Tuesday, June 7, 2011

US Owes $62 TRILLION (half-million $ per household)

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USAToday, 6-7-11, pg 1 and 4A: US Owes $62 TRILLION;
 unfunded obligations amount to $534,000 per household.
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Program                               Debt                            Debt/Household
Medicare                       $24.8 TRILLION                  $212,500
Social Security              $21.4 TRILLION                  $183,400
Federal Debt                  $ 9.4 TRILLION                   $ 79,900
Military Retirement       $ 3.6 TRILLION                    $ 31,000
Federal Retirement        $ 2.0 TRILLION                    $ 24,000
++State,local, schools   $ 5.2 TRILLION                    $ 44,800
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Instead of standing-up to address this financial debt tsunami that threatens our security, our quality of life and financial systems, the Democrats and Liberal Press continue to demagogue the issue, totally ignore the Obama Task Force Recommendations, wage class warfare on those Republicans and Independents who try to address the crisis and then tell the public that Joe Biden will fix it!
http://roanokeslant.blogspot.com/2011/06/yet-again-roanoke-times-unable-to-tell.html
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Bill Clinton’s reaction to the demagogy in the NY 26th Congressional Election points out that there are responsible Democrats who understand the magnitude and severity of the problem and are disturbed at total lack of Obama action on the situation.
http://www.pbs.org/newshour/rundown/2011/05/former-president-bill-clinton-said.html
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Prior Items:
http://roanokeslant.blogspot.com/2011/06/yet-again-roanoke-times-unable-to-tell.html
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http://roanokeslant.blogspot.com/2011/04/obama-democrat-credit-score-train-wreck.html
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http://roanokeslant.blogspot.com/2011/04/like-crack-addicted-junkies-government.html
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