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Leap in U.S. debt hits taxpayers with 12% more red ink

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posted on May, 29 2009 @ 11:52 AM
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Leap in U.S. debt hits taxpayers with 12% more red ink


www.usatoday.com

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.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

(visit the link for the full news article)




posted on May, 29 2009 @ 11:52 AM
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I think it's time for Americans to wake up and see who the real terrorists are that are destroying our country - they're in the White House (past/present) and in Congress. They're destroying us. Will we not wake up before bread is $50/loaf?

We need to kick them all out on their duffs and we need to ALL start demanding that they not spend one more dollar. NOT ONE MORE DOLLAR!

www.usatoday.com
(visit the link for the full news article)



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