Monday, May 26, 2008

Each American Family Owes Uncle Sam Half-a-Million Dollars

Out of control

It's true, the USA Today newspaper of middle America has shown that with Social Security, Medicare, interest on the debt, federal pensions, and loan guarantees the US Government has promised that each family will pay $531,472 in today's dollars for future promises made by the government. Compare this with private debt per household of only $119,173. And this is Democracy? What will happen when universal health insurance gets tacked on? Just say no.