Some Alarming Facts about the national debt …

$9.13 trillion- the current total of the U.S. National Deficit
$1.4 billion- a day, $1 million every minute- the rate the national debt is expanding
$30,000- owed by every person (including infants) in the U.S.
$5.1 trillion- the amount the debt has risen since January 2001 when George W. Bush took office
$9.82 trillion – the amount the democratic congress recently raised the debt ceiling to
$430 billion- total interest on the national debt last year
$2.4 trillion – estimated cost of the wars in Iraq and Afghanistan over the next decade

Past, Present and Future Projected Debt…
35%- the amount of national debt as a percentage of GDP in 1975
65%- the amount of national debt as a percentage of GDP in 2007
350%- the estimated amount of national debt as a percentage of GDP in 2050

Foreign Ownership of U.S. Debt
$2.23 trillion – the amount foreign governments hold of U.S. Debt, up 9% from 2006
$610 billion- Japan
$407 billion- China
$210 billion- U.K.
$123 billion- Oil Exporters
See complete list here

The national debt is nonpartisan. It belongs to us all, and was created by the faulty policies of both political parties.

Current American debt policy advocates increased spending and reliance on foreign lenders to purchase our debt and prop up our economy. This path is economically unsustainable and dangerous if we want America to be an independent and wealthy nation.

All Americans should encourage their congressional representatives, especially those seeking office in 2008, to come up with solutions to wane us from our debt dependence. We must send a message loud and clear that if they do not address our debts and the other pertinent issues facing the economy they will not receive our vote. We owe it to future generations to leave them a country free from the burdens of our current destructive deficits. It is the least we as Americans can do.