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Fall Of The American Empire Discuss the ways in which America is falling. The Roman Empire never had this chance to discuss their own downfall, we do...what do you think? Immorality, gay marriage, political correctness, selfishness, hatred, rage, complete and utter apathy is going to destroy America, period. Let's watch it happen and talk about how and why it's happening here!

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Us debt is at $1m per family
  #1  
Old 06.16.2009
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Us debt is at $1m per family

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A former official in the George H.W. Bush [LINK POSTED BY MEMBER] Only Members Can View This Political Forum Link. estimates that the bloated public and private debt in the US works out to $250,000 for every man, woman and child in the country.
David Walker, the former US Comptroller General, says that the federal debt level is approaching $55 trillion and if you add in the what is owed on the state and local levels -- plus personal household debt -- it adds up to $75 trillion in obligations.
Walker, who now heads the Peter G. Peterson Foundation, named for the co-founder of the Blackstone Group, warned that without fiscal restraint, Uncle Sam may be guaranteeing that our future is not as prosperous as our past.
At the $75 trillion deficit level a family of four owes $1 million, he said.
Earlier this year Walker wrote on Politico.com: "Social Security and Medicare alone are already underfunded by about $44 trillion, or $146,000 per American, in today's dollars, and this number is growing on auto pilot every year by about $2 trillion, or $6,600 per American."

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What is wrong with people...why are we voting for this crap...
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Old 06.17.2009
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I don't know. We are in serious trouble that is apparent. I do not think we can come out from this. I truly think America is going down...as much as I hate to say it. This is simply unsustainable...
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