Jeff Herman,August 5
U.S. Population in 2011 was 312 million, total government debt was $16 trillion, total unfunded government debt is $55 trillion.
Debt $ 48,231 per person
Unfunded debt $176,848 per person
State unfunded debt $ 25,000 per person
Total debt burden per U.S. citizen: $250,000
Who thinks that we can grow debt to $350,000 per person?
This is on top of a consumer debt burden of 130% debt to disposable income.
U.S. Population in 2011 was 312 million, total government debt was $16 trillion, total unfunded government debt is $55 trillion.
Debt $ 48,231 per person
Unfunded debt $176,848 per person
State unfunded debt $ 25,000 per person
Total debt burden per U.S. citizen: $250,000
Who thinks that we can grow debt to $350,000 per person?
This is on top of a consumer debt burden of 130% debt to disposable income.