Saturday, April 18, 2009

$184,000 in Debt Per Person!!

The National Debt is now over $11 Trillion dollars. This does not include unfunded obligations for Social Security and Medicare (all those FICA taxes you are paying have been spent on current budget programs).

The Peterson Foundation estimates that the national debt including these obligations is $56.4 Trillion as of September 30, 2008. That comes out to $483,000 per household or $184,000 for every man, woman and child in this country.

This isn't even counting the debt we are scheduled to pile up this year and next ($3 Trillion more).

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