Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

29 August 2008

Our Federal Government Debt

While considering which problems the Federal government should add to its goals to find and develop solutions, we should consider the size of the national debt. It is now over $9.5 trillion, with each and every family owing an $80,831 share of that amount. This is just the money we have already overspent.

Far more alarming is the unfunded future obligations to Social Security, Medicare, and other social programs. These unfunded promises now amount to $53 trillion.

Maybe we should stop to think about Obama's promises to spend still more on alternative energy, ending global climate change, and funding a national health care system, among many other new programs. Possibly, our resources are limited, despite his rhetoric being unlimited.

No comments: