AMERICA: 23 TRILLION INDEBTED -NOT A PROBLEM?

DO YOU EVEN KNOW HOW MUCH 23 TRILLION DOLLARS AMOUNTS TO? GREAT VIDEO FROM OUR FRIENDS AT THE EPIC ECONOMIST BREAKS DOWN THIS ABSOLUTE TIDAL WAVE OF DEBT THAT IS GOING TO CONSUME US ALL

THE BIGGEST DEBTOR NATION HIGHLIGHTS:

  • 74 TRILLION OWED TOTAL BY PUBLIC AND PRIVATE SECTORS COMBINED!
  • 1.6 TRILLION IN STUDENT DEBT
  • 16 TRILLION IN MORTGAGE DEBT
  • $187,000 DEBT DUE EACH TAX PAYER
  • $70,000 DEBT DUE EACH CITIZEN
  • $14,000 DEBT INTEREST PER BY EVERY AMERICAN ADULT TAXPAYING OR NOT EACH YEAR

THINK ABOUT THIS: AMERICA SPENDS 6.6% OVER WHAT IT ‘MAKES’ AS A COUNTRY (106.6% OF GDP adding to long term debt each year)! DON’T BE A DRONE.. THIS IS UNSUSTAINABLE!!

Comments are closed, but trackbacks and pingbacks are open.