As of 11/20/11 (~2:00pm EST)

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As of 8/24/11:

usdebtclock.org

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From DSC:
With the increase in globalization — and from what I’ve seen happening in the financial systems (i.e. how what happens in Europe affects the financial systems in the U.S./Asia/other and vice versa) — it seems clear that we are all in this boat together.  If that’s true, what does that mean for:

  • Businesses and economies around the world?
  • The ability of families and individuals to afford the increasing cost of getting a degree?
  • Higher educational systems — and business models — around the world?
  • How do we resolve such massive problems?
  • What does all of this mean for how we should be educating our students?

 

Addendum on 11/21/11:

  • Debt committee: Why $1.2 trillion isn’t enough — from money.cnn.com by Jeanne Sahadi
    Excerpts:
    That’s because under the most likely scenario, reducing deficits by $1.2 trillion won’t stop the accumulated debt from growing faster than the economy.
    …
    Thus, to stabilize the debt, Congress would need to pass a debt-reduction plan worth $4 trillion to $6 trillion, budget experts say.