Sunday, June 27, 2010

The Debt Clock Keeps on Ticking

Remember the Timex ad where John Cameron Swayze said: “Timex — Takes a Licking and keeps on Ticking.” Well, the folks at Timex have a long way to go if they want to catch up with our officials in Washington. Take a look at the U.S. Debt Clock. Besides the swelling national debt, you’ll find interesting facts such as how much we’re spending on Social Security, debt per citizen and income per family. Watching all the clocks tick away is a sight to behold ... Do you know, for instance, the personal savings for every citizen is only $1,100? Do you know that our Medicare liability is almost $76 trillion? How about the number of food stamp recipients? More than 41 million. But don’t let the ever-changing numbers depress you. Other than getting rid of all incumbents, there’s nothing you can do about them. Instead, study them ... memorize a few of the choice ones. Then imagine how you could use those goodies to impress your friends and family at the upcoming July 4 picnic. Best wishes and happy clock watching! George

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