Monday, April 27, 2009

Happy Belated Debt Day

It came so early this year, it was easy to miss it.

National Debt Day is the day the government has reached the point of spending all of its revenue for the entire year. This year it was Saturday, April 26. Occurring in August in most recent years, this year it was front-loaded by bailouts and the stimulus package. Revenues are also expected to be down due to the recession.

While the Debt Day is purely symbolic, it ought to be a wake-up call to anyone who isn't outraged yet. Imagine if your teenager was living this way, "but Mom I can't help it. There aren't any jobs and these things I need are so important." Sounds like your representatives, doesn't it?

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