For those keeping score at home, this fiscal year will be the fourth in a row that the deficit will exceed $1 trillion, so that, by the end of this year, the national debt will be more than $16 trillion.
By Chuck Souder
Friday, May 18, 2012 at 2:00 am (Updated: May 18, 2:01 am)
I have written before about the quickly approaching catastrophe that our country is facing with regard to the enormous (and rapidly increasing) debt our government continues to pile up.
To make sure we all understand the terms involved, the national debt is the total amount the government owes. The deficit refers the amount the government spends each year over and above the revenue that is generated (which is then added to the national debt).
If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!
Renew Current or Past Subscription / Register for Online Subscription
If you currently subscribe or have subscribed in the past to the Sentinel-News, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
New Subscription/30 Day Free Trial Account
If you are new to the award winning Sentinel-News and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.
Create a limited access account. Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.
The Sentinel-News | firstname.lastname@example.org | 502-633-2526 P.O. Box 399, 703 Taylorsville Road, Shelbyville, KY 40065 Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday