“National Debt: Riled Up”
“Riled Up”
by Chuck Butler
by Chuck Butler
"This U.S. debt really gets me riled up, but the thing I keep coming back to is that most Americans have no idea the depth of the debt here in the U.S. I saw a story headline come across the Bloomberg this morning that said, “World’s Richest Worth $1 Trillion.” The story went on to say that the 40 richest individuals on earth are worth $1 trillion.
OK, think about that for a minute. If the 40 richest individuals gave everything they had to the U.S. to pay down the debt, it wouldn’t make a difference, really. In fact, it would take the current Congress about nine months, and they would go right through those riches. Does that help illustrate how bad our debt has gotten?
Or how about this: The total national assets are $83.3 trillion. The total U.S. unfunded liabilities are $118.5 trillion. If each taxpayer were to “ante up” and give the government money to pay off our unfunded liabilities, each taxpayer would have to put up $1,045,026.00. A million dollars! I don’t make these numbers up, folks. I often give you a link to the U.S. Debt Clock. Here it is for you to look at: http://www.usdebtclock.org/index.html"
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