How does it feel to be 1.1 millions in debt

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.

Your share of the National Debt

Over at Ace's there is nice write up about the true nature and your, our, my share of the National Debt.

"Our debt is 105.6% of our GDP. If everything we earned for 1 year and 19 days went directly to paying off debt, we would be in the clear. In the meantime, you would be kicked out of your house for not paying property taxes, in legal trouble from not paying state of federal income taxes, and looking kind of thin from subsisting on moss soup and acorns. Clearly, this will not be fixed in a year. Or two, or five."

Click the above to RTWT

Entitlements

Peter has a post you NEED to read.  Really really NEED to read.

"An 82-year-old woman with a rap sheet dating back to 1955 has been arrested on suspicion of burglarizing at least eight doctors’ offices throughout Torrance.. . .[Doris] Thompson has a 21-page rap sheet that includes arrests from 1955 for disturbing the peace, burglary, forgery and grand theft from Los Angeles to the South Bay to Beverly Hills, according to the Daily Breeze. She was arrested in connection with a homicide in 1957, but was deemed insane and committed to a hospital.The octogenarian previously pleaded guilty two years ago for similar burglaries, and reportedly asked if she would be serving the entire three years of her sentence. Thompson was released on parole in November.According to the newspaper, she reportedly told detectives at her sentencing that she “wouldn’t do all this nonsense if the government gave us more money.”

Click to RTWT

Then he has the sickening news about the National Debt. You may have noticed it hit 16 TRILLION Dollars.

"It's worth remembering that when President Obama took office on January 20th, 2009, US public debt stood at $10.6 trillion. It's now 51% greater than that. In other words, in less than four years in office, President Obama has presided over an increase in US public debt approximately equal to the entire public debt incurred under all of his predecessors up to and including President Clinton - a period spanning 211 years."

Once again click to RTWT