Tuesday, July 7, 2009


On July the Second, the national debt is $11,489,560,999,310.74.

When the eldest was born, the debt was $4,988,438,189,998.39.

That works out to be $500,086,369,947.07 a year increase

It looks like BHO is telling us that he is planning to slap another 5 trillion on the tab that Gabe will pick up. That is what he is admitting to, I have a sneaking hunch that it will be quite a bit more than that.

So in 2016, when Gabe turns 20, he will be the proud owner of his share of about $16,500,000,000,000 dollars.

There are 304,059,724 people in the US.

His share currently, if we only bill him for the time he has been alive is $21, 381.07.

His full tab is $37,787.18

His share in 2016 will be $54,265.65

So, if we are looking at paying off the debt, he will be on the hook for $291.31 a month for his thirty-year working career. Now, that isn't all he will pay, nosireebob, he will also have to pay the normal day to day taxes that we pay now and then have this plopped down on top of it.

Remember, these are approximate figures. Things will probably get worse. The number used to divide the total debt will be lower. The actual debt number will be higher.

So, my question now is.....


HermitJim said...

Boy, these numbers make my head spin...

Hard to believe when you look at it in this fashion, isn't it?

Mayberry said...

Amazing as it is, I'm speechless.....

Chris said...

These numbers fail to take into account interest on the debt and unfunded liabilities associated with medicare and social security.

Add both those in and old Gabe is in serious trouble.