Here are two disturbing items from the April 2006 “Harper’s Index”:
1. Amount by which Americans’ total spending last year exceeded their earnings:
$41,600,000,000.
2. Last year in which spending outstripped earnings: 1933.
Then again, the citizens aren’t doing anything different than their ruling political party.
For some startling graphics relating to the rising national debt, see here, here and here.
