Friday, May 29, 2009

Federal Obligations

From this article in USA Today http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm
Each household owes $546,668 in federal obligations. If you look at the interactive chart, 81% of these obligations are for Medicare and Social Security.
I don’t know what the average household income is, but I am guessing that the average household owes about 10 years of wages to the feds.
And we thought California was broke.
Who thinks we can afford to even discuss National Healthcare.

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