The US National debt website shows the countries national debt stands at an eye watering $22 trillion but the US Fed have said that the true figure, once corporate borrowings, consumer loans along with debts being added by state and local government is included, is $72 trillion.
The Fed said that over the past 40 years, the US Treasury has been borrowing at a rocketing rate with the state debt soaring from less than $5 trillion during Ronald Reagan’s presidency, to $54 trillion when George W. Bush left office and Obama and Donald Trump adding another $18 trillion to reach the figure of today.
Using a calculator and my Grade D maths qualification, with a current US population of 328,675,066 according to the World Population Review, every American owes $220,000 each to Uncle Sam.
Better get that overtime bid in sharpish Mr and Mrs America.
3 comments:
Absolutely definitely to first two, been saying that for decades.
1. That's your issue but it seems your President is trying his hardest to stop Muslims already.
2. Don't know how your system is set up but welfare here is a universal benefit so everyone pays in for it and everyone receives it when they need it.
3. Open to abuse by employers.
Get out of Israel, it is America funding it which allows it to continue its abhorrent abuses and genocidal behaviour in the region.
Post a Comment