If you are an American, do you think your government will be able to pay your Social Security benefits during your retirement life?
Go to this website and you can see the US Debt accumulate.
WATCH THE U.S. DEBT ACCUMULATE
Interestingly, with the US debt is 10 trillion, and the US population is 300 million, this leaves a national debt (not counting state debt) of $33,000 per American citizen.
But my estimate is that only about a third of the population (excluding retirees, children, and low income earners ) are significant income earners and tax payers.
This means a national debt of about $100,000 per significant taxpayer.
Hmm . . . . do you think that there is a problem here with paying this debt off?
WATCH THE U.S. DEBT ACCUMULATE
Interestingly, with the US debt is 10 trillion, and the US population is 300 million, this leaves a national debt (not counting state debt) of $33,000 per American citizen.
But my estimate is that only about a third of the population (excluding retirees, children, and low income earners ) are significant income earners and tax payers.
This means a national debt of about $100,000 per significant taxpayer.
Hmm . . . . do you think that there is a problem here with paying this debt off?
Both Debt and Greed are coming back to roost like the clucking hen from hell.
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