|NEW YORK, NY - AUGUST 01: The National Debt Clock, a billboard-size digital display showing the increasing US debt, is seen on the corner of Sixth Avenue and West 44th Street on August 1, 2011 in New York City. The House of Representatives successfully passed a bill that would reduce national debt and raise the national debt limit, though the bill still needs to pass the senate. (Image credit: Getty Images via @daylife)|
According to this article, total unfunded US government liabilities are 222 trillion dollars. The population of the US is 312 million. To keep it simple, let's knock off 90 million people as being too young, infirm, whatever, to take on their share of the debt. So, let's say there are 222 million people available to take on the 222 trillion dollars of debt.
How much is that per person? Hmmm.
222,000,000 is 222 million
222,000,000,000 is 222 billion
222,000,000,000,000 is 222 trillion
222,000,000,000,000 divided by 222,000,000 is $1,000,000.
Yes ladies and gentlemen, each able-bodied American's share of government debt and unfunded liabilities is 1 million dollars.
Unless I've made a major error here somewhere, I would say the US is in deep doo-doo.
And, since the government plans to add another trillion dollars to the debt next year, getting dooier by the day.
And that's the way the doing-the-math Ball bounces.