Borrowing Goes Non-Stop

News New Mexico did a quick check of the national debt clock to determine the latest total borrowed on behalf of every income tax paying citizen in the nation. Almost fittingly, on Halloween the total stands at $123,983. Tomorrow morning when NewsNM hosts take the air at 6:00am they will begin their fifth month. During the first four months (since July 1st 2010) the federal government, in addition to spending every nickel of tax revenue it has received from the private sector, has borrowed $5,241 dollars for every taxpayer in America. This comes to $1,060.25 for each of the four months we have been on the air. Taxpayers will head to the polls on Tuesday. In part the elections will be about whether citizens feel they are getting good resource management from elected officials.

Borrowing Goes Non-Stop