Sirwin
Sirwin

Your Share Of The Federal Government's Debt (Which Is Your Debt)


If you are a US citizen, here is a fun statistic for you to wrap your head around:

In the 1920's the average spend per person in the United States by the federal government was around 200 dollars (that is in todays dollars, adjusted for inflation.) Today, with a 4 trillion dollar budget, that number is about 11,000 dollars per person. Now, if you think you don't get 11,000 worth of value from Uncle Sam, then someone else is getting your share.

One more. The interest payment on our national debt has now reached one trillion dollars a year.  Divide that number by the number of people living in the US (men, women and children) and you get just under three thousand dollars.  That's right, your share of the interest payment is about 285 dollars a month.  Don't even think about the share of a family of four, if you are in one, you might get a little depressed or that a lot of the people living in the US don't pay taxes.

(So, I am so far out of touch, the federal government will actually spend about 6.5 trillion this year, so this article is way too rosy.)

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SeventyFourSeventyFive
SeventyFourSeventyFive

I am an American aquarium drinker. I assassin down the avenue. I'm hiding out in the big city blinking. What was I thinking when I let go of you?


Interesting Thoughts, That Aren't Always Mine
Interesting Thoughts, That Aren't Always Mine

Just tidbits and info about whatever comes to my mind.

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