Wow, gross debt has topped 12.17 trillion and growing 1 million every 4 seconds

the interest repayment on that....GAH!

America couldn't even pay that.

12.273 trillion and now growing by a million dollars every 3 seconds.

Actually the national debt is declining in absolute terms because the dollar is losing so much value. The debt is only rising in nominal value.

Yes that sucks for your bank account so the real issue is the stability of the dollar. The system is designed for debt relief and so the dollar gets massively diluted in the form of a hidden tax which keeps you working until you are old and gray.

On a side note, if you look at the interest paid on the total debt.. fiscal year 2009 was the lowest interest paid since 2005.

[link to www.treasurydirect.gov]

This is why the debt seems to be under control.

$15,000,000 every minute.

Um, since you are so convinced, I will rebut your comments with a fact of Law. Congress has the only lawful right to set the value of the Dollar, that is in the Constitution. The US Dollar you are speaking of is the Federal Reserve Currency and not the Gold or silver backed lawful money of this Nation.

The US Treasury website is proof enough the currency you are speaking of has ZERO value, and is in fact debt. Only a delusional fool would accept interest bearing debt, which is only discharged by more interest bearing debt is a good thing. Sure are lots of fools around, making bad debt seem so good.