The graphic for the US is far too optimistic. They don’t count the debt related to Social Security. There are nothing but IOU’s in the lockbox. Just using $20 trillion gets you to $60k per person. How about the $200 trillion of unfunded welfare liabilities? That puts the number at $660k per person. Tell that to a snowflake millennial and see the look on their face.
With the U. S. National Debt closing in on the $20 trillion mark, there has been a lot of conversation in Washington about debt and its role in government. And most of that conversation right now revolves around President-elect Donald Trump.
This post was published at The Burning Platform on November 24, 2016.
Follow on Twitter
Recent Comments