$19.5 Trillion Debt
How much would you owe if the $19.5 Trillion Debt was called in?
With about 305,000,000 people and 111,000,000 households in the U.S.
$1 Million is 1¢ per household,
$1 Billion is $3.28 per person and $9 per household,
$1 Trillion is $3,280 per person and $9,000 per household
So if we multiply that by 19.5 here is what we get.
With about 305,000,000 people and 111,000,000 households in the U.S.
$1 Million is 19.5¢ per household,
$1 Billion is $63.96 per person and $175.50 per household,
$1 Trillion is $63,960.00 per person and $175,500.00 per household
Here is how it breaks out currently:
Each citizen of our country would owe about $60,155.00 each
Each taxpayer would owe about $163,071.00 each
Do you notice that nobody is talking about this problem in the upcoming election? They just skim over it. When we hit $30 Trillion in debt then those that own the notes will in effect own an entire generation of American workers.
Why are we giving money that we don't have away to other nations, and even to those that don't produce in this nation? This is debt that the government continues to rack up and they are in effect signing our name to the credit line. We are the commodity that they are promising to reap the payments from. Remember the government does not technically produce products or offer services in return for their monies, they only collect taxes from those that do.
It should piss you off that the last two Presidents along with the Senate and Congress have grossly mismanaged our monies. None of these individuals should have received any raises until the debt was under control, yet the spend, spend, spend, (to include giving themselves raises), your money and mine, our kids money, and now they are working on spending our grand-kids money as well.
The borrower is the slave to the lender, just remember that. Our freedom is basically being spent each and every day that they borrow more and more money.
For your current debt here is a link: http://www.usdebtclock.org/index.html