29 May You Owe the Government $516,348
Allow me to veer off the artistic path for a moment…
According to this USA Today article, if we wanted to pay off the Federal Government’s debts right now that’s how much every American household would have to pay. If you don’t happen to have half a million in spare change lying around, how about an installment plan? You could pay $31,000 a year (or $2,580 per month) for 75 years and that would do it.
If you’ve got a lot of credit card debt, you might find some comfort here. You’re spending peanuts compared to the debts the government is racking up for you.
Does this concern anyone else? The next time you hear a politician complain that we aren’t spending enough on this or that program, ask yourself…Isn’t the government spending more than enough already?
I now return you to your regularly scheduled blog.