Dear American, You Owe the U.S. Gov’t $31,871
Thanks to the profligate spending in Washington D.C., each American citizen’s share of the debt is now up to $31, 871, as you can see by the chart below…
But that is nothing compared to where it will be in just a few short years. As the chart shows if things continue the way they are now, by 2032 each American’s share of the debt will soar to over $100,000. And by 2050 each American’s burden will be closing in on $300,000.
These are the result of Washington’s drunken spending sprees and the unfunded mandated spending that politicians continue to push. Without entitlement reform and a way to cut spending, the United States of America will default. There simply is no way to maintain these wild levels of spending.
This chart can be found in the Heritage Foundation’s 2011 Budget Book which features charts on federal spending, revenue, debt and deficits, and entitlement programs.
Warner Todd Huston
Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.