and it's not even your debt. It is the debt the government has run up, and somehow it expects us taxpayers to pay it.
Each U.S. taxpayer now has a federal-debt liability of $1.1 million, and rising.
Remember that when President Obama boasts that the federal
deficit—the shortfall between annual revenues and spending—is declining.
Of course, the primary reason for the decline is the sequester, which
was his idea but now adamantly opposes.
The public tends to focus on the total national debt, which just
passed the $17 trillion mark—up from $10.6 trillion when President Obama
took office. But that figure pales in comparison to the federal
government’s long term unfunded liabilities—money the government is
obligated to pay over and above the revenues it is estimated to receive.
According to the U.S. Debt Clock, total long term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer.
Point this out to any Leftists you might run into.
No comments:
Post a Comment
Please moderate yourself and your language. No posting of links to businesses, if you have a business you wish to advertise send me an e-mail. Please do not hide links in a comment. Post any links in full.
If you do not have a full user profile, your comment may be reported as spam. Particularly if you post a link to a commercial site.
中國詞不評論,冒抹除的風險。僅英語
It doesn't take much to fill your profile and put in a picture.
Thank you for reading my blog.