The best way to express this is the way that Brit did in the house of commons last week.
In terms of what every newborn baby is born owing as “his” (or her) slice of the debt. I think the Brit said it was about 20K pounds.
We should know that number for American babies. It puts the sheer immorality of this into stark relief.
Based on $10 trillion of national debt (old, low number) and 300 million Americans, it works out to $33,333 per person.
Sean Hannity mentioned this...something like every person in the US from 18-40yrs old will owe over $60k for the current budget proposal. Additionally, those under 18 will owe, just not as much.
Of course the longer it's not paid back the more it'll cost. The ENORMOUS ELEPHANT in the room is the retirement of the baby boomers IMHO. They're the one's paying the taxes and they won't be paying nearly as much once they start drawing those SS checks.
Young adults today are soooo screwed. Dumb-asses voted him in though...