Quote of the Decade

"An American celebrating his or her 100th birthday this year - and quite a few will be - was born at a time when the TOTAL debt of the US Treasury was $US 2.8 Billion. In fiscal 2012, the US Treasury borrowed that amount in about 19 hours. An American celebrating his or her 50th birthday was born at a time when the funded debt of the US Treasury was $US 300 Billion. In fiscal 2012, the Treasury borrowed that amount in less than three months. An American celebrating his or her 12th birthday today was born at the beginning of the 21st century. That person doesn’t have much to celebrate, given the fact that almost two-thirds (65 percent) of the total funded debt of the US Treasury has been amassed in their lifetime."

More here.