Thought you would get a chuckle out of this website showing the national debt. If you refresh your screen every 5 seconds, watch what happens when you take into continuous update of the rolling interest on the national debt....WOW ! 11 TRILLION AND IF YOU WAIT 20 SECONDS IT GOES UP A MILLION....I EXTENDED THE MATH AND HERE'S WHAT IT CAME OUT TO:

FOR EVERY MINUTE THAT PASSES IN A DAY, THE DEBT INCREASES BY 3 MILLION DOLLARS.

FOR EVERY HOUR THAT PASSES IN EVERY DAY, THE DEBT INCREASES BY 180 MILLION DOLLARS.

FOR EVERY 24 HOURS OF EVERY DAY PASSES, THE NATIONAL DEBT GOES UP 4.32 BILLION DOLLARS.

FOR EVERY WEEK THAT PASSES BY, THE NATIONAL DEBT GOES UP 30.24 BILLION DOLLARS.

FOR EVERY MONTH THAT PASSES, THE NATIONAL DEBT GOES UP 907.20 BILLION DOLLARS.

So basically, each month that the folks on capital hill keep spending, we can add close to $1,000,000,000,000 (trillion) to the total of our national debt just for the accumulation of interest on our current debt. My question is this...who do we plan to sell this debt to as we move forward ? The Chineses is are asking us to go to a global currency at this very moment so that speaks loudly about their attitude about buying our debt in the form of treasury bonds. Heck, the US T-Bond is in the pits so it's obvious there is no interest from anyone to buy debt that is currently yielding $2.926% . Somethings gotta give. Will be interesting to see how this one plays itself out. Food for thought.

HERE'S THE WEBSITE:

http://www.brillig.com/debt_clock/

It was a fun excercize none the less.

John