Sunday, May 31, 2009

Taxpayers Getting Squeezed Ever Tighter

From USA Today: Leap in U.S. debt hits taxpayers with 12% more red ink

An excerpt:

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

The current rate of government spending is simply unsustainable. It must change or we're doomed.

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