US National Debt per taxpayer:

Analysis done on January 28th, 2010, and it's worse today.

Why break it down like this?

The National Debt is 12 Trillion dollars, but let's face it, most people can't relate to over a billion of anything. Let's break it down to cost per person. The numbers change, but you can plug in the new numbers as you see fit. It will still scare you.

National Debt facts with references:

• National debt - $12 trillion http://www.brillig.com/debt_clock/
• US population - 307 million http://www.brillig.com/debt_clock/
• As of 2007, there are about 138 million taxpayers in the United States http://en.wikipedia.org/wiki/Taxation_in_the_United_States
• Now the math:
  • $12 trillion divided by 307 million is about $39,000 per person
  • $12 trillion divided by 138 million is $87,000 per taxpayer
    • since I'm guessing your 5 year old child can't help

Other fun facts:

• If each taxpayer decided to take out a monthly mortgage to pay the national debt
  • to pay their $87,000
  • over 30 years
  • at 6%
  • the payment on that mortgage would be $497 per month for 30 years
  • after 30 years, you would get nothing
• Also, if your neighbor can't pay his, you have to pay it.
• Each trillion added adds about $7,246 to the total
  • Recent costs
    • The financial bailout of 2009, all $850 billion of it, will add $6,159
    • The health plan? $1.6 trillion over 10 years? That's $14,400 per taxpayer if they estimate it properly
      • they estimated Boston's big dig at 2 Billion, and it cost 15 billion
    • i think a health plan is needed, but at that price, it better include
      • massages
      • free food
        

The shameful truth;

If you're annoyed that your 5 year old can't help, don't worry, he and his children will have to pay all of it someday...

 

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