Tuesday, April 12, 2011

Your Share of National Debt $46,000 and climbing!

Every man, women and child in the United States from newborn to 110 share of the National Debt is $46,000 and going up by the minute. This means an average family of fours share of the National Debt is $184,000! The median income in the U.S. in 2009 was $49,777. This means the average income a person will make working an entire year is approximately their personal share of the National Debt. So if by some way everyone living in America could work for an entire year and give every penny they make to the federal government we could come close to paying off the debt. We would be about 5 Trillion short because of current year budget spending. It took the federal government 42 years to accumulate $14.2 trillion debt. It could be paid down in just thirty years.

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