http-equiv='refresh'/> Consfearacynewz: U.S. Debt Per American Under 18 = $218,676-- (Actually $3,053,500)

Monday, November 5, 2012

U.S. Debt Per American Under 18 = $218,676-- (Actually $3,053,500)

4 Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S. Debt Per American Under 18 = $218,676

  I love these stupid articles.  Like these children are going to pay this in their lifetime. Many Americans can barely pay their monthly bills.  According to Dr. Kotlikoff, the real national debt is $222 trillion.  So doing the simple math, each under 18 year old American owes $3,053,500 dollars, not the $218,676 that they claim in this article.  Our leaders have failed us and the bankers have screwed us.  

( - 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.

As of Nov. 1, the total national debt was $16,221,685,381,838.28, according to the Bureau of the Public Debt. On Jan. 20, 2009, when Obama was inaugurated, it was $10,626,877,048,913.08. Thus, during Obama’s presidency, the U.S. government debt has increased $5,594,808,332,925.20.

The 2010 Census said there were 74,181,467 people in the United States under the age of 18. Thus the total U.S. government debt of $16,221,685,381,838.28 equals about $218,676 per person under 18, and the $5,594,808,332,925.20 in new debt accumulated under Obama equals about $75,421 per person under 18.

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