To: SeekAndFind
That means that if one counts only the official national debt, every man, woman and child in America owes $48,700. Include the unfunded liabilities of Social Security and Medicare, and every one of us is in debt to the tune of $189,000. Divide the debt by the actual number of taxpayers (the ones who ultimately will be paying it off) and the numbers are much more frightening.
To: Cementjungle
That’s an excellent point.
As a retiree I went from paying a lot of taxes to collecting on SS and Medicare and there’s a tidal wave of folks my age.
15 posted on
02/03/2012 1:47:25 PM PST by
nascarnation
(DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
To: Cementjungle
Add to that the amount many of us are underwater on our homes, and it gets even worse.
Something tells me we won’t be “paying this off” with just money.
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