U.S. debt amounts to $534,000 per household.
Original post made by Solutions?, Foothill Farms, on Jan 27, 2012
U.S. owes Sixty Two Trillion, which amounts to Five hundred and Thirty Two Thousand per U.S. household.
This is more than five times what Americans have borrowed for everything else in mortgages, car loans, and other debt.
The Federal debt only tells us what the government owes to the public. It doesn't take into account what's owed to seniors, veterans, and retired eployee's.
The government has promised pension and health benefits woth more than $700,000 PER retired CIVIL servant. The pension fund's key asset;fereral I.O.Us.