Gov’t Has Borrowed an Additional $29,660 Per Household Since Obama Signed Stimulus

[coreseller]

Some responses above were all too predictable. In all, each one of America’s 112,611,029 households represents $125,475.18 of the national debt. IMO, assigning blame at this time is pointless (anyone with any shred of fiscal acumen can see the obvious), fixing it (via MASSIVE budget cuts) is PARAMOUNT!! I am personally very reassured at the fiscal shake up going on across the country (local, state and federal), hopefully the movement will not lose steam.

[brp987]

It's amazing to think that it took nearly 50 yrs to run up our first $8T debt in 2007, but only another 5 yrs to double it. It's good people got the debt "religion", but it is now far too late. Few can afford their debt portion, and those who can can't afford those who can't. I haven't heard a single economist say this debt (including entitlements, state, and municipal) can be repaid w/o destroying our currency. The patient is terminal. Hope for soft landing and rebirth.

[Brucelee]

Actually, fixing the issue is doable but hard, kind of like stoppiong drinking.

It is simple to do, but very hard. First, you have to get honest enough to admit what a loser you are. Then, the work can begin.

[brp987]

Originally Posted by Brucelee

Actually, fixing the issue is doable but hard, kind of like stoppiong drinking.

It is simple to do, but very hard. First, you have to get honest enough to admit what a loser you are. Then, the work can begin.

Good luck taking that tack in congress. Peter Schiff on the debt issue:

paste into browser: http://www.youtube.com/user/schiffreport?blend=1&ob=4]youtube - schiffreport