Monday, December 03, 2007

Fiscal Wake-Up Tour

The national debt is expanding by about $1.4 billion a day or nearly $1 million a minute and currently stands at over $9.3 trillion. Interest payments, at $227 billion last year have already become the fifth largest item in the federal budget. The Bush administration will leave office with the national debt at over $10 trillion, up from $5.6 trillion when they took office.

The Fiscal Wake-Up Tour, a group of traveling economists, on the road since 2005, are sounding the alarm, hoping to shed light on the long-term federal budget and the fiscal problems we face in the future if we continue on the same path. Their goal is to inspire regular Americans to start thinking about our fiscal future hoping they will ask politicians to come up with a solution.

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