Friday, May 29, 2009

Half a million dollars in debt

Did you know that your family is half a million dollars in debt and you probably didn’t even know it?

I read an interesting article about our country’s debt obligation.  So, not just our current debt but everything that we have committed to pay in the future (includes only those currently in the system for Medicare and Social Security).

The grand total according the article is a whopping $63.8 Trillion of government obligation.  That comes out to over $500,000 per household!  The President has already conceded that we are out of money, he just didn’t tell you how big the problem is.  Just wait until universal healthcare enters the scene.  One of these days it’s all going to come tumbling down.        

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