Today's debt burden for full time workers in the private sector has almost doubled since 2007. It was a little more than $100,000 in 2007 and was a little more than $200,000 in 2013 (likely considerably higher at this moment). So Obama has effectively "changed" America as promised.
I feel sorry for America's future victims -- that is, the youngsters who'll graduate from high school into a life of virtual poverty. Taxes will be higher; more folks will be on welfare; an influx of unskilled illegal aliens will flood the job market; and the American taxpayer will be loaded down with a tax burden too great to carry.
Federal Debt Now 200 000 Per Full-Time Private-Sector Worker CNS NewsAs of last Friday, the total debt of the federal government was $17,858,480,029,490.28, according to the U.S. Treasury. That equaled $200,258.81 for each of the 89,177,000 full-time private-sector workers that, according to the Census Bureau, were in the United States in 2013.
(There were a total of 105,862,000 full-time workers in the United States in 2013, according to the Census Bureau. However, 16,685,000 of these full-time workers worked for government, getting paid with tax dollars or from government borrowing. That left only 89,177,000 who were self-employed or worked for private-sector employers.)
Federal debt per full-time private-sector worker has escalated rapidly. At the end of 2007, the total federal debt was $9,229,172,659,218.31, which equaled $101,158.25 for each of the 91,235,000 full-time private-sector workers in the United States that year. In 2000, the total federal debt was $5,662,216,013,697.37, which equaled $66,553.23 for each of the 85,078,000 full-time private-sector workers that year.
I feel sorry for America's future victims -- that is, the youngsters who'll graduate from high school into a life of virtual poverty. Taxes will be higher; more folks will be on welfare; an influx of unskilled illegal aliens will flood the job market; and the American taxpayer will be loaded down with a tax burden too great to carry.