pitzerwm
Active member
Our national debt changes by the second, but as of this writing, the latest number is: $13,737,000,000,000. That’s $13.7 Trillion dollars folks.
If you charged Americans for the national debt, each citizen would have to shell out $44,200. If you just asked taxpayers to pay it, that tab would climb to $124,000 per person.
At this pace in just five years our national debt will be more than $17 Trillion! That’s over $53,000 per each citizen! Or $153,000 per taxpayer!
But that’s not close to the real deficit. The REALLY scary debt numbers are the ones that are NOT counted.
You see, most people have no idea what the U.S. government owes on “unfunded obligations.” That’s government-talk for entitlement programs like Medicare, Social Security – the programs that no politician wants to do away with.
As it stands right now, Social Security costs $14,663,000,000,000. Medicaid creates $19,400,000,000,000 in more debt. Medicare is the worst offender at $77,147,000,000,000.
Add it all up, and the total unfunded obligations sit at $111.2 Trillion bucks! That’s more than 755% MORE than the “national debt!”
Or in short, that’s over $1 million per tax payer!
That means that if every tax payer in U.S. forked over a million bucks, we would just be at BREAKEVEN. Since these programs are set to automatically grow, we’d be getting right back in the hole again.
By the way, if you don’t believe me, you can go to the National Debt Clock website and see for yourself. But I warn you don’t go there if you have a weak stomach.
If you charged Americans for the national debt, each citizen would have to shell out $44,200. If you just asked taxpayers to pay it, that tab would climb to $124,000 per person.
At this pace in just five years our national debt will be more than $17 Trillion! That’s over $53,000 per each citizen! Or $153,000 per taxpayer!
But that’s not close to the real deficit. The REALLY scary debt numbers are the ones that are NOT counted.
You see, most people have no idea what the U.S. government owes on “unfunded obligations.” That’s government-talk for entitlement programs like Medicare, Social Security – the programs that no politician wants to do away with.
As it stands right now, Social Security costs $14,663,000,000,000. Medicaid creates $19,400,000,000,000 in more debt. Medicare is the worst offender at $77,147,000,000,000.
Add it all up, and the total unfunded obligations sit at $111.2 Trillion bucks! That’s more than 755% MORE than the “national debt!”
Or in short, that’s over $1 million per tax payer!
That means that if every tax payer in U.S. forked over a million bucks, we would just be at BREAKEVEN. Since these programs are set to automatically grow, we’d be getting right back in the hole again.
By the way, if you don’t believe me, you can go to the National Debt Clock website and see for yourself. But I warn you don’t go there if you have a weak stomach.
