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May 24 | Posted by mrossol | Economics, Uncategorized, US DebtFrom Drew Rathgeber:
First, allow me to share some very interesting statistics, which can be found on www.usdebtclock.org . Our US National Debt as of this morning is $14,282,545,200,000.00. For each individual taxpayer this makes the debt liability a staggering $129,164.00 and for each individual $46,215.00. Ironically, one very concerning figure I see is that there are only 111,425,654 current income taxpayers for the entire US Economy. So, just a little more than 1/3 of the country actually pays any taxes! I expect this number to continue to decrease as the baby boomers continue to retire. Therefore, these massive burdens will be the responsibility of the few.
(Oh, there are some corporate taxpapers, so the burden is not quite as large as it might seem.)
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