This is how bad it is:
On the first day of fiscal year 2013, the federal government added more debt than was accumulated between the nation’s founding and sometime in October 1942, about ten months after the Japanese attacked Pearl Harbor, a span of about 166 years.
CNS News notedthe $93,245,605,914.16 added to the debt on Monday “equaled about $816 for every American household.” And “since median household earns about $138.36 per day over a 365-day year,” the median household would need to give up all of the money it earns for nearly six days to pay off its share of the debt accumulated on the first day of fiscal year 2013.
The economy has been so bad for so long that it has pushed the national debt down on the list of voter concerns, but it's still there, still growing, still a menace. It wasn't exactly reassuring that in the debate last night, Mitt Romney went out of his way to insist that he will spend $716 billion more on Medicare than President Obama would.
