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GENERATION DEBT: Every American Under 18 Now Owes $218,676
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Anonymous Coward |
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(CNSNews.com) - If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676. That is more than the $130,468 average price tag for four years at a private college or the $173,100 median price for an existing one-family home in the United States. During the time Barack Obama has been president, the U.S. government debt has increased from approximately $143,255 per American under 18 to approximately $218,676 per American under 18--a climb of $75,421 or about 53 percent. [ link to cnsnews.com] Quoting: waht But when the Tea Party pushed for a balanced budget amendment to the Constitution, Liberals squealed like stuck pigs and started the non-stop names: radicals, extremest, racist, neo-cons, etc. Smaller govt. and less spending is like holy water to the devil, Nancy, Barry, Harry and their ilk.
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