Brace for economic misery

The US national debt ticked over $US10 trillion for the first time last night. There is no more significance to this number other than it being a big, bad, round symbolic figure.

Though it does serve to illustrate one of the concerns over the $700 billion ($900 billion) bail-out package, that even if it were good policy it’s just too damned small.

» Brace for economic misery – The Age, 3rd October 2008.