Children born today will carry a $30,000 share of the national debt.

Discussion in 'Economy' started by JBeukema, Sep 23, 2010.

  1. JBeukema
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    JBeukema BANNED

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    YouTube - Mourning.mov


    PolitiFact | "Mourning in America" ad echoing Reagan classic gets its numbers right
     
  2. SFC Ollie
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    SFC Ollie Still Marching

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    I thought I saw somewhere that it was $43,000 each....

    Not that any of us could write em a check......
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    ABC news reported it as over 40,000 each today.
     
  4. JBeukema
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    Read the end of the quotes section:

    In a recent item, we discussed the relative merits of two different measures for the national debt. One is debt held by the public (which the makers of "Mourning in America" used, and the other is that amount plus debt held by the government, typically in trust funds for major government programs, including Social Security and Medicare. When we asked economists for their opinion of which measurement is more relevant, each of the two statistics had its fans, so we concluded that both are legitimate measurements. For completeness, we'll note here that using the larger figure, called gross federal debt, the per-person debt load would be just shy of $45,000, which would only make the ad's argument stronger.
     
  5. loosecannon
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    loosecannon Senior Member

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    are you kidding? It is already MUCH higher than that.

    Years ago the comptroller of the Government Accountability Office projected that the US had a total of AT LEAST $60 trillion in debt and unfunded liabilities. It is more now of course.

    But even in 2005 every child born in the US inherited a debt/liability of at least $200,000.
     
  6. Article 15
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    Article 15 Dr. House slayer

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    Then we should just print out enough money to pay the debt then assign each child their portion and defer it until their 18th birthdays. Once they turn 18 they start paying. If they can't pay we put them into forced labor camps until the difference is made up. Problem solved.
     
  7. JBeukema
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    Sadly, I don't doubt that there are people who think that would be a good idea.
     

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