| Topic: |
Politics > Politics-USA |
| User: |
"nobody" |
| Date: |
07 Feb 2004 07:27:57 PM |
| Object: |
National debt $100,000+ for every man,women and child |
The federal government's gross debt -- the accumulation of its annual
deficits -- was about $7 trillion last September, which works out to
about $24,000 for every man, woman and child in this country. But that
number excludes items like the gap between the government's Social
Security and Medicare commitments and the money put aside to pay for
them. If these items are factored in, the burden for every American
rises to well over $100,000.
Public officials will have more incentive to make difficult but
necessary choices if the public has the facts and comes to support
serious and sustained action to address our fiscal challenges. Without
meaningful public debate, however, real and lasting change is
unlikely. The sooner we act, the easier it will be to turn things
around.
excerpted from:
The Debt No One Wants to Talk About
by David M. Walker,
Comptroller General of the United States
Published: February 4, 2004 by the New York Times
http://www.nytimes.com/2004/02/04/opinion/04WALK.html
=====================================================
American corporate news tends to spread White house and pentagon spin
- they can't be trusted. Only the truth will set us free
Here are two good sources for daily news:
http://www.commondreams.org
http://www.democracynow.org
=======================
"Man must change or die. There is no other course."
The World Teacher http://www.share-international.org
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