Monday, October 19, 2009

$1.42 Trillion Deficit

Yikes! That's a big number. The deficit for fiscal year 2009, which ended Sept. 30, came in three times the record from the previous year.

The worst part is that the future deficits is currently projected to total $9.1 trillion for the coming decade.

How much is that? Let's assume 305 million that would equate to a just under $5000 for every man, woman and child in America, and another $30k over the next ten years. And since kids don't pay takes yet, a family of four will need to pay $20k this year to pay the debt.

Of course Washington will not ask the people of America to pay for this and that is why we are using the debt measure. So who is paying the debt, look at China and other nations.

So why are people upset about health care reform... let me think? Could it be the addition of another trillion in debt?

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