Evidently, We Are Stupid…

Government debt held by the public, by the end of the fiscal year,  will have ballooned from $5.8 trillion to $8.5 trillion in less than a year.

The $4 trillion that Congress may spend by Sept. 30, the end of the fiscal year, breaks down to a daily outlay of $11 billion every 24 hours.

Congress is now spending about $3 trillion more than it did in 1945, at the end of World War II, once numbers are adjusted for inflation.

“The bottom line is that it’s a very large number.” (Nicholas Economides, a professor at NYU’s Stern School of Business.)

Duh.

We are in a recession. The economy sucks. We are spending money we don’t have. We aren’t bothering to keep track of what we’re spending money on. Congress is gleefully planning on spending MORE of the money we don’t have…. And they aren’t listening to the taxpayers who are telling them “Stop!”

Because, evidently, we are stupid. And the government is coming to save us.

We’re screwed.