U.S. Debt

Tea Baggers: Where Were You When Bush Demolished U.S. Economy?

If you want a stern dose of reality I recommend visiting an important website, one to keep you in touch with the real world in a society where media and political spin abound.

The site is USDebtClock.Org and all you need to do is look at the steadily changing, ever flickering numbers that literally jump out at you to get in touch with the real economic world. As I write this the grand total stands at over $12.4 trillion.

That encompasses $40,239 owed per citizen. While this figure has been quoted frequently when this verboten topic has been discussed the real figure of overriding importance that has tended to be overlooked is the amount per taxpayer.

While $40,239 is a far from insignificant figure, it is nowhere near as calamitous as the salient number determined by taxpayer in that the aforementioned figure includes a large population of children as well as numerous other citizens not paying current taxes.

The amount owed per taxpayer stands currently at $113,496. This leads us into another important category as the situation gets worse, not better.

           Read more... 

Login or Register on Front Page
to comment on stories here


Click the image to visit TruthToPower.tv
and order The Warning on DVD

Watch the trailer here