Friday, February 24, 2012

America's Government has Placed a Greater Debt Burden on Its Citizens Than Any Other

It seems Americans owe, per capita, more than the citizens of any other country in the world, including Greece.

"But don’t worry, you say. Surely our fearless leader, BHO, and the many geniuses employed in his administration have a plan to address the debt crisis. Right? Well, no, actually, they don’t. The administration’s hope, as expressed in Obama’s FY 2013 budget, is that by 2022, if all goes according to plan and every assumption embedded in the budget comes true, the average American’s debt will rise by 70%, to $75,000.

The American ship of state is beginning to resemble the Costa Concordia as it approached the rocks off Giglio Island. One question that will someday be answered by history is: which ship had the more irresponsible captain at the helm?"

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