rope.
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