A Limerick on Thanksgiving Day leftovers: A 24 Billion dollar increase in Federal Debt.

A Limerick  on Thanksgiving Day leftovers: A 24 Billion dollar increase in Federal Debt.

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals $211.69 for each of the nation’s 114,916,000 households. (CNSNEWS)

In August 2011, the debt ceiling — the amount of money the federal government is allowed to borrow — was raised by $2.4 trillion, to $16.394 trillion. According to the National Debt Clock, as of Nov. 23, the total debt was nearing the limit, at $16.3 trillion. You also could think of it as about $51,000 per person in the US.

A decadent town on Potomac,

where cronyism fills up its stomach.

It is borrow and spend,

print more money to lend.

Our government has run amok.

Published by

lenbilen

Engineer, graduated from Chalmers Technical University a long time ago with a degree in Technical Physics. Career in Aerospace, Analytical Chemistry, and chip manufacturing. Presently adjunct faculty at PSU, teaching one course in Computer Engineering, the Capstone Course.

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