$11,315,000,000,000

As of right now, the national debt is $9,670,880,065,762.  Each day, we add $1.84 billion to our nations debt.  As a result of the federal purchase of bad debt, the debt ceiling will be upped to $11.315 trillion.

You can see the current national debt here. 

As you watch Treasury Secretary Paulson on This Week with George Stephanopolis here, make sure you watch Rep. Boehner's and Sen. Dodd's reaction here.  Listen closely to them as they explain the seriousness of the situation.  When Republicans and Democrats are "willing to work together" there is something to take note.  When spending $1 trillion is better than the alternative, the alternative must have been very bad.

Let's recap the last week.

Former Federal Reserve Chairman called this "a once in a century crisis."

Now Representative Boehner says, "this could be the most serious financial crisis that the world has ever known."

In 1992, candidate ran on a simple theme, "it's the economy stupid."  He claimed that last four years had been the worst economy in the last 50 years. 

If he thought economic conditions were bad then, what must former President Clinton be thinking today?