Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Affiliated Sites | Home RSS

Massive national debt stalks every American

September 17, 2012
The Mining Journal

Are you better off than you were when President Barack Obama took the oath of office?

It is a question the White House wil ask Americans, even as the national debt tops $16 trillion.

That works out to about $51,447 each for every resident of the United States.

When the president took office in January 2009, the national debt was $10.6 trillion - or about $34,083 per person.

With his term not yet over, then, the White House, working with liberals in Congress, has added $17,364 in debt for everyone - or $69,456 for a family of four.

The Congressional Budget Office estimates that if Obama remains in office, the national debt by the time he leaves in 2017 will be about $18.4 trillion.

At some point all that debt will have to be repaid, one way or another.



I am looking for:
News, Blogs & Events Web