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.
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.
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