Speaking of gold, and the opposite, what ain't:
date public debt intra-gov't holdings total public debt
---------- ------------------- ------------------ --------------------
12/01/2008 6,396,590,860,569.49 4,264,584,043,238.19 10,661,174,903,807.68
11/30/2009 7,712,387,187,111.25 4,400,660,351,004.17 12,113,047,538,115.42
$1,451,872,634,307.74 increase
Or just call it $1.45 trillion in new debt in the past 12 months shy one day.
I see SS and Medicare have contributed $134 billion in the plus column. I believe when this reaches zero in a few years, reductions will be thrust onto SS and/or Medicare, or both, likely with the Medicare cap lifted (on annual wages) long before then. Perhaps there will be a Medicare surtax on capital gains. Why should wage earners be the only ones in on the fun? |
