Tuesday, April 28, 2009

Spending Spree

I watched this short "news" story, and something slapped me across my face. Did you know that today, each American's portion of the national debt is $35,000! That means that each American will have to generate $35,000 just for the US to be debt free. Of course, this assumes that we will not add on more debt, which seems impossible with the Federal spending and decreasing tax revenue. Also, a citizen must work to generate $35,000 in taxes, which increasing number of Americans are having difficulty doing. An amazing burden is being put on our citizens.

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