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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (671905)2/10/2005 3:53:13 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
America's debt problem. You may have missed it. But there it was on the front page of the USA Today recently.

* $84,454 -average household personal debt

* $473,456 -YOUR share of America's unpaid Social Security and Medicare promises

* $53 TRILLION -Total federal, state, local, corporate, and personal debt in the United States

That's right. America's total debt is nearly 400% larger than GDP.

* The U.S. government is operating with a $521 billion deficit

* The trade deficit (the difference between what we buy from foreigners and what we sell to them) is clocking in at a record $600 billion too!

* And Americans themselves are in credit card debt to the tune of $2 trillion - $6,788.68 for every man, woman and child in the country