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CNBC just reported that the national debt has exceeded $16 trillion in the past hour. (Although my favorite debt clock web site still shows a few minutes to go, the Department of the Treasury’s site confirmes the dubious new record.)

On the first day of the Democratic National Convention. How utterly appropriate.

About the Author

Ross Kaminsky is a self-employed trader and investor and is a senior fellow of the Heartland Institute. He is the host of The Ross Kaminsky Show on Denver’s NewsRadio 850 KOA at 11 AM on most Sundays. You can reach Ross by e-mail at rossputin(at)rossputin(dot)com.

http://spectator.org/blog/2012/09/04/a-new-high-or-low-national-deb

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