The Best of Times

[Sandcock]

[Sandcock]

and.......

[Sandcock]

The total obligations of the US government include the funded debt (about $14.5 trillion) plus the unfunded liabilities associated with Social Security, Medicare, and Medicaid. The trustees of these programs estimate the present value of these obligations to be over $100 trillion. These estimates have traditionally trailed reality. Recent deterioration in the funds flowing into these programs and the increase in healthcare costs as a result of ObamaCare is likely to require significant upward revisions in the estimates.

The magnitude of numbers in the billions or trillions is incomprehensible to most. To reduce these numbers to measures that can be understood, the following assumptions are used:

The population of the US is 330 million people.
The number of households in the US is 150 million.
The funded debt of the US government is $14.5 trillion.
The total liabilities (funded and unfunded promises) of the US government are $120 trillion.
By converting government obligations to individual and household portions, the numbers become understandable (and unconscionable):

Funded Debt: Each individual in the US has been put into debt by government borrowing to the amount of $44,000. Each household, on the same basis, owes $97,000. A family of four, $176,000.
Total Liabilities: Each individual's share of total government liabilities is $364,000. Each household owes $800,000. A family of four, $1,456,000.

Source: http://www.americanthinker.com/2011/07/ ... arade.html

[Rick Bowen]

You can see the clock tick here: http://www.usdebtclock.org/

Really depressing.

[HSSC]

You can see the clock tick here: http://www.usdebtclock.org/

Really depressing.

Now added to my favorites. Rollin rollin rollin, keep them dollars rollin........ Rawhide.....