Wednesday, November 06, 2013
"Your share of the national debt is now $1.1 million"
Even though this number seems far away from us, it is an indication of what's been going on...
Merrill Matthews reports this on the "Rare" website:
"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."
