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July 2011

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Brother, can you spare $46,000?

July 14, 2011 – Comments (6)

I asked my 15-year-old to do the basic math for me - divide $14.2 Trillion (the U.S. Debt - NOT INCLUDING obligations for Social Security, Medicare and Obamacare, which adds another $20 Trillion or so) by 310 Million (the current population).  The result, somewhere around $46,000, is how much every man, woman and child owe in this country.  He said he wasn't going to pay his portion.  I told him many folks among our leadership, including our President, want that number to continue going higher - perhaps as much as $5,000 per year!  Maybe by the time he has children it will be $100,000.  And maybe my grandkids will be more generous than my son, who refuses to pay up for his portion.    [more]

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